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. 2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
2. Hiring Your Child to Work at Your Business This Summer
3. Is an ESOP the Right Choice for Your Company?
4. Bookkeeping Provides a Solid Foundation for Financial Reporting
5. Be Aware of the Tax Consequences of Selling Business Property
6. If Your Business Has Co-Owners, You Probably Need a Buy-Sell Agreement
7. Consider Borrowing From Your Corporation But Structure the Deal Carefully
8. What's New at Machen McChesney

2024 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 2024. 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. Continue reading.

Hiring Your Child to Work at Your Business This Summer

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could reap some tax advantages. Continue reading.

Is an ESOP the Right Choice for Your Company?

Employee stock ownership plans have been in the headlines recently, but they have been around for decades. ESOPs are qualified defined contribution plans in the form of stock bonus plans or stock purchase/money purchase plans. They are governed by Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act, also known as ERISA. Continue reading.

Bookkeeping Provides a Solid Foundation for Financial Reporting

If Your Business Has Co-Owners, You Probably Need a Buy-Sell Agreement

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted agreement can do these valuable things: Continue reading. 

Consider Borrowing From Your Corporation But Structure the Deal Carefully

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. However, it’s important to avoid certain risks and charge an adequate interest rate. 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.