Hi from all of us at Machen McChesney,

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. What Does a Software Developer and Manufacturer Have in Common?
2. Evaluating a Franchise Business Plan
3. Eight Tax Moves to Make at Midyear 
4. Revenue Recongition Update: FASB Clarifies Standard for Licenses of IP and Performance Obligations
5. Substantial Accounting Changes Likely for Nonprofits

What Does a Software Developer and a Manufacturer Have in Common?

Until recently, software development and manufacturing have been very different industries. Under the recent Internal Revenue Code Section 199, Domestic Production Activity Deduction (DPAD), these industries may be meeting the same definition. This could mean a significant permanent tax deduction for software developers. Continue reading.

Evaluating a Franchise Business Plan

It is hard to open a business and turn it into a successful operation. Despite the best efforts of entrepreneurs, a vast number of new businesses in the United States fail each year. Instead of starting from scratch, you or another family member might search for a ready-made franchise. There are thousands of them in the marketplace, ranging from McDonald’s to Jiffy Lube to Fantastic Sams hair salons. Continue reading.

Eight Tax Moves to Make at Midyear

The summer is not just the season for recreation and relaxation. It can also be the time to reduce your 2015 tax liability. Here are eight prime examples for individuals and small-business owners. Continue reading.

Revenue Recognition Update: FASB Clarifies Standard for Licenses of IP and Performance Obligations

In May 2014, the FASB issued ASU 2014-091 (the new revenue standard), establishing a comprehensive revenue recognition standard for virtually all industries in U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. Continue reading.

Substantial Accounting Changes Likely for Nonprofits

More than two decades have passed since nonprofit organizations have seen any significant changes to their accounting procedures. The well-known procedures will change if recently issued proposals by the Financial Accounting Standards Board (FASB) are adopted and implemented. 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.