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Returning Value Blog

FASB Issues ASU On Leases

Posted by Aaron K. Waller, CPA on Mar 10, 2016

On February 25, 2016, the FASB issued its highly-anticipated leasing standard 1 for both lessees and lessors. Under its core principle, a lessee will recognize lease assets and liabilities on the balance sheet for all arrangements with terms longer than 12 months. Lessor accounting remains largely consistent with existing U.S. GAAP. The new standard takes effect in 2019 for public business entities and 2020 for all other entities. The ASU is available here.
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Posted in Business Advisory

Ins and Outs of Flexible Spending Accounts

Posted by Jessica L. Pagan, CPA on Feb 20, 2016

Popular fringe benefit for employees

Flexible spending accounts (FSAs) can be a low-cost addition to your company’s benefits package. You can provide FSAs for your employees to cover health care expenses, dependent care expenses—or both—within certain tax law limits.

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Posted in Business Advisory

How To Improve Operational Performance

Posted by Trisha Williams, CPA on Feb 18, 2016

 8 No-Cost Transaction Cycles Available for Complimentary Evaluation

As business advisors to our clients, we take a comprehensive approach to assessing and serving your needs.  Through the core accounting and financial services we provide, we are uniquely positioned to identify additional opportunities to improve the overall operational effectiveness of your organization.

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Posted in Business Advisory

Exciting News: How Merger of Wolf & Taunton PC into Machen McChesney Can Benefit You.

Posted by Marty Williams, CPA on Jan 20, 2016

We are excited to be Returning Value to the Montgomery area through our recent merger with Wolf & Taunton, P.C. Click here to read the full press release and learn more.

This merger will not only benefit our clients but our firm as well. Having more professionals with experience in a wide range of industries and greater technical knowledge in specialty areas, we now have more resources readily available to better serve you.

Clients will have access to more comprehensive services, industry expertise, business advisory services, and domestic and international coverage. Click here to learn more about Machen McChesney, service offerings and industry specialization.

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Posted in Business Advisory

Small Business Strategies: How a Certified Public Accountant (CPA) Can Help Your Company Thrive

Posted by Michael D. Machen, CPA, CVA on Jan 18, 2016

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.

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Posted in Business Advisory

10 Smart Money Ideas for 2016

Posted by Michael D. Machen, CPA, CVA on Dec 09, 2015

Save_Money_image_ID_71545.jpgHow 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.

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Posted in Business Advisory

Important Affordable Care Act Requirements to Review in 2015

Posted by Jessica L. Pagan, CPA on Nov 19, 2015

AdobeStock_84298213.jpegEvery business owner should address how the Affordable Care Act (ACA) will impact their business. There are reporting requirements in effect for the 2015 calendar year as well as potential employer health insurance coverage offering requirements, both having substantial fines for noncompliance. To be prepared you need to know the following:

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Posted in Business Advisory

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

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

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