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. Larger Deduction Might Be Available to Businesses Providing Meals to Their Employees
2. Tax Planning Critical When Buying a Business
3. 4 Reasons Not To Borrow From Your 401(k)
4. Should Your Business Use Per Diem Rates For Travel Reimbursement?
5. 2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
6. What You Need to Know...And Do...About the Massive Equifax Cyberbreach
7. Take The Lottery Money and Run?
8. School Supplies Needed For Texas School Students
9. 2 Ways Spouse-owned Businesses Can Reduce Their Self-employment Tax Bill
10. What's New at Machen McChesney?

Larger Deduction Might Be Available to Businesses Providing Meals to Their Employees

When businesses provide meals to their employees, generally their deduction is limited to 50%. But there are exceptions. One is if the meal qualifies as a de minimis fringe benefit under the Internal Revenue Code. Continue reading.

Tax Planning Critical When Buying a Business

If you acquire a company, your to-do list will be long, which means you can’t devote all of your time to the deal’s potential tax implications. However, if you neglect tax issues during the negotiation process, the negative consequences can be serious. To improve the odds of a successful acquisition, it’s important to devote resources to tax planning before your deal closes. Continue reading.

4 Reasons Not To Borrow From Your 401(k)

401(k) loans are easy to get but should only be considered as a last resort. Continue reading.

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Should Your Business Use Per Diem Rates For Travel Reimbursement?

Updated travel per diem rates go into effect October 1. To simplify recordkeeping, they can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. Continue reading.

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2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. 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’re meeting all applicable deadlines and to learn more about the filing requirements. Continue reading. 

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What You Need to Know...And Do...About the Massive Equifax CyberbreachCan you imagine a cyberbreach affecting one-third of the U.S. population? That’s exactly what happened with the Equifax breach earlier this month, and it is important that we share the steps you should follow to best protect yourself and your family. Continue reading.

Take The Lottery Money and Run?What to expect if you win the big lottery jackpot. Continue reading.

School Supplies Needed for Texas School Students

2 Ways Spouse-owned Businesses Can Reduce Their Self-employment Tax Bill

If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which both spouses are active is typically treated by the IRS as a partnership owned 50/50 by the spouses. (For simplicity, when we refer to “partnerships,” we’ll include in our definition limited liability companies that are treated as partnerships for federal tax purposes.) 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.