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Returning Value Blog

Michael D. Machen, CPA, CVA

Recent Posts

3 Tips for Improving Financial Practices for Long-Term Sustainability of Your Restaurant

Posted by Michael D. Machen, CPA, CVA on Aug 24, 2015

AdobeStock_58529911RESIZEDA well-managed restaurant doesn’t always guarantee a sound business strategy, but approaching restaurant management with a focus on facts, figures and the future can help in achieving long-term success. When it comes to running your business, financial modeling and long-term planning often get lost in the shuffle of day-to-day troubleshooting and management responsibilities. But for those looking to improve their financial practices and better communicate the restaurant’s potential success and value to lenders and investors, understanding the numbers and using them to effectively plan for long-term sustainability should be a top priority.

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Posted in Business Advisory

Four Reasons Why Nonprofits Should Double Down on Their Measurement and Monitoring Programs

Posted by Michael D. Machen, CPA, CVA on Aug 14, 2015

More nonprofits are waking up. From stringent regulations and government scrutiny around tax-exempt status and grant compliance to increasingly intense competition for funds, organizations of all shapes and sizes are realizing the need to implement strong measurement and monitoring programs.

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Posted in Business Advisory

Why a Cash Balance Retirement Plan Might be a Good Option for Business Owners

Posted by Michael D. Machen, CPA, CVA on Jul 30, 2015

As a business owner looking to increase deductions for your own retirement savings, a cash balance retirement plan could be for you. In order to participate in a cash balance plan, you must meet the following criteria: 

  • Profitable business with disposable cash flow
  • Small or younger workforce, or workforce with a generous current retirement plan
  • Older owners that are active in the business
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Substantial Accounting Changes Likely for Nonprofits

Posted by Michael D. Machen, CPA, CVA on Jun 10, 2015

More than two decades have passed since nonprofit organizations have seen any significant changes to their accounting procedures. The well-known procedures will change if recently issued proposals by the Financial Accounting Standards Board (FASB) are adopted and implemented.

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Posted in Business Advisory

Evaluating a Franchise Business Plan

Posted by Michael D. Machen, CPA, CVA on May 26, 2015

iStock_000038059426_LargeIt is hard to open a business and turn it into a successful operation. Despite the best efforts of entrepreneurs, a vast number of new businesses in the United States fail each year. Instead of starting from scratch, you or another family member, such as an adult child, might search for a ready-made franchise. There are thousands of them in the marketplace, ranging from McDonald’s to Jiffy Lube to Fantastic Sams hair salons.

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Posted in Business Advisory

Why Business Valuation Should be Included in Your Exit Strategy

Posted by Michael D. Machen, CPA, CVA on May 15, 2015

When business owners are selling their business, many believe that it will be the end of their working life. What these business owners do not consider is that this can be a time of excitement, new ventures and continuing personal growth. In order to seek out new ventures, business owners need to maximize the amount of money they’ll have when they leave the business. 

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Posted in Business Advisory

2014 Changes to Form 990 and Schedules

Posted by Michael D. Machen, CPA, CVA on Apr 29, 2015

As in the past few years, most of the 2014 changes to the Form 990 and its many schedules are fairly minor. There is, however, one exception—Schedule A: the schedule required for all Section 501(c)(3) public charities, which has gone from four to eight pages and now includes eighteen pages of instructions.

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Posted in Business Advisory

Five Challenges Ahead for Small Businesses

Posted by Michael D. Machen, CPA, CVA on Feb 16, 2015

How to prosper in a changing environment

It was not long ago that there was no Internet and only international spies had cell phones. The changes occurring these days are happening at breakneck speed, and small businesses are hard-pressed to keep up. However, it is important to adapt to the latest developments and incorporate them into your business planning.

What sort of changes are we talking about? Here are five prime areas worthy of your attention in 2015:
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Posted in Business Advisory

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