Why Some People Are Afraid of the Hobby Loss Rules

Many tax advisors are very cautious when it comes to claiming hobby losses – and some would argue overly so. This conservative view stems from the impression that the taxpayer usually loses when challenged by the IRS. While technically true that the odds aren’t in...

Do I need a Virtual Controller?

Tipping points in small businesses that indicate the need for extra help…   A business owner’s biggest strength is running their business and often a lack of time and/or qualified personnel can be detrimental to the accounting and bookkeeping tasks; hindering...

HBJ Ranks MJ as a 2019 Top 25 Firm in Houston

McConnell & Jones LLP(MJ) was ranked as one of the largest Houston area accounting firms in the 2019 Houston Business Journal(HBJ) Book of List. “We are proud to, once again, be listed as one of the largest firms in Houston,” said Managing Partner, Wayne...