Blog

Welcome to our Blog Page

The McDonnell Richardson CPA, P.C. Blog Page provides frequently updated useful news and information to help keep you informed on tax strategy, business, and estate planning.  Please do not hesitate to contact us for any questions and additional information you may have regarding these topics.

4 days ago

KJ Law & CPA

Always an Issue.
What tax firms need to know now about technology
Artificial intelligence and robots get a lot of attention, but automation and cloud computing-enabled outsourcing are technology-related terms that should be top of mind for tax practices, according to a session at AICPA ENGAGE 2019 in Las Vegas.
Journal of Accountancy online (6/12)
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4 days ago

KJ Law & CPA

Do you have issues with SALT?
SALT deduction cap rules finalized; safe harbor proposed
Here are details on rules that deny a federal tax deduction to taxpayers who donate to a state charitable fund and receive a state or local tax credit in return. The Internal Revenue Service has also created a safe harbor that lets certain donors treat charitable deductions as state tax payments in this situation.
Journal of Accountancy online (6/12)
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4 days ago

KJ Law & CPA

Do you have a non-profit?
Liquidity, regulation among not-for-profits' top challenges
Not-for-profits are facing restrictions on funding that have lingered for more than a decade, growing requirements from regulations and increased demand for services, according to a BDO USA LLP survey.
Journal of Accountancy online (6/11)
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4 days ago

KJ Law & CPA

How is your career?
How to keep fear from short-circuiting your career
Many opportunities at work and in life fall by the wayside because people are afraid to seize them.
Journal of Accountancy online (6/12)
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5 days ago

KJ Law & CPA

Will this impact you?
9th Circuit upholds IRS cost-sharing regulation
The US Court of Appeals for the 9th Circuit has reversed a Tax Court decision that a cost-sharing regulation that required allocation of stock-based compensation was invalid. The court had come to the same conclusion in July but withdrew the opinion because a judge on the panel deciding the case died before the opinion was issued.
Journal of Accountancy online (6/10)
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5 days ago

KJ Law & CPA

What do you expect?
Tips for a smooth CECL implementation
The Financial Accounting Standards Board's current expected credit losses standard contains big implementation challenges for the financial-services industry but also applies to companies in other industries. These tips can put companies on the right track for implementation.
Journal of Accountancy online (6/10)
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5 days ago

KJ Law & CPA

Do you have this issue?
How to motivate and retain your talent
Invest in employees' growth and development, and they'll stay loyal to you, says ENGAGE speaker Philip Palaveev, founder of business-management consultancy The Ensemble Practice.
Journal of Accountancy online (6/10)
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1 week ago

KJ Law & CPA

Is there a penalty for getting married?
Marriage tax penalty post-TCJA
Married taxpayers often are subject to a "marriage tax penalty," paying more in federal income tax than they would if they were unmarried. Find out the state of the marriage tax penalty after changes made by the law known as the Tax Cuts and Jobs Act.
The Tax Adviser (6/2019)
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1 week ago

KJ Law & CPA

Wow, Mississippi or Hawaii?
Which states have the highest and lowest retirement costs?
Mississippi, Oklahoma and Arkansas rank as states where it costs the least for a retiree to live comfortably, according to an analysis by GOBankingRates. Hawaii is the most expensive state, costing at least $117,724 annually to retire comfortably.
CNBC (6/5)
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1 week ago

KJ Law & CPA

Who loves Excel?
Microsoft Excel: A dynamic new way to SORT data arrays
This new command can be used to sort data into columns without involving a manual sort process or a complicated macro process.
Journal of Accountancy print issue (6/2019)
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