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. Roundup of "Dirty Dozen" Tax Scams
2. Effect of a Border Adjustment Tax on the U.S. Economy
3. Tips for Preventing Fraud at Smaller Nonprofit Organizations
4. IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures
5. What You Need to Know About Section 529 Plans
6. Tips to Optimize the Value of Your Privately Held Company
7. What's New at Machen McChesney?

Roundup of "Dirty Dozen" Tax Scams

The IRS recently released ints annual list of "Dirty Dozen" tax scams to watch out for in 2017. Here is a rundown gleaned from the IRS summary. Continue reading.

Effect of a Border Adjustment Tax on the U.S. Economy

As the Trump administration and the House Republicans put the finishing touches on their tax package, one component remains front and center—the border adjustment, a proposal to change the ways goods and service are taxed depending on where they are manufactured and where they are consumed. Let’s take a closer look at what is being proposed and what effect it might have on U.S. companies. Continue reading.

Tips for Preventing Fraud at Smaller Nonprofit Organizations

In any business, or with any institution or organization, fraud often occurs when the person or persons charged with overseeing funds steal those funds after they’ve already been deposited into the organization’s checking account. This fraud occurs by what is known as theft by disbursements. Continue reading.

IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures

April 19, 2017, the Internal Revenue Service issued Revenue Procedure 2017-30 to update the list of automatic changes in methods of accounting to which the automatic change procedures under Rev. Proc. 2015-13 applies.  In addition to adding three new automatic accounting method changes, the Rev. Proc. modifies existing automatic method changes, removes certain obsolete method changes, and provides limited transition rules. Continue reading.

What You Need to Know About Section 529 PlansHow will you ever save enough money to pay for your children’s college educations? There are no absolute guarantees, but Section 529 plans may help you set aside funds, up to generous limits. Here are the answers to several common questions on this subject. Continue reading. 

Tips to Optimize the Value of Your Privately Held CompanySay you currently have a direct ownership interest in a privately held company. Or, perhaps your company granted you stock options, stock appreciation rights, or some other type of stock-based compensation. Whatever the circumstances may be, you may consider yourself fortunate; but do you really know what your business interest is worth? 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.