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Jessica L. Pagan, CPA

Jessica Pagan has worked with Machen McChesney since 2003. She specializes in reviews, business and individual tax and construction accounting. She participates in core processes, mentoring and training at the firm.

Recent Posts

Getting Around the $25 Deduction Limit For Business Gifts

Posted by Jessica L. Pagan, CPA on Nov 20, 2017

At this time of year, it’s common for businesses to make thank-you gifts to customers, clients, employees and other business entities and associates. Unfortunately, the tax rules limit the deduction for business gifts to $25 per person per year, a limitation that has remained the same since it was added to law back in 1962. Fifty-five years later, the $25 limit is unrealistically small in many business gift-giving situations. Fortunately, there are a few exceptions.

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Posted in Business Tax

Tax Relief on Tap for Disaster Victims

Posted by Jessica L. Pagan, CPA on Nov 01, 2017

How to qualify for casualty loss deductions

Catastrophic events, such as hurricanes Harvey and Irma—or tornados, earthquakes, wildfires and the like—can severely damage your personal or business property. Small consolation: You may be entitled to deduct a casualty loss on your tax return.

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Posted in Individual Tax

Which Tax-advantaged Health Account Should Be Part Of Your Benefits Package?

Posted by Jessica L. Pagan, CPA on Oct 17, 2017

On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses. Also available are Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Which one should you include in your benefits package? Here’s a look at the similarities and differences:

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Posted in Business Advisory

Tax Break Helps Storm Survivors

Posted by Jessica L. Pagan, CPA on Oct 02, 2017

 

How to claim the casualty loss deduction after a disaster.

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Posted in Individual Tax

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

Posted by Jessica L. Pagan, CPA on Sep 20, 2017

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.

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Posted in Business Tax

How Caregivers Can Catch a (Tax) Break

Posted by Jessica L. Pagan, CPA on Aug 25, 2017

Ways to ease the financial burden of caring for elderly relatives.

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Posted in Individual Tax

New HRA Heals Health Care Reimbursement Pain

Posted by Jessica L. Pagan, CPA on Aug 11, 2017

Small employers now have a treatment for an Affordable Care Act ailment.

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Posted in Business Advisory

All Fringe Benefits Aren't Created Equal for Tax Purposes

Posted by Jessica L. Pagan, CPA on Jul 25, 2017

According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services.” But the tax treatment of a fringe benefit can vary dramatically based on the type of benefit.

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Posted in Business Tax

Pass-through Entities Far Outnumber C Corps. Here's a Closer Look.

Posted by Jessica L. Pagan, CPA on Jul 21, 2017

95% of U.S. businesses are "pass-through" entities and 43% of those pass-throughs are sole proprietorships.

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Posted in Business Tax

2017 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Posted by Jessica L. Pagan, CPA on Jun 21, 2017

Here are some of the key tax-related deadlines affecting businesses and other employers during the third 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.

Full Story

Posted in Business Tax

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