--- title: Machen McChesney Blog | Business Tax (11) description: Business Tax | (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-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-cobrand-fd-blues.png?width=279&height=100&name=mm-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 ## [Inflation Reduction Act: Costs and Benefits for Real Estate & Construction](https://info.machen.cpa/blog/inflation-reduction-act-costs-and-benefits-for-real-estate-constuction) ![](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 Feb 17, 2023 [![](https://info.machen.cpa/hubfs/Inflation%20Reduction%20Act%20-1415606890-1.jpeg)](https://info.machen.cpa/blog/inflation-reduction-act-costs-and-benefits-for-real-estate-constuction) **Introduction** The Inflation Reduction Act's (IRA's) expansion of key energy efficiency tax incentives – such as the 179D energy efficient commercial buildings deduction and the 45L new energy efficient home credit – is anticipated to have a significant impact on real estate and construction industry. The legislation could provide a significant financial boost for firms looking to utilize environmentally conscious building materials and practices, potentially ushering in a new wave of progress in clean energy construction. [Full Story](https://info.machen.cpa/blog/inflation-reduction-act-costs-and-benefits-for-real-estate-constuction) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act](https://info.machen.cpa/blog/treasury-irs-release-additional-information-on-clean-vehicle-provisions-of-inflation-reduction-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 Feb 08, 2023 [![](https://info.machen.cpa/hubfs/vehicle%20clean%20energy%20-1398510019-1.jpeg)](https://info.machen.cpa/blog/treasury-irs-release-additional-information-on-clean-vehicle-provisions-of-inflation-reduction-act) The U.S. Treasury Department and the IRS, on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions.  [Full Story](https://info.machen.cpa/blog/treasury-irs-release-additional-information-on-clean-vehicle-provisions-of-inflation-reduction-act) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Many Tax Limits Affecting Businesses Have Increased For 2023](https://info.machen.cpa/blog/many-tax-limits-affecting-businesses-have-increased-for-2023) ![](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 Feb 03, 2023 [![](https://info.machen.cpa/hubfs/2023%20Tax-1448046964-1.jpeg)](https://info.machen.cpa/blog/many-tax-limits-affecting-businesses-have-increased-for-2023) An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here are some that may be important to you and your business. [Full Story](https://info.machen.cpa/blog/many-tax-limits-affecting-businesses-have-increased-for-2023) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Planning to Deduct for Losses This Tax Season? Be Sure to Read the Fine Print.](https://info.machen.cpa/blog/planning-to-deduct-for-losses-this-tax-season-be-sure-to-read-the-fine-print) ![](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 Jan 26, 2023 [![](https://info.machen.cpa/hubfs/Deductions-1161165086-1.jpeg)](https://info.machen.cpa/blog/planning-to-deduct-for-losses-this-tax-season-be-sure-to-read-the-fine-print) Deducting losses is a high-priority item for taxpayers in the highest marginal income tax bracket. The topic will be especially relevant during the 2022 tax compliance season because of recent declines in the stock market and a challenging overall business environment. [Full Story](https://info.machen.cpa/blog/planning-to-deduct-for-losses-this-tax-season-be-sure-to-read-the-fine-print) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [FAQs About QuickBooks](https://info.machen.cpa/blog/faqs-about-quickbooks) ![](https://info.machen.cpa/hubfs/Chris%20Earnest%202025%20udpate%20.jpg) Posted by [Chris Earnest](https://info.machen.cpa/blog/author/chris-earnest) on Jan 09, 2023 [![](https://info.machen.cpa/hubfs/Quickbooks%20words%20with%20computer.jpeg)](https://info.machen.cpa/blog/faqs-about-quickbooks) Almost 40 years after its launch, QuickBooks® remains the leading accounting software program for small and medium-sized businesses. If you decide to use QuickBooks for your bookkeeping needs, you may have questions about implementation and using it to run your operations. Here are answers to some basic frequently asked questions (FAQs) to help you get started. [Full Story](https://info.machen.cpa/blog/faqs-about-quickbooks) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [2023 Q1 Tax Calendar: Key Deadlines For Businesses and Other Employers](https://info.machen.cpa/blog/2023-q1-tax-calendar-key-deadlines-for-businesses-and-other-employers) ![](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 Jan 06, 2023 [![](https://info.machen.cpa/hubfs/Tax%20Calendar%20Q1-1.jpeg)](https://info.machen.cpa/blog/2023-q1-tax-calendar-key-deadlines-for-businesses-and-other-employers) Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. If you have questions about filing requirements, contact us. We can ensure you’re meeting all applicable deadlines. [Full Story](https://info.machen.cpa/blog/2023-q1-tax-calendar-key-deadlines-for-businesses-and-other-employers) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [The Standard Business Mileage Rate Is Going Up in 2023](https://info.machen.cpa/blog/the-standard-business-mileage-rate-is-going-up-in-2023) ![](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 Jan 05, 2023 [![](https://info.machen.cpa/hubfs/Car%20mileage-1.jpeg)](https://info.machen.cpa/blog/the-standard-business-mileage-rate-is-going-up-in-2023) Although the national gas price is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will increase in 2023. The IRS recently announced that the 2023 cents-per-mile rate for the business use of a car, van, pickup, or panel truck is 65.5 cents. These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles. [Full Story](https://info.machen.cpa/blog/the-standard-business-mileage-rate-is-going-up-in-2023) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Intangible Assets: How Must the Costs Incurred Be Capitalized?](https://info.machen.cpa/blog/intangible-assets-how-must-the-costs-incurred-be-capitalized) ![](https://info.machen.cpa/hubfs/Marty%20Williams%202025%20update.jpg) Posted by [Marty Williams, CPA](https://info.machen.cpa/blog/author/marty-williams-cpa) on Dec 16, 2022 [![](https://info.machen.cpa/hubfs/Intangible%20Assets.jpeg)](https://info.machen.cpa/blog/intangible-assets-how-must-the-costs-incurred-be-capitalized) These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. **What makes intangibles so complicated?** [Full Story](https://info.machen.cpa/blog/intangible-assets-how-must-the-costs-incurred-be-capitalized) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Accounting Policies and Procedures Are Essential for Nonprofits, Too](https://info.machen.cpa/blog/accounting-policies-and-procedures-are-essential-for-nonprofits-too) ![](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 Dec 15, 2022 [![](https://info.machen.cpa/hubfs/Nonprofit-667128036-1.png)](https://info.machen.cpa/blog/accounting-policies-and-procedures-are-essential-for-nonprofits-too) Financial reporting isn’t all about profits. Not-for-profit entities can also benefit from implementing formal accounting processes. From preparing budgets and monitoring financial results to paying invoices and handling payroll tax, there’s a lot that falls under the accounting umbrella. Are these tasks, and others, being managed as efficiently at your organization as they could be? [Full Story](https://info.machen.cpa/blog/accounting-policies-and-procedures-are-essential-for-nonprofits-too) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-end to Help Qualify?](https://info.machen.cpa/blog/do-you-qualify-for-the-qbi-deduction-and-can-you-do-anything-by-year-end-to-help-qualify) ![](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 Dec 13, 2022 [![](https://info.machen.cpa/hubfs/QBI%20Deduction%201274802750-1.jpeg)](https://info.machen.cpa/blog/do-you-qualify-for-the-qbi-deduction-and-can-you-do-anything-by-year-end-to-help-qualify) If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. [Full Story](https://info.machen.cpa/blog/do-you-qualify-for-the-qbi-deduction-and-can-you-do-anything-by-year-end-to-help-qualify) Posted in [Business Tax](https://info.machen.cpa/blog/topic/business-tax) [Previous](https://info.machen.cpa/blog/topic/business-tax/page/10) [Next](https://info.machen.cpa/blog/topic/business-tax/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 (238)](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/) - [![](https://info.machen.cpa/hs-fs/file-2486483166-jpg/Machen-Blog-Image/aicpa.jpg)](http://www.aicpa.org/Pages/default.aspx) - [![](https://info.machen.cpa/hs-fs/file-2494475845-jpg/Machen-Blog-Image/bdo.jpg)](http://www.bdo.com/alliance/) - [![](https://info.machen.cpa/hs-fs/file-2494475855-jpg/Machen-Blog-Image/nacva.jpg)](http://www.nacva.com/) - [![](https://machenmcchesney.com/img/readers-choice2019.jpg)](https://oanow.upickem.net/engine/Winners.aspx?contestid=104699) - [![actbf-1](https://info.machen.cpa/hs-fs/hubfs/actbf-1.jpg?width=121&name=actbf-1.jpg)](http://www.accountingtoday.com/) - [![pa400](https://info.machen.cpa/hs-fs/hubfs/pa400.jpg?width=121&name=pa400.jpg)](http://insidepublicaccounting.com/) 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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