--- title: Machen McChesney Blog | Taxation description: Taxation | --- [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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[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 ## [Increase Your Current Business Deductions Under Tangible Property Safe Harbors](https://info.machen.cpa/blog/increase-your-current-business-deductions-under-tangible-property-safe-harbors) ![](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 Feb 04, 2026 [![](https://info.machen.cpa/hubfs/SafeHarbor-social.jpg)](https://info.machen.cpa/blog/increase-your-current-business-deductions-under-tangible-property-safe-harbors) Did your business make repairs to tangible property, such as buildings, equipment, or vehicles, in 2025? Such costs may be fully deductible on your 2025 income tax return — if they weren’t actually for “improvements” that must be depreciated over a period of years. [Full Story](https://info.machen.cpa/blog/increase-your-current-business-deductions-under-tangible-property-safe-harbors) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [Back to Basics: A Practical Playbook for Reporting PPE](https://info.machen.cpa/blog/back-to-basics-a-practical-playbook-for-reporting-ppe) ![](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 24, 2025 [![](https://info.machen.cpa/hubfs/Equipment%20-2195986638-1.jpeg)](https://info.machen.cpa/blog/back-to-basics-a-practical-playbook-for-reporting-ppe) Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant, and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful lives. While that sounds easy enough, subtle nuances may trip up small businesses. Here are some tips to help get it right. [Full Story](https://info.machen.cpa/blog/back-to-basics-a-practical-playbook-for-reporting-ppe) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [House GOP Unveils Extensive List of Proposed Tax Changes](https://info.machen.cpa/blog/house-republicans-float-long-list-of-potential-tax-measures) ![](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 14, 2025 [![](https://info.machen.cpa/hubfs/White%20House-1946528736-1.jpeg)](https://info.machen.cpa/blog/house-republicans-float-long-list-of-potential-tax-measures) Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which would help pay for the extension of the expiring provisions of the Tax Cuts and Jobs Act of 2017 and set President Donald Trump’s tax policy agenda. [Full Story](https://info.machen.cpa/blog/house-republicans-float-long-list-of-potential-tax-measures) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [2024 Presidential Election: What's at Stake for the Asset Management Industry](https://info.machen.cpa/blog/2024-presidential-election-whats-at-stake-for-the-asset-managment-industry) ![](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 Sep 13, 2024 [![](https://info.machen.cpa/hubfs/Election%202024%20-2167037324-1.jpeg)](https://info.machen.cpa/blog/2024-presidential-election-whats-at-stake-for-the-asset-managment-industry) The 2024 election is likely to profoundly impact tax policy and legislation. Once the dust settles on the results, the incoming president and Congress will have a tall task in 2025, as the expiration of several 2017 Tax Cuts and Jobs Act (TCJA) provisions will loom large, and many other tax policy proposals will be on the table. All of the moving parts have inspired pundits to refer to 2025 as a year we will see the “Super Bowl of Tax”.  [Full Story](https://info.machen.cpa/blog/2024-presidential-election-whats-at-stake-for-the-asset-managment-industry) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [A Cost Segregation Study May Cut Taxes and Boost Cash Flow](https://info.machen.cpa/blog/a-cost-segregation-study-may-cut-taxes-and-boost-cash-flow) ![](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 Dec 08, 2023 [![](https://info.machen.cpa/hubfs/depreciation%20-1474046906-1.jpeg)](https://info.machen.cpa/blog/a-cost-segregation-study-may-cut-taxes-and-boost-cash-flow) Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider a cost segregation study. It may allow you to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. [Full Story](https://info.machen.cpa/blog/a-cost-segregation-study-may-cut-taxes-and-boost-cash-flow) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [Common Accounting Pitfalls for Startups to Avoid](https://info.machen.cpa/blog/common-accounting-pitfalls-for-startups-to-avoid) ![](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 09, 2023 [![](https://info.machen.cpa/hubfs/startup%20with%20light%20bulbs%20and%20words.jpeg)](https://info.machen.cpa/blog/common-accounting-pitfalls-for-startups-to-avoid) Accounting is a critical element when launching a successful business venture. Unfortunately, it’s also an area where startups tend to make mistakes. Here are some common (and avoidable) errors that entrepreneurs should watch out for. [Full Story](https://info.machen.cpa/blog/common-accounting-pitfalls-for-startups-to-avoid) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [6 Steps to Becoming Sales and Use Tax Compliant](https://info.machen.cpa/blog/6-steps-to-becoming-sales-and-use-tax-compliant) ![](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 10, 2023 [![](https://info.machen.cpa/hubfs/Sales%20and%20Use%20Tax.jpeg)](https://info.machen.cpa/blog/6-steps-to-becoming-sales-and-use-tax-compliant) Most U.S. states require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence, only an economic presence within their state. Remote sellers, licensors of software, and other businesses that provide services or deliver their products to customers from a remote location must comply with state and local taxes. [Full Story](https://info.machen.cpa/blog/6-steps-to-becoming-sales-and-use-tax-compliant) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [2022 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers](https://info.machen.cpa/blog/2022-q3-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 Jun 27, 2022 [![](https://info.machen.cpa/hubfs/Q3%20picture-1.jpg)](https://info.machen.cpa/blog/2022-q3-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 third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. [Full Story](https://info.machen.cpa/blog/2022-q3-tax-calendar-key-deadlines-for-businesses-and-other-employers) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [Biden Administration's FY 2023 Budget Plan Calls for Corporate, High-Net-Worth Individuals Tax Hikes](https://info.machen.cpa/blog/biden-administrations-fy-2023-budget-plan-calls-for-corporate-high-net-worth-individuals-tax-hikes) ![](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 Apr 21, 2022 [![](https://info.machen.cpa/hubfs/The%20word%20Budget%20-497715681-1.jpeg)](https://info.machen.cpa/blog/biden-administrations-fy-2023-budget-plan-calls-for-corporate-high-net-worth-individuals-tax-hikes) The Biden administration’s [fiscal year 2023 budget](https://www.whitehouse.gov/wp-content/uploads/2022/03/budget_fy2023.pdf) blueprint, released on March 28, consists of a mix of familiar proposals and brand-new initiatives that reflect the President’s policy objectives. The proposals are described in more detail in the General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals, commonly referred to as the “[Green Book](https://home.treasury.gov/system/files/131/General-Explanations-FY2023.pdf),” that was released with the budget, and include the President’s now-familiar calls for increasing the top corporate tax rate to 28% and the top individual rate to 39.6%. [Full Story](https://info.machen.cpa/blog/biden-administrations-fy-2023-budget-plan-calls-for-corporate-high-net-worth-individuals-tax-hikes) Posted in [Tax Updates](https://info.machen.cpa/blog/topic/tax-updates), [Taxation](https://info.machen.cpa/blog/topic/taxation) ## [2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers](https://info.machen.cpa/blog/2022-q2-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 Apr 08, 2022 [![](https://info.machen.cpa/hubfs/Q2%202022%20image%20for%20blog-1.jpg)](https://info.machen.cpa/blog/2022-q2-tax-calendar-key-deadlines-for-businesses-and-other-employers) Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. [Full Story](https://info.machen.cpa/blog/2022-q2-tax-calendar-key-deadlines-for-businesses-and-other-employers) Posted in [Taxation](https://info.machen.cpa/blog/topic/taxation) [Next](https://info.machen.cpa/blog/topic/taxation/page/2) 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 (240)](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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