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
- Accelerated Due Date for Form 1099-MISC
- Are your Social Security Benefits Taxable?
- Top Three Tax Planning Ideas for Startup Companies
- Did You Know?...
- Unlock Deductions for a Home Office
- President Obama Signed Bill that Eliminates the ACA Penalty on Certain Health Care Premiums Reimbursed to Employees
- What's New at Machen McChesney
Accelerated Due Date for Form 1099-MISC
Business owners beware
Are your Social Security Benefits Taxable?
Did You Know? ...
Machen McChesney has been providing business owners peace of mind by assisting them in a wide array of challenges that exist. We understand that running a business can present a challenging endeavor for any individual to pursue on their own. Our professionals have spent years honing expertise in a wide range of business advisory services and will look for ways to add value to your business.
Machen McChesney introduces the business advisory group. With a combined experience of 60 years, this group is dedicated to providing this specialized service to business owners. Contact us today.
Unlock Deductions for a Home Office
Comparing two tax return methods
Do you operate a business out of your home? It could be your main line of work, and your only source of business income, or just a sideline activity. Depending on your circumstances, you many be entitled to a generous tax deduction for this "home office" on your 2016 tax return. Continue reading.
President Obama Signed Bill that Eliminates the ACA Penalty on Certain Health Care Premiums Reimbursed to Employees
On December 13, 2016, President Obama signed the 21st Century Cures Act, which allows certain small employers to establish a new type of health reimbursement arrangement that reimburses for health insurance premiums without exposure to the $100 dollar per day penalty under the Affordable Care Act ("ACA"). Under these new rules, small business owners are permitted to compensate employees for medical visits or the cost of individual insurance premiums up to an annual limit of $4,950 for individuals, or $10,000 for families. These reimbursements are also excludible from the employee's gross income. 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.
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If you have any questions on the topics above, please feel free to
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Thanks,
Machen McChesney