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. The Pros and Cons of Interim Reporting
2. Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
3. M&A Transactions: Avoid Surprises from the IRS
4. Private Companies: Beware of SEC Scrutiny
5. It's a Good Time to Buy Business Equipment and Other Depreciable Property
6. Let's Find a Better Way to Manage Your Receivables
7. Businesses Can Utilize the Same Information IRS Auditors Use to Examine Tax Returns
8. Take a Closer Look at Home Office Deductions
9. What's New at Machen McChesney

The Pros and Cons of Interim ReportingThe Securities and Exchange Commission (SEC) requires certain public companies to publish quarterly financial statements to give investors insight into midyear performance. Though interim reporting generally isn’t required for private companies, stakeholders in smaller entities can benefit even more than those of public companies from this type of information. But it’s also important to understand the potential shortcomings. Continue reading.

Bartering: A Taxable Transaction Even If Your Business Exchanges No CashSmall businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is taxable income. And if you exchange services with another business, the transaction results in taxable income for both parties. Continue reading.

M&A Transactions: Avoid Surprises from the IRSIf you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited. Continue reading.  

It's a Good Time to Buy Business Equipment and Other Depreciable PropertyThere’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Continue reading. 

Let's Find a Better Way to Manage Your ReceivablesFailure to collect accounts receivable (AR) in a timely manner can lead to myriad financial problems for your company, including poor cash flow and the inability to pay its own bills. Here are five effective ideas to facilitate more timely collections: Continue reading.  

Businesses Can Utilize the Same Information IRS Auditors Use to Examine Tax Return

Take a Closer look at Home Office DeductionsWorking from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return. Deductions for these expenses can save you a bundle if you meet the tax law qualifications. 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.