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. Three Key Supply Chain Management Questions for 2023
2. Protect the "Ordinary and Necessary" Advertising Expenses of Your Business
3. Three Key Considerations for Nonprofits in 2023
4. Close-up on Sources of Substantive Audit Evidence
5. 2023 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers
6. Changes in Sec. 174 Makes It a Good Time to Review R&E Strategy of Your Business.
7. IRS Drastically Expands Electronic Filing Requirement for 2023 Tax and Information Returns
8. HUBZone Program: Still Available, Changes Coming
9. What's New at Machen McChesney

Three Key Supply Chain Management Questions for 2023

Manufacturers will continue to face supply chain headwinds in 2023, a cause for concern following a turbulent few years. Economic uncertainty, supply shortages, rising costs, and frustrated customers threaten to impede growth. Continue reading.

Protect the "Ordinary and Necessary" Advertising Expenses of Your Business

Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes. Continue reading.

Three Key Considerations for Nonprofits in 2023

Last year presented nonprofits with many challenges that will persist into 2023. Ongoing economic volatility, inflation-driven increases in operating costs, and intense competition for talent are among key issues that continue to threaten organizations’ operational and financial wellbeing. Continue reading. 

2023 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second 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 meet all applicable deadlines and learn more about the filing requirements. Continue reading. 

Changes in Sec. 174 Makes It a Good Time to Review the R&E Strategy of Your Business

It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision that took effect last year was the end of current deductibility for research and experimental (R&E) expenses. Continue reading.

IRS Drastically Expands electronic Filing Requirement for 2023 Tax and Information Returns

The Internal Revenue Service finalized regulations on February 23, 2023, significantly expanding mandatory electronic filing of tax and information returns that require almost all returns filed on or after January 1, 2024, to be submitted to the IRS electronically instead of on paper. Continue reading.

HUBZone Program: Still Available, Changes Coming

In a nutshell, according to the SBA, the HUBZone program fuels small business growth in historically underutilized business zones. The idea is to award at least 3% of federal contract dollars to eligible companies each year. 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.