Welcome to MJLM's Knowledge Institute!
This resource is filled with insightful white papers and informative articles to help keep your business moving forward.
Each year the federal government purchases products and services totaling close to $500 billion, nearly $98 billion of them from small businesses. Congress requires federal agencies to award 23 percent of their contracts to small businesses. This mandate allows small business, the growth engine of the U.S. economy, to compete equitably for the billions of dollars the federal government spends each year.
Read more about redefining 'small' business...
If you watch television, surf the Internet, listen to the radio or read any news publication, you've heard a lot about income taxes. Say what you will, but every American has a stake in the ongoing debate in Washington about who is taxed and how high their rate should be.
Much of the debate centers on what the tax code classifies as portfolio income. When you talk to a tax preparer or financial commentator, you will likely get...
Read more about minimizing taxes...
Executive compensation has evolved dramatically in recent years, in creativity, complexity, and dollar value. Stock options, deferred compensation, fringe benefits, and other "non-cash" alternative forms of compensation are becoming increasingly popular and making up larger and larger parts of executives' overall compensation packages.
There are multi-faceted tax implications for all forms of executive compensation...
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Did you end up owing taxes this year? The vast majority of Americans get a tax refund from the IRS each spring, but those who receive a bill may not know that the IRS has a number of ways for people to pay. Here are nine tips...
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The Small Business Jobs Act of 2010 was signed into law on September 27th. Though many of the Act's provisions focus on small businesses, the new law also contains tax incentives that apply to all business owners as well a their retirement savings incentives. The Act enhances and extends a number of tax incentives that were originally included in 2008 Stimulus Act and the 2009 Recovery Act. Also, it is important to...
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On November 19th, the McConnell & Jones Audit Team hosted a seminar focused on the compliance and reporting requirements associated with Stimulus Funded contracts, grants and loans. Specifically, the team focused on Section 1512 Requirements, Impacts to the Single Audit Process, and Importance of Data Quality.
Download the presentation.
Audit committees can take advantage of the Internet and find a wealth of resources to assist them in discharging their responsibilities. This Tool provides an overview of organizations and Web sites that contain topical resources for audit committee members to investigate.
On August 12th McConnell & Jones LLP hosted a nonprofit seminar with GrowthForce LLC to discuss ways for nonprofit organizations to improve bookkeeping and accounting processes through the utilization of QuickBooks. Also, our tax experts discussed important changes to the IRS Form 990.
Learn more...
A quality audit will help protect the assets and the financial integrity of your employee benefit plan and ensure that the necessary funds will be available to pay retirement, health, and other promised benefits to your employees. A quality audit also will help you...
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The 81st Texas Legislature convened on Jan. 13, 2009 and adjourned on June 1, 2009, but they clearly have not finished their business in the capitol for the summer. The Governor has already indicated that he will be calling a special session...
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The recently enacted American Recovery and Reinvestment Act of 2009 (the "Stimulus Act") includes a number of new tax breaks, both large and small, and extends several existing tax breaks for businesses and individuals. Although some provisions are not as generous as originally hoped, there are still plenty of opportunities for individuals and businesses alike.
Following are some highlights of the new legislation...
One of the largest hurdles faced by business owners is staying on top of the numerous obligations to federal and state tax agencies. The Internal Revenue Service offers business owners a fair number of business tax deductions...
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One of the largest hurdles faced by business owners is staying on top of the numerous obligations to federal and state tax agencies. While effective tax planning takes place year-round, it becomes especially important at...
In the wake of Hurricane Ike, many people are faced with concerns about the fiscal impact that this devastating disaster will play in their personal and business financial affairs. McConnell & Jones has prepared a Recovery Resource Guide to help you regain a sense of financial balance by offering suggestions on steps to take immediately...continue reading...
Last summer the IRS issued new 403(b) regulations—these are the first changes that 403(b) plans have seen in more than 40 years. Is your plan ready for the scrutiny? Download the PDF...
The IRS's new rules bring 403(b) plans closer to the standards set for typical 401(k) plans and result in significant changes for tax exempt organizations and their employees. Learn more...
Is Your Business At Risk? Simple Strategies to Manage Risk Throughout Your Firm’s Purchasing Process
It's common knowledge that risk management is an operational cornerstone of the "big guys," but what about the small businesses? Why should you care about risk management strategies? Most small businesses are unpredictable...continue reading...
Almost every business owner or successful entrepreneur comes to the decision point of selling their business and turning their risk and responsibilities to someone else. Download the PDF...
It used to be that if you had a good product and provided solid customer service, you could pretty much count on being successful. Download the PDF...
As the owner of a business or professional practice, you know better than anyone that running your business seldom leaves you enough time to "take care of business" by addressing important financial planning questions such as...continue reading...
 |Account Analysis and Reconciliation CenterPoint had numerous accounts receivable balances that required analyses and reconciliation and did not have sufficient staff to supervise this work on a timely basis. Read more.. . |
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 Internal Audit Services Equiva Services LLC, part of a complex alliance which combined major elements of Shell Oil Company, Texaco Inc., and Saudi ARAMCO’s U.S. marketing and refining operations, was in need of professionals with greater experience to augment their existing internal auditing staff. Read more... |
 Internal Audit Co-Sourcing Dynegy, a provider of wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in 13 states across the U.S. Midwest, Northeast and West Coast, was in need of a co-sourcing partner to augment their own internal auditing department which they had established in 2001. Read more... |
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| Local Financial Professionals Team to Present Basic Financial Precepts to Teens |
| Recognizing the challenges today's teens face in making and managing their money, MJLM Partner Odysseus Lanier and Bracewell & Giuliani Partner Jarvis V. Hollingsworth joined forces to present financial fundamentals to local teens this past Sunday afternoon at MJLM's offices in Houston, Texas. Drawing from their combined and considerable knowledge and experience in the financial field, Mr. Lanier and Mr. Hollingsworth created an excellent presentation* which was enthusiastically received by its audience. In response to requests we have received and in the spirit of community, we are making that presentation available online. Please click here to access the presentation. When prompted, you may choose to either view online or download. |
