At Machen McChesney, we are committed to Returning Value to you through our monthly e-newsletter, The Value Report.

Here you'll find regular tips to help with your business and personal finances, as well as strategies to grow and more efficiently run your organization. 

Table of Content

1. Many Tax Limits Affecting Businesses Have Increased for 2023
2. Have Employees Who Receive Tips? Here Are the Tax Implications
3. Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act
4. Common Accounting Pitfalls for Startups to Avoid
5. Key Tax Issues in M&A Transactions
6. Inflation Reduction Act: Costs and Benefits for Real Estate & Construction
7. Coming Soon: 5 Accounting Rules That Take Effect in 2023
8. Cost Optimization Strategies for Resilient Growth
9. What's New at Machen McChesney

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. Continue reading.

Have Employees Who Receive Tips? Here Are the Tax Implications

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels, and salons. Continue reading.

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. Continue reading. 

Key Tax Issues in M&A Transactions

Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according to S&P Global Market Intelligence. Continue reading. 

Inflation Reduction Act: Costs and Benefits for Real Estate & Construction

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. Continue reading.

Coming Soon: 5 Accounting Rules That Take Effect in 2023

It can be challenging to keep track of which accounting rules are changing when the changes kick in and for which types of entities. Plus, implementing the necessary revisions to your organization’s procedures and systems often takes time and resources. Here are five updates that go live for certain entities this year. Continue reading.

Cost Optimization Strategies for Resilient Growth

The overall economic outlook is uncertain, costs continue to rise and supply chain disruption persists. How can businesses enable new growth and find competitive advantage? Continue reading.

What's New at Machen McChesney?

Sponsorships, new hires, announcements
Continue reading. 

We hope you found value in The Value Report you've received this month. We look forward to finding even more ways to Return Value to you in the future.