News & Insights
Estate Planning Essentials to Revisit Due to the New Tax Law
Estate planning is never done. Just like a piece of real estate, it needs periodic maintenance and care to make sure it’s in good shape when you need it most. Provisions in the newly passed tax plan mean it’s time to revisit a handful of key areas of your estate plan....
Live Webinar: Top 5 Internal Control Considerations Facing Benefit Plans
Live Webinar Internal Control Considerations Facing Employee Benefit Plans Join Us Thursday, April 5, 2018 11:30 a.m. (CST) As we prepare for another benefit plan audit season, one factor that creates risk for benefit plans is a lack of effective internal controls....
Tax Reform -Key Considerations Affecting Nonprofit Organizations
The Tax Cuts and Jobs Act of 2017 significantly changed the landscape for everyone including nonprofit organizations. To help these organizations navigate the key provisions affecting nonprofits, we’ve highlighted three key considerations below: Executive Compensation...
Top 5 Internal Controls Risks Facing Benefit Plans
by Gosia Kanda One factor that creates risk for benefit plans is a lack of effective internal controls. As we prepare for another benefit plan audit season, now is the time for plan sponsors to review internal processes and make necessary improvements. Below are the...
Cryptocurrency Tax Essentials
Cryptocurrency is hot right now. As it emerges as an asset class of its own, many people are still confused how to treat it for federal income tax purposes. In response, the IRS issued guidance back in 2014 that treats virtual currencies that are convertible to cash...
McConnell and Jones LLP Gives Holiday Donations to Washington D.C. Charities
The McConnell & Jones’ (MJ) Washington D.C. office team spent a portion of the holiday season donating a myriad of necessities and gifts to three different local organizations, A Wider Circle, an anti-poverty organization that serves low income families; My...
Concerned About Tax Reform? We Have What You Need to Know.
The Tax Cuts & Jobs Act significantly changes the landscape for individuals and businesses, both small and large. Many provisions included in the Act take effect January 1, 2018, and will affect virtually all U.S. taxpayers. To help you understand the...
Tax Cuts and Jobs Act of 2017 | Top 5 Tax Issues Important to Entrepreneurs and Small Businesses
American small business owners and entrepreneurs across the country received a financial present this holiday season when Congress passed the new tax reform package. The “Tax Cuts and Job Act of 2017” is the most significant and radical change in tax law since the...
The Final Tax Bill
The much anticipated tax bill is finalized and has significant changes to personal and business tax laws, both in terms of tax structure and rules. Below is a summary of the key provisions in their final form compared to current tax law. Income Tax Rates Overall, the...
IRS Advisory – Prepaid Property Taxes MAY Be Deductible in 2017
Prepaid Real Property Taxes May Be Deductible in 2017 if ASSESSED and PAID in 2017 IRS Statements and Announcements - The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax...
Last Minute Tax Planning Ideas In Light of the New Tax Bill
As the year comes to an end and we begin reviewing the implications of the new tax reform bill, here are a few last suggestions for you and/or your business. Tax Reform Is Here - Four Moves to Make By the End of Year As always, please call one of our Tax Professionals...
The Trump Tax Reform Plan – What Is and What May Be
Major tax reform enactment is a rare event, with the last occurring back in 1986 under President Ronald Reagan. As a result, current discussions could pan out to be much ado about nothing; however, with the solid majorities that Trump and the Republicans hold in both...
McConnell & Jones LLP Receives Houston Business Journal’s Diversity in Business Award
McConnell & Jones LLP (MJ) received the mid-sized company Diversity in Business award from the Houston Business Journal at the Inaugural Diversity in Business Awards ceremony held last Thursday at the Hilton Americas Hotel located in Houston, Texas. The Houston...
McConnell & Jones’ Manager Recognized as a Certified Information System Auditor Further Expanding Information Technology Audit Services
McConnell & Jones’ consulting manager, Jose Reyes, has successfully completed the Certified Information Systems Auditor (CISA) exam and completed all requirements for the CISA certification from ISACA, formerly the Information Systems Audit and Control...
Diwali Greetings
By Hasmukh Joshi, ACA My Dear Auditor Friends, Namaste! On the occasion of Diwali, I am sending you best wishes for the upcoming Hindu New Year. I have gone through our several years of relations and related the experiences in my personal, social, and...