--- title: Machen McChesney Blog | Business Advisory (4) description: Business Advisory | (4) --- [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) - [Google](https://plus.google.com/101356546927388458481) - [Twitter](https://twitter.com/machenmcchesney) - About Us - [Welcome](http://machenmcchesney.com/about-us/welcome/) - [Affiliations and Associations](http://machenmcchesney.com/about-us/affiliations-and-associations/) - [Community Events](http://machenmcchesney.com/about-us/community-events/) - [Family of Companies](http://machenmcchesney.com/about-us/family-of-companies/) - [History](http://machenmcchesney.com/about-us/firm-profile-history/) - [Mission and Values](http://machenmcchesney.com/about-us/mission-and-values/) - [Team Directory](http://machenmcchesney.com/about-us/team-directory/) - Services - [Accounting & Outsourcing](http://machenmcchesney.com/services/accounting-outsourcing/) - [Audit and Assurance Services](http://machenmcchesney.com/services/audit-assurance/) - [Business Advisory Services](http://machenmcchesney.com/services/business-advisory/) - [Business Valuation Services](http://machenmcchesney.com/services/business-valuation-services/) - [Family Office Services](http://machenmcchesney.com/services/family-care/) - [Financial Planning & Wealth Mangement Services](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) - [Individual Services](http://machenmcchesney.com/services/individuals/) - [Taxation](http://machenmcchesney.com/services/taxation/) - Who We Serve - [Construction & Real Estate](http://machenmcchesney.com/industries/construction-real-estate/) - [Credit Unions](http://machenmcchesney.com/industries/credit-unions/) - [Government & Not-For-Profits](http://machenmcchesney.com/industries/governmental-not-for-profit/) - [Healthcare & Professional Services](http://machenmcchesney.com/industries/healthcare-and-professional-services/) - [Hospitality, Restaurant & Retail](http://machenmcchesney.com/industries/hospitality-restaurant-retail/) - [Manufacturing, Distribution & Automotive](http://machenmcchesney.com/industries/manufacturing-distribution-automotive/) - [Success Stories](http://machenmcchesney.com/success-stories) - Resources - [Blog](https://info.machenmcchesney.com/blog) - [E-Newsletter Archive](http://machenmcchesney.com/resources/e-newsletter-archive/) - [Financial Calculators](http://machenmcchesney.com/resources/financial-calculators/) - [Financial Terms Glossary](http://machenmcchesney.com/resources/financial-terms-glossary/) - [Helpful Articles](http://machenmcchesney.com/resources/newsletter/) - [Tax Calendar](http://machenmcchesney.com/resources/tax-calendar/) - [Tax Links](http://machenmcchesney.com/resources/tax-links/) - [Track Your Refund](http://machenmcchesney.com/resources/track-your-refund/) - [Sign Up for Our E-Newsletter](http://machenmcchesney.com/resources/e-newsletter/) - [Subscribe to Our Blog](http://machenmcchesney.com/resources/subscribe-to-the-machen-mcchesney-blog/) - News & Events - [Press Releases](http://machenmcchesney.com/news-events/press-releases/) - [Upcoming Events](http://machenmcchesney.com/news-events/upcoming-events/) - Careers - [Our Culture](http://machenmcchesney.com/careers/culture/) - [Benefits](http://machenmcchesney.com/careers/benefits/) - [Our Stories](http://machenmcchesney.com/careers/our-stories/) - [Current Openings](http://machenmcchesney.com/careers/current-openings-send-resume/) - [Accounting Internship Opportunities](http://machenmcchesney.com/careers/students/) - Contact Us - [Auburn-Opelika Office](http://machenmcchesney.com/contact-us/contact-us-auburn-office/) - [Montgomery Office](http://machenmcchesney.com/contact-us/contact-us-montgomery-office/) # Returning Value Blog ## [Use High-Impact Graphics to Bring Your Financials to Life](https://info.machen.cpa/blog/use-high-impact-graphics-to-bring-your-financials-to-life) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Aug 08, 2025 [![](https://info.machen.cpa/hubfs/Financial%20Reports%20-878863400-social.jpg)](https://info.machen.cpa/blog/use-high-impact-graphics-to-bring-your-financials-to-life) Are your company’s financial statements keeping up with how people consume information today? We live in a world that scrolls, swipes, and scans. With information coming at us nonstop, most people don’t have the time — or patience — for dense financial reports. [Full Story](https://info.machen.cpa/blog/use-high-impact-graphics-to-bring-your-financials-to-life) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [The QBI Deduction and What's New in the One, Big, Beautiful Bill Act](https://info.machen.cpa/blog/the-qbi-deduction-and-whats-new-in-the-one-big-beautiful-bill-act) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Aug 07, 2025 [![](https://info.machen.cpa/hubfs/QBI%20deduction%20-1268417774-1.jpg)](https://info.machen.cpa/blog/the-qbi-deduction-and-whats-new-in-the-one-big-beautiful-bill-act) The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% of QBI, not to exceed 20% of taxable income. It can also be claimed for up to 20% of income from qualified real estate investment trust dividends. [Full Story](https://info.machen.cpa/blog/the-qbi-deduction-and-whats-new-in-the-one-big-beautiful-bill-act) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory), [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Federal Taxes: What Taxpayers Should Know as the IRS Scales Back](https://info.machen.cpa/blog/federal-taxes-what-taxpayers-should-know-as-the-irs-scales-back) ![](https://info.machen.cpa/hubfs/Tracey%20Strickland%202025%20update%20.jpg) Posted by [Tracey C. Strickland](https://info.machen.cpa/blog/author/tracey-stricklan) on Aug 06, 2025 [![](https://info.machen.cpa/hubfs/IRS%20-%20636650478-social.jpeg)](https://info.machen.cpa/blog/federal-taxes-what-taxpayers-should-know-as-the-irs-scales-back) Recent IRS downsizing efforts have posed challenges for taxpayers attempting to resolve issues with the agency. Over recent months, thousands of IRS employees have left the IRS through the administration’s deferred resignation programs, comprehensive [layoffs](https://www.bdo.com/insights/tax/irs-workforce-reduction-likely-to-have-adverse-consequences-for-taxpayers)of probationary employees, and retirements. [Full Story](https://info.machen.cpa/blog/federal-taxes-what-taxpayers-should-know-as-the-irs-scales-back) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [The New Law Includes a Game-Changer for Business Payment Reporting](https://info.machen.cpa/blog/the-new-law-includes-a-game-changer-for-business-payment-reporting) ![](https://info.machen.cpa/hubfs/Murry%20Guy%202025%20Updat.jpg) Posted by [Murry Guy, CPA](https://info.machen.cpa/blog/author/murry-guy-cpa) on Aug 05, 2025 [![](https://info.machen.cpa/hubfs/1099-nec%20-2195199346-social.jpg)](https://info.machen.cpa/blog/the-new-law-includes-a-game-changer-for-business-payment-reporting) The One Big Beautiful Bill Act (OBBBA) contains a major overhaul of an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information reporting on certain business payments from $600 to $2,000. Beginning in 2027, the threshold amount will be adjusted for inflation. [Full Story](https://info.machen.cpa/blog/the-new-law-includes-a-game-changer-for-business-payment-reporting) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [The New Law Includes Favorable Changes for Depreciating Eligible Assets](https://info.machen.cpa/blog/the-new-law-includes-favorable-changes-for-depreciating-eligible-assets) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Jul 23, 2025 [![](https://info.machen.cpa/hubfs/Assets%20-865888220-1.jpeg)](https://info.machen.cpa/blog/the-new-law-includes-favorable-changes-for-depreciating-eligible-assets) The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers.Perhaps thebiggest and best changes are liberalized rules for depreciating business assets. Here’s what you need to know. [Full Story](https://info.machen.cpa/blog/the-new-law-includes-favorable-changes-for-depreciating-eligible-assets) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory), [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Budgeting Basics for Entrepreneurs](https://info.machen.cpa/blog/budgeting-basics-for-entrepreneurs) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Jul 22, 2025 [![](https://info.machen.cpa/hubfs/Start%20up%20-%201082005226-1.jpeg)](https://info.machen.cpa/blog/budgeting-basics-for-entrepreneurs) Starting a business can be rewarding, but the financial learning curve is often steep. The U.S. Bureau of Labor Statistics estimates that one in five new businesses will fail within one year of opening, roughly half will close within five years, and less than a third will survive for 10 years or longer. A common thread in early failures is weak financial planning and oversight. [Full Story](https://info.machen.cpa/blog/budgeting-basics-for-entrepreneurs) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [Significant Business Tax Provisions in the One, Big, Beautiful Bill Act](https://info.machen.cpa/blog/significant-business-tax-provisons-in-the-one-big-beautiful-bill-act) ![](https://info.machen.cpa/hubfs/Mike%20Machen%202025%20Update.jpg) Posted by [Michael D. Machen, CPA, CVA](https://info.machen.cpa/blog/author/michael-d-machen-cpa-cva) on Jul 18, 2025 [![](https://info.machen.cpa/hubfs/One%20Big%20Beautiful%20Bill.jpeg)](https://info.machen.cpa/blog/significant-business-tax-provisons-in-the-one-big-beautiful-bill-act) The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes, too. Here’s a quick summary of some of the most important provisions. [Full Story](https://info.machen.cpa/blog/significant-business-tax-provisons-in-the-one-big-beautiful-bill-act) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [Tax Bill Signed into Law](https://info.machen.cpa/blog/tax-bill-signed-into-law) ![](https://info.machen.cpa/hubfs/Mike%20Machen%202025%20Update.jpg) Posted by [Michael D. Machen, CPA, CVA](https://info.machen.cpa/blog/author/michael-d-machen-cpa-cva) on Jul 10, 2025 [![](https://info.machen.cpa/hubfs/Big%20Beautiful%20Bill%20Act%20-2223090202-1.jpeg)](https://info.machen.cpa/blog/tax-bill-signed-into-law) The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations. The House voted 218- 214 on July 3 to send the bill to the president’s desk. With the legislation now final, taxpayers should focus on assessing its impact and identifying planning opportunities and challenges. The bill offers both tax cuts and increases that would affect nearly all businesses and investors. [Full Story](https://info.machen.cpa/blog/tax-bill-signed-into-law) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [5 Tax Breaks on the Table: What Business Owners Should Know About the Latest Proposals](https://info.machen.cpa/blog/5-tax-breaks-on-the-table-what-business-owners-should-know-about-the-latest-proposals) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on Jun 18, 2025 [![](https://info.machen.cpa/hubfs/Tax%20Break%20-1640899346-1.jpeg)](https://info.machen.cpa/blog/5-tax-breaks-on-the-table-what-business-owners-should-know-about-the-latest-proposals) A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. [Full Story](https://info.machen.cpa/blog/5-tax-breaks-on-the-table-what-business-owners-should-know-about-the-latest-proposals) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) ## [The One, Big, Beautiful Bill Could Change the Deductibility of R&E Expenses](https://info.machen.cpa/blog/the-one-big-beautiful-bill-could-change-the-deductibility-of-re-expenses) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Jun 17, 2025 [![](https://info.machen.cpa/hubfs/research%20859413506-1.jpeg)](https://info.machen.cpa/blog/the-one-big-beautiful-bill-could-change-the-deductibility-of-re-expenses) The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies focused on innovation. As the tax code currently stands, the deductibility of these expenses is limited, leading to financial strain for companies that used to be able to expense them immediately. However, proposed legislation dubbed The One, Big, Beautiful Bill could drastically change that. Here’s what you need to know. [Full Story](https://info.machen.cpa/blog/the-one-big-beautiful-bill-could-change-the-deductibility-of-re-expenses) Posted in [Business Advisory](https://info.machen.cpa/blog/topic/business-advisory) [Previous](https://info.machen.cpa/blog/topic/business-advisory/page/3) [Next](https://info.machen.cpa/blog/topic/business-advisory/page/5) 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 (239)](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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