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Returning Value Blog

Back to School Sales Tax Holiday Weekend for 2024

Posted by Michael D. Machen, CPA, CVA on Jul 18, 2024

This year the State of Alabama will participate in the Back-to-School Sales Tax Holiday Weekend at 12:01 a.m. Friday, July 19, 2024, and ending at midnight Sunday, July 21, 2024. Alabama’s 19th annual sales tax holiday for school-related items allows shoppers to purchase certain school supplies, computers, books, and clothing free of the state’s four percent sales or use tax.

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Posted in News & Events

Inflation Reduction Act Provisions of Interest to Small Businesses

Posted by Marty Williams, CPA on Sep 01, 2022

The Inflation Reduction Act (IRA), signed into law by President Biden on August 16, contains many provisions related to climate, energy, and taxes. There has been a lot of media coverage about the law's impact on large corporations. For example, the IRA contains a new 15% alternative minimum tax on large, profitable corporations. And the law adds a 1% excise tax on stock buybacks of more than $1 million by publicly traded U.S. corporations.

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Posted in Business Advisory, Business Tax, News & Events

Senate Approves Inflation Reduction Act With Changes to Tax Provisions

Posted by Marty Williams, CPA on Aug 11, 2022

Twelve days after Sens. Joe Manchin (D-WV) and Charles Schumer (D-NY) announced that they had reached agreement on a healthcare, climate, and tax bill, the U.S. Senate on August 7 approved the Inflation Reduction Act on a party-line vote, with all 50 Democratic Senators voting for the legislation and all Republicans voting against it, and Vice President Kamala Harris casting the decisive 51st vote in favor.

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Posted in News & Events

Back to School Sales Tax Holiday Weekend for 2022

Posted by Michael D. Machen, CPA, CVA on Jul 14, 2022

This year the State of Alabama will be participating in the Back-to-School Sales Tax Holiday Weekend beginning at 12:01 a.m. Friday, July 15, 2022, and ending at midnight Sunday, July 17, 2022. Alabama’s 17th annual sales tax holiday for school-related items allows shoppers to purchase certain school supplies, computers, books, and clothing free of the state’s four percent sales or use tax.

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Posted in News & Events

How COVID-19 Changed the Life Insurance Industry

Posted by Nick Wheeler, CPA on Jun 16, 2022

As the COVID-19 pandemic wears on, trends in the life insurance industry remain unpredictable. Policy sales have changed substantially, payouts have soared to levels not seen in over a century, and clients have grown more accustomed to personalized digital experiences. As COVID-19 vaccination rates rise and the economic recovery continues, life insurers are embracing new digital practices to meet a new set of customer expectations.

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Posted in News & Events

The Rise of Electric Vehicles

Posted by Michael D. Machen, CPA, CVA on Mar 18, 2022

Convergence of the Industry

The automotive industry is experiencing a convergence of disruptions unlike any seen since 1910. Autonomous, connectivity, electrification, mobility, and subscription business models are reshaping the automotive industry and creating a frenzy of activity.

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Posted in Business Advisory, News & Events

Real Estate in the Rear View + Outlook for 2022

Posted by Michael D. Machen, CPA, CVA on Feb 23, 2022

2021 was the first full year that the global economy cycled through the pandemic. What were the predictions going into 2021, and where did we actually end up? Here we take a look at how the real estate and construction industries fared last year and where they’re headed in 2022.

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Posted in Business Advisory, News & Events

Machen McChesney Voted as Best Accountant for Readers' Choice Awards.

Posted by Michael D. Machen, CPA, CVA on Nov 15, 2017

For 12 years running 

Opelika-Auburn News proudly presents the winners of the 18th annual Readers’ Choice Awards. Machen McChesney was voted the best accounting firm in East Alabama by Opelika-Auburn News readers. Machen McChesney has had the great fortune to have been voted the best accounting firm every year since the inception of the best accountant category.

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Posted in News & Events

Machen McChesney Announces Promotions of Four New Partners.

Posted by Marty Williams, CPA on Nov 14, 2017

Machen McChesney, one of the region’s leading CPA and business advisory firms, announces it has named Louis Hawkins, CPA, Jessica L. Pagan, CPA, Lesley L. Price, CPA, and Nick Wheeler, CPA new partners effective January 1, 2018.

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Posted in News & Events

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