Not rendering correctly? View this email as a web page here.
The Value Report - Machen McChesney Business Advisory Insights

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. 4 Ways Corporate Business Owners Can Help Ensure Their Compensation is "Reasonable"
  2. How to Use QuickBooks as a Fraud Detection Tool
  3. Preparing for Healthcare's Regulatory Environment Shift
  4. Optimizing the Internal Audit Process for Greater Efficiency
  5. Overview of Discontinued Operations Reporting
  6. If You're Hiring Independent Contractors, Make Sure They're Properly Handled
  7. Achieving the Right Balance of Working Capital
  8. The Year Ahead in Hospitality: Embracing Opportunities, Mitigating Risk
  9. What's New at Machen McChesney

4 Ways Corporate Business Owners Can Help Ensure Their Compensation Is "Reasonable"

compensation with a money bag

If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but not dividend payments. Therefore, if funds are paid as dividends, they’re taxed twice, once to the corporation and once to the recipient. Money paid out as compensation is only taxed once — to the employee who receives it. Continue reading.


How to Use QuickBooks as a Fraud Detection Tool

Fraud -1405013101-1

Many businesses and nonprofits use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software’s capabilities extend beyond organizing and streamlining your company’s accounting. QuickBooks can also help you detect fraud. Here’s an overview of the software’s fraud detection and prevention features: Continue reading.


Preparing for Healthcare's Regulatory Environment Shift

Healthcare -1021545242-1

Healthcare providers are approaching a major regulatory shift. On May 11, the Federal Public Health Emergency (PHE) for the COVID-19 pandemic will lapse, ending or sunsetting regulatory changes which greatly benefited providers during the pandemic.. Continue reading. 


Optimizing The Internal Audit Process for Greater Efficiency

audit -465274451-1

In the current economic environment, companies are looking for ways to gain efficiencies within their Internal Audit processes and procedures. The use of Technology and Data Analytics have transformed the Internal Audit function by enabling: Continue reading   


Overview of Discontinued Operations Reporting

Discontinued -1159417839-1

Traditional business models in many sectors have been disrupted by the COVID-19 pandemic, geopolitical uncertainty, rising costs, and falling consumer confidence. If your company is planning a major strategic shift this year, management may need to comply with the updated accounting rules for reporting discontinued operations that went into effect in 2015. Continue reading


If You're Hiring Independent Contractors, Make Sure They're Properly Handled

Independent Contractor-1124400624-1

Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be an expensive mistake. Continue reading.


Achieving the Right Balance of Working Capital

Cash Flow -1411224388-1

Working capital — the funds your company has tied up in accounts receivable, accounts payable, and inventory — is a critical performance metric. During times of rising inflation and interest rates, managers search for ways to free up cash and eliminate waste. However, determining the optimal amount of working capital can sometimes be challenging. Continue reading.


The Year Ahead in Hospitality: Embracing Opportunities, Mitigating Risk

welcome -928808514-1

Three years after the onset of the coronavirus pandemic, the hospitality industry, like others, is still recovering. Though 2022 saw some significant growth with a public eager to travel for leisure, particularly to locations offering unique experiences, the pandemic has markedly changed business travel patterns and consumer behavior. An ongoing labor shortage and emerging competition from resort hospitality locations have further strained some hospitality markets still adapting to shifting consumer demands. Continue reading.


What's New at Machen McChesney?

iStock-Whats New-41667068_LARGE-1

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. 

Please feel free to visit our website or visit our blog at any time during the month to interact with additional valuable resources and helpful information.
 
If you have any questions on the topics above, please feel free to send us a message.
 
Thanks,
Machen McChesney 
Share our insights with your connections:
   

Montgomery: 1784 Taliaferro Trail, Suite A | Montgomery AL 36117

machen.cpa

You received this email because you are subscribed to Monthly E-Newsletters from Machen McChesney.

Update your email preferences to choose the types of emails you receive.

 Unsubscribe from all future emails