--- title: Machen McChesney Blog | Nick Wheeler, CPA (11) description: (11) --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![mm-re-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-re-cobrand-fd-blues.png?width=279&height=100&name=mm-re-cobrand-fd-blues.png)](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - [LinkedIn](https://www.linkedin.com/company/675439?trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424436970395%2Ctas%3Amachen+mcchesney) - [Facebook](https://www.facebook.com/machenmcchesney) - 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[Full Story](https://info.machen.cpa/blog/are-there-tax-breaks-with-green-energy) Posted in [Tax News](https://info.machen.cpa/blog/topic/tax-news) ## [Divorcing Business Owners Need to Pay Attention to Tax Implications](https://info.machen.cpa/blog/divorcing-business-owners-need-to-pay-attention-to-tax-implications) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Apr 18, 2019 [![](https://info.machen.cpa/hubfs/iStock-1140571926-1.png)](https://info.machen.cpa/blog/divorcing-business-owners-need-to-pay-attention-to-tax-implications) If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and your marital property will include all or part of it. [Full Story](https://info.machen.cpa/blog/divorcing-business-owners-need-to-pay-attention-to-tax-implications) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [How to Report Stock Compensation Paid to Nonemployees](https://info.machen.cpa/blog/how-to-report-stock-compensation-paid-to-nonemployees) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Feb 28, 2019 [![](https://info.machen.cpa/hubfs/iStock-914474736-1.png)](https://info.machen.cpa/blog/how-to-report-stock-compensation-paid-to-nonemployees) The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to nonemployees for providing goods and services, under recent guidance issued by the Financial Accounting Standards Board (FASB). [Full Story](https://info.machen.cpa/blog/how-to-report-stock-compensation-paid-to-nonemployees) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Fundamental Tax Truths for C Corporations](https://info.machen.cpa/blog/fundamental-tax-truths-for-c-corporatons) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Feb 07, 2019 [![](https://info.machen.cpa/hubfs/iStock-1127292407-1.png)](https://info.machen.cpa/blog/fundamental-tax-truths-for-c-corporatons) The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same: [Full Story](https://info.machen.cpa/blog/fundamental-tax-truths-for-c-corporatons) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [A Refresher On Major Tax Law Changes For Small-business Owners](https://info.machen.cpa/blog/a-refresher-on-major-tax-law-changes-for-small-business-owners) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Jan 02, 2019 [![](https://info.machen.cpa/hubfs/iStock-868676410-1.png)](https://info.machen.cpa/blog/a-refresher-on-major-tax-law-changes-for-small-business-owners) The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns this spring, so they can plan accordingly. [Full Story](https://info.machen.cpa/blog/a-refresher-on-major-tax-law-changes-for-small-business-owners) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Accounting For Overhead Costs](https://info.machen.cpa/blog/accounting-for-overhead-costs) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Dec 10, 2018 [![](https://info.machen.cpa/hubfs/iStock-824160534-1-1.png)](https://info.machen.cpa/blog/accounting-for-overhead-costs) Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for variances that may occur. [Full Story](https://info.machen.cpa/blog/accounting-for-overhead-costs) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Tax Reform Expands Availability of Cash Accounting](https://info.machen.cpa/blog/tax-reform-expands-availability-of-cash-accounting) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Nov 20, 2018 [![](https://info.machen.cpa/hubfs/iStock-866779874-1-713403-edited.jpg)](https://info.machen.cpa/blog/tax-reform-expands-availability-of-cash-accounting) Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and if so, consider switching methods. [Full Story](https://info.machen.cpa/blog/tax-reform-expands-availability-of-cash-accounting) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Tax-free Fringe Benefits Help Small Businesses and Their Employees](https://info.machen.cpa/blog/tax-free-fringe-benefits-help-small-businesses-and-their-employees) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Oct 10, 2018 [![](https://info.machen.cpa/hubfs/iStock-470642616-119671-edited.jpg)](https://info.machen.cpa/blog/tax-free-fringe-benefits-help-small-businesses-and-their-employees) In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. [Full Story](https://info.machen.cpa/blog/tax-free-fringe-benefits-help-small-businesses-and-their-employees) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Got Medical Bills? Get Planning!!!](https://info.machen.cpa/blog/got-medical-bills-get-planning) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Sep 26, 2018 [![](https://info.machen.cpa/hubfs/IFF_Medical_Expenses_SNIPPET_560x292.jpg)](https://info.machen.cpa/blog/got-medical-bills-get-planning) For 2018, taxpayers can itemize medical expenses that total only 7.5% of AGI. [Full Story](https://info.machen.cpa/blog/got-medical-bills-get-planning) Posted in [Individual Tax Planning](https://info.machen.cpa/blog/topic/individual-tax-planning) ## [Be Sure Your Employee Travel Expense Reimbursements Will Pass Muster With The IRS](https://info.machen.cpa/blog/be-sure-your-employee-travel-expense-reimbursements-will-pass-muster-with-the-irs) ![](https://info.machen.cpa/hubfs/Nick%20Wheeler%202025%20update.jpg) Posted by [Nick Wheeler, CPA](https://info.machen.cpa/blog/author/nick-wheeler-cpa) on Sep 17, 2018 [![](https://info.machen.cpa/hubfs/iStock-529209343-039962-edited.jpg)](https://info.machen.cpa/blog/be-sure-your-employee-travel-expense-reimbursements-will-pass-muster-with-the-irs) Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Cuts and Jobs Act (TCJA) make such reimbursements even more attractive to employees. Travel reimbursements also come with tax benefits, but only if you follow a method that passes muster with the IRS. [Full Story](https://info.machen.cpa/blog/be-sure-your-employee-travel-expense-reimbursements-will-pass-muster-with-the-irs) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) [Previous](https://info.machen.cpa/blog/author/nick-wheeler-cpa/page/10) [Next](https://info.machen.cpa/blog/author/nick-wheeler-cpa/page/12) Search this site on Google Search Google ### Recent Posts ### Subscribe to Blog ### Posts by Category - [Business Tax (356)](https://info.machen.cpa/blog/topic/business-tax) - [Business Advisory (242)](https://info.machen.cpa/blog/topic/business-advisory) - [Payroll, HR & Benefits (124)](https://info.machen.cpa/blog/topic/payroll-hr-benefits) - [Audit & Assurance (113)](https://info.machen.cpa/blog/topic/audit-assurance) - [Accounting & Outsourcing (81)](https://info.machen.cpa/blog/topic/accounting-outsourcing) - [Individual Tax (75)](https://info.machen.cpa/blog/topic/individual-tax) - [Tax Planning (33)](https://info.machen.cpa/blog/topic/tax-planning) - [Tax Updates (25)](https://info.machen.cpa/blog/topic/tax-updates) - [Retirement & Wealth Management Planning (18)](https://info.machen.cpa/blog/topic/retirement-wealth-management-planning) - [Taxation (15)](https://info.machen.cpa/blog/topic/taxation) - [Alerts (13)](https://info.machen.cpa/blog/topic/alerts) - [Business Valuation (11)](https://info.machen.cpa/blog/topic/business-valuation) - [News & Events (11)](https://info.machen.cpa/blog/topic/news-events) - [Tax News (11)](https://info.machen.cpa/blog/topic/tax-news) - [Individual Tax Planning (10)](https://info.machen.cpa/blog/topic/individual-tax-planning) - [Not For Profit (10)](https://info.machen.cpa/blog/topic/not-for-profit) - [Retirement Planning (9)](https://info.machen.cpa/blog/topic/retirement-planning) - [Estate Planning (8)](https://info.machen.cpa/blog/topic/estate-planning) - [Manufacturing Industry Insights (7)](https://info.machen.cpa/blog/topic/manufacturing-industry-insights) - [Individuals (1)](https://info.machen.cpa/blog/topic/individuals) - [Insider (1)](https://info.machen.cpa/blog/topic/insider) - [Professional Standard News (1)](https://info.machen.cpa/blog/topic/professional-standard-news) see all [![Returning\_Value](https://info.machen.cpa/hs-fs/file-2504250850-jpg/Machen-Blog-Image/Returning_Value.jpg)](http://machenmcchesney.com/about-us/mission-and-values/) - [![AICPA](https://machenmcchesney.com/img/logos/aicpa.jpg)](https://www.aicpa-cima.com/) - [![NACVA](https://machenmcchesney.com/img/logos/nacva.jpg)](http://www.nacva.com/) - ![2026 INSIDE Public Accounting Top 400](https://machenmcchesney.com/img/2026-ipa-top-400.jpg) - ![2026 Best of Auburn-Opelika](https://machenmcchesney.com/img/2026-best-of-auburn-opelika.jpg) - [![2025 Best of OA](https://machenmcchesney.com/img/2025-best-of-oa.jpg)](https://oanow.com/exclusive/readerschoice/ballot-2025/) - ![2026 Best of OA Winner](https://machenmcchesney.com/img/2026-best-of-oa-winner.jpg) - [![2025 Accounting Today Regional Leaders](https://machenmcchesney.com/img/2025-accounting-today-regional-leaders.jpg)](https://www.accountingtoday.com/) - [![ClearlyRated Best of Accounting](https://machenmcchesney.com/img/2024-best-of-accounting.jpg)](https://www.clearlyrated.com/accounting) - [![ClearlyRated Best of Accounting Employee](https://machenmcchesney.com/img/2024-best-of-accounting-employee.jpg)](https://www.clearlyrated.com/accounting) 1820 East University Drive, Auburn, AL 36830 | Tel: (334) 887-7022 | Fax: (334) 887-7221 1761 Taliaferro Trail, Montgomery, AL 36117 | Tel: (334) 244-8900 | Fax: (334) 364-0927 † This is not a CPA firm. \* Assurance, attest, and audit services provided by Frazier & Deeter, LLC. “Frazier & Deeter” is the brand name under which Frazier & Deeter, LLC\* and Frazier & Deeter Advisory, LLC† and its subsidiary entities provide professional services. 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