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. 

Happy Independence Day!! Enjoy the day with family and friends.

Table of Content

1. Starting Your ESG Journey: Pave the Way for a Sustainable, Resilient Future"
2. Is QuickBooks Right for Your Nonprofit?
3. Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions
4. Use the Tax Code to Make Business Losses Less Painful
5. 2023 Q3 Tax Calendar: Key Deadlines for Business and Other Employers
6. The Employee Retention Credit: What Taxpayers Need to Know
7. Why Can't My Profitable Business Pay Its Bills?
8. Have Qualified Small Business Stock? Consider Section 1202 as Part of Your Estate and Trust Planning
9. What's New at Machen McChesney

Starting Your ESG Journey: Pave the Way for a Sustainable, Resilient Future

Each company’s path toward sustainability is unique but effective environmental, social, and governance (ESG) strategies and programs have something in common — they help companies better navigate uncertainty and cultivate resiliency. Continue reading.

Is QuickBooks Right for Your Nonprofit?

Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still need to monitor their financial health — that is, how much funding is coming in from donations and grants and how much the organization is spending on payroll, rent, and other operating expenses. Continue reading.

Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But should you? It’s not as simple as it may seem. Continue reading. 

2023 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 2023. 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. 

The Employee Retention Credit: What Taxpayers Need to Know

The U.S. government has repeatedly revised the requirements for U.S. taxpayers to claim the Employee Retention Credit ("ERC"), also commonly known as the Employee Retention Tax Credit, since its initial codification into law. As a result, many eligible taxpayers have been left uncertain as to whether they may properly claim this often-valuable tax credit. Because there is a strict statute of limitations on claiming the ERC, potentially eligible taxpayers that have not already claimed the ERC should review their eligibility under current U.S. law as soon as possible. Continue reading.

Why Can't My Profitable Business Pay Its Bills?

If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash flow, leading to shortfalls in the checking account. The truth is that there are many reasons these numbers might differ. Continue reading.

Have Qualified Small Business Stock? Consider Section 1202 as Part of Your Estate and Trust Planning

Tax Strategist Insight

For individuals seeking to minimize taxes while also transferring wealth to the next generation, the income tax benefits provided under Internal Revenue Code Section 1202 can match up well with estate planning efforts. Section 1202 permits a taxpayer other than a corporation to exclude from taxable income a specified percentage of gain – and potentially the entire gain – from the sale or exchange of “qualified small business stock” (QSBS) held for more than five years. In addition, with proper planning, each recipient of a gift of QSBS is also eligible for the gain exclusion. 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.