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.
WHAT DO YOU DO?
Why you shouldn't rush to offer advice
When you hear about someone else's problem, your instinct might be to jump in with suggestions on how to solve it. Instead, be patient and take time to understand what the challenge actually is.
Fast Company online (1/15) ...
ARE YOU PROTECTED?
5 ways to diversify retirement savings to manage the tax burden. If the majority of your retirement savings are in tax-deferred accounts, taxes will take a significant bite out of assets when you withdraw. Several strategies can help, including contributing to Roth accounts.
Kiplinger online (1/13) ...
DO YOU TAKE ADVANTAGE OF THIS?
Turn to e-Services for secure access to taxpayer information, key tools. Tax practitioners can save a great deal of time by using the Internal Revenue Service's e-Services platform. Find out how to register and what services and information are available there.
The Tax Adviser (1/2020) ...
A state-by-state look at the cost of retirement
The amount you need to save for retirement can vary from about $666,000 to more than $2 million, depending on where you live, according to GOBankingRates. This analysis breaks down the cheapest and most expensive states for retirement.
MarketWatch (1/11) ...
HOW DO YOU MANAGE STRESS?
How to minimize stress while traveling for work
Business travel can be mentally draining, as it represents a break from the regular routine. Here are some best practices for managing stress while on the road.
Fast Company online (1/10) ...
2 weeks ago
You probably know, but starting in the year 2020, it is required that all companies use the new 2020 - W4 form. The purpose is to try and have people break even on taxes owed. This has always been the case, but prior W4’s apparently were complicated to fill out. This new W4 gives only a few options. ...
Deadline for health care information statements extended
The Internal Revenue Service has extended the due date to furnish certain health care information statements to individual taxpayers to March 2.
Journal of Accountancy online (12/2) ...
DO YOU USE THESE?
Do wellness programs protect your data?
Many workers have access to wellness programs that let them earn incentives by meeting health goals. When deciding whether to participate, workers should consider data-privacy issues and determine whether information is covered by the Health Insurance Portability and Accountability Act.
Wirecutter (11/20) ...
ANYONE HAS BETTER STEPS?
6 steps to a better busy season
Best practices for processes, communication and technology use can keep everyone in your firm from being burned out by April.
CPA Insider (12/2) ...