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. Minding The Compliance Requirements Of An NQDC Plan 
2. Could a Cost Segregation Study Help You Accelerate Depreciation Deductions?
3. Supervisors Promoted From Within Call For Special Care
4. 5 Steps to State Sales/Use Tax Compliance in the Wake of Wayfair
5. Should Cloud Computing Setup Costs be Expensed or Capitalized?
6. Tax-free Fringe Benefits Help Small Businesses and Their Employees
7. Audit Opinions: How Your Financial Statements Measure Up
8. Now's The Time To Review Your Business Expenses
9. Selling Your Business? Defer — and Possible Reduce  — Tax With an Installment Sale
10. Starting Slow With a SIMPLE IRA
11. What's New at Machen McChesney

Minding The Compliance Requirements Of An NQDC Plan

To maintain their lifestyles in retirement, many top execs would like to set aside more dollars annually than is allowed under a qualified plan, such as a 401(k). One way an employer can help them do so is by setting up a nonqualified deferred compensation (NQDC) plan. Continue reading. 

Could a Cost Segregation Study Help You Accelerate Depreciation Deductions?

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the potential benefits are now even greater due to enhancements to certain depreciation-related breaks under the Tax Cuts and Jobs Act (TCJA). Continue reading.

Supervisors Promoted From Within Call For Special Care

Should Cloud Computing Setup Costs be Expensed or Capitalized?

Companies will be able to capitalize or spread out the costs of, setting up pricey business systems that operate on cloud technology under an update to U.S. Generally Accepted Accounting Principles (GAAP). Here are the details. Continue reading.   

Tax-free Fringe Benefits Help Small Businesses and Their Employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. Continue reading. 

Audit Opinions: How Your Financial Statements Measure Up

Audit opinions differ depending on the information available, financial viability, errors discovered during audit procedures and other limiting factors. The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules and likely to continue operating as a going concern. Continue reading. 

Now's The Time To Review Your Business Expenses

As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Continue reading.

Selling Your Business? Defer — and Possibly Reduce — Tax With an Installment Sale

You’ve spent years building your company and now are ready to move on to something else, whether launching a new business, taking advantage of another career opportunity or retiring. Whatever your plans, you want to get the return from your business that you’ve earned from all of the time and money you’ve put into it. Continue reading.

Starting Slow With a SIMPLE IRA

For certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company owner may feel that providing a full-blown 401(k) plan is his or her only choice, but that’s far from true. 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.