Returning Value Blog

On September 22, 2016, the Internal Revenue Service and its Security Summit partners issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.

Comparing C corporations with S corporations

If you are organizing a new business or considering a switch from one to the other for an existing business structure, you may prefer to elect S corporation status for tax purposes rather than a traditional C corporation.

How to value business interests

It is often difficult to put a price tag on a company that is not publicly traded. For instance, the value of a family-owned business will typically exceed the total value of the hard assets such as equipment and inventory. In addition, assigning a value to intangible assets such as goodwill is a difficult proposition at best.

When it comes to evaluating the fair value of income-producing real estate properties, capitalization rates – or cap rates, as they’re widely known – are among the most useful tools available for buyers, sellers, property appraisers, bankers, and financial statement auditors. 

Machen McChesney, LLP is honored to have been chosen again as a winner of the 2016 When Work Works Award.  This award is presented to companies for use of effective workplace strategies that increase business and employee success.

Important planning tool for business owners

A buy–sell agreement can be critical to a business owner intending to sell the business interest or needing to accommodate other changes within the organization. Typically, it can help ease a transition in leadership to the younger generation. 

Understand and realize the key differences

Don’t be fooled into thinking that cash flow and profit are the same thing. In fact, there are major differences. Cash flow is dynamic and moves daily, while profit is a snapshot of income and expenses at a specific point in time. Understanding this comparison, and acting upon it, can be significant for a small-business operation.

Special tax break for gifts of property

Facebook founder Mark Zuckerberg made news recently by promising to give away 99% of his net worth, including his Facebook shares, to charity. The arrangement takes advantage of a unique tax break for charitable gifts of appreciated property, such as stock.

Smart business owners know their products, services, markets and customers inside and out. Yet that doesn’t necessarily mean they’re experts in business finance, taxes and IRS regulations. While these disciplines grow increasingly complex every year, business owners must make intelligent decisions about each one in order to keep their businesses viable.

How to achieve financial success

No one can predict with any great certainty the financial outlook for 2016, especially with the national elections looming in November. Nevertheless, here are 10 top money management moves that make sense for the rest of this year.