News & Insights
Accounting Support During Remote Work Orders
COVID-19 has presented challenges that many businesses and organizations never contemplated. Bookkeeping and accounting functions,while working remotely, may be one of the many critical tasks you’re struggling to figure out. In this time of crisis, keeping your...
New Employer Tax Credits Under CARES Act
Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit, both a result of the new CARES Act. McConnell & Jones is keeping a...
Economic Injury Disaster Loans and Grants
These grants provide an emergency advance of up to $10,000 to small businesses and nonprofits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request...
Expanded CARES Tax Relief Information for Small Business Owners
The CARES Act includes business tax relief including employee retention credits, delayed payroll payments, increased business interest deductibility, and accelerated recovery of alternative minimum tax credits among other forms of relief. The following paragraphs...
Benefit Plan Provisions in the CARES Act
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $2.3 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic, contains several provisions that affect employee benefit plans. Key provisions as...
Administrative Professionals Day Interview with Kelly Watson
In celebration of National Administrative Professionals day, we are spotlighting our very own “super-admin” Kelly Watson. We had a Microsoft Teams interview and asked Kelly what it’s like being an Administrative Professional in 2021 and much more!
Password or Passphrase, Two Sides of the Same Coin
As discussed in the previous post below, we determined that the average user of technology is required to memorize many different login credentials and a helpful tool is a password manager. In this post I will discuss the somewhat controversial topic, at least in...
McConnell Jones Announces the Promotions of Firm Members
Firmwide Dynamic Growth Has Fueled Promotions and New Hires McConnell Jones, a top 25 CPA firm based in Houston, is pleased to announce a number of promotions in its Audit and Strategic Services group. Despite the pandemic economy during the past year, the firm has...
McConnell & Jones Announces the Promotion of Micah Clinger to Partner
McConnell & Jones is pleased to announce the promotion of Micah Clinger to a partner in the firm. Clinger joined the firm in May 2020 as an Audit Director and has extensive experience performing financial and single audits for education, not-for-profit, and...
More Passwords, More Problems
During the past decade, the number of passwords we need to remember has grown exponentially. I am old enough to remember a time when I only needed to remember three passwords: one for work, one for personal email, and one for a forum of which I was a member. Now, at...
Simple Steps Employees Can Take to Ensure Greater Network Security in a Remote Work Environment
There are many aspects of IT security that we must consider in our new world where working remotely has become the norm. For the most part, the ability to work remotely requires the ability for employees to be able to connect to their firms’...
Wayne McConnell Interviewed by Houston Business Journal
We are honored to have our managing partner, Wayne McConnell, CPA, featured in "Face to Face", a segment published by the Houston Business Journal. “If we build a strong team, that strong team will come about as a result of each individual being the best that they...
PrimeGlobal Welcomes McConnell & Jones to the Association
We are honored to have our firm join the PrimeGlobal association. Read more about McConnell & Jones joining PrimeGlobal below: About PrimeGlobal As an award-winning association of independent accounting firms, PrimeGlobal member firms offer a powerful range of...
COVID-19 Pandemic Work Arrangement Plans
In a recent poll of national human resource directors conducted by McConnell & Jones, a new normal is expected when it comes to the traditional office environment: 47% of respondents indicated that a hybrid of work from office & home would be the new...
Why Working From Home Doesn’t Always Mean Home Office Business Deductions
According to some estimates, nearly 60 percent of U.S. workers have been or are still working from home as a result of the pandemic. Several clients have asked about the deductibility of home office expenses. Unfortunately for most work from home (WFH) workers, your...
Webinar: Lessons Learned in 2020- A Review of Changes of Employee Benefit Plans
The CPAs of McConnell & Jones invite you to a complimentary webinar to review the significant employee benefit plan changes that transpired in 2020. During this informative seminar, a panel of benefit plan experts will highlight tips and advice to help navigate...
New Relief Bill by Congress Could Change Deductibility of PPP Loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted March 27, established the Paycheck Protection Program (PPP), which allowed employers to acquire a loan to cover payroll costs and certain non-payroll costs to help their businesses endure reduced...
McConnell & Jones LLP Launches Kaleidoscope Diversity, Equity, and Inclusion and Supply Chain Diversity Solution
McConnell & Jones LLP , one of the region’s largest public accounting and risk advisory practices, and Reed Development Group, a nationally recognized resource and thought leader in advancing diversity, equality and inclusion, has formed a strategic alliance to...
Webinar: Year End Tax Planning: What You Need to Know for 2021
Join McConnell & Jones as we walk through year end tax planning and the Paycheck Protection Program (PPP). Our webinar will discuss: Year-End Tax Tips Paycheck Protection Program and Taxes Paycheck Protection Program Overview and Forgiveness Qualifies for 1 Hour...
COVID-19 Stress Factors for Human Resources
Responses exceed 100% due to multiple responses In a survey recently conducted by McConnell & Jones and Thompson Knight in early November among human resources professionals nationwide, the stress of COVID-19 is making negative personal and professional...