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Returning Value Blog

Marty Williams, CPA

Marty Williams has worked in the accounting profession for 27 years, almost all of which has been at Machen McChesney where he specializes in tax, 1031 exchanges and business advisory services. Industries expertise includes construction, manufacturing, real estate, professional services and healthcare. In addition to firm management, Marty works with business core processes and the Business Tax and Business Advisor Services groups on ways to consistently return value to Machen McChesney clients.

Recent Posts

Tax Planning Critical When Buying a Business

Posted by Marty Williams, CPA on Sep 05, 2017

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.

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Posted in Business Advisory

One Big, Happy Family Business

Posted by Marty Williams, CPA on Aug 17, 2017

How to compensate nonfamily employees in a family business.

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Posted in Business Advisory

Tax Angles for Self-employed Individuals

Posted by Marty Williams, CPA on Jul 20, 2017

Numerous tax aspects to consider

Being self-employed has its advantages and disadvantages. As the person in charge of your business affairs, you can set your own schedule and generally have more flexibility than someone in a 9-to-5 job. On the other hand, you are fully responsible for the bottom line, often with little or no backup to rely on.

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Posted in Individual Tax

Seven Midyear Strategies in Vogue

Posted by Marty Williams, CPA on Jun 19, 2017

Popular ideas for individuals and businesses

While the climate for tax reform remains uncertain, individual taxpayers and small-business owners are advised to act based on the current laws of the land, unless there is a definite change. Keeping that in mind, here are seven ideas to consider as we head into summer.

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Posted in Individual Tax

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

Posted by Marty Williams, CPA on May 17, 2017

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.

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Posted in Business Tax

Effects of Potential Tax Reform on the Real Estate Industry

Posted by Marty Williams, CPA on May 08, 2017

Now that the dust of a contentious presidential election cycle is settling, tax reform may be more likely in 2017 than in past years.

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Posted in Business Tax

Unlock Deductions for a Home Office

Posted by Marty Williams, CPA on Jan 24, 2017

Comparing two tax return methods

Do you operate a business out of your home? It could be your main line of work, and your only source of business income, or just a sideline activity. Depending on your circumstances, you may be entitled to a generous tax deduction for this “home office” on your 2016 tax return.

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Posted in Individual Tax

2016 Year-End Tax Planning for Individuals and Businesses

Posted by Marty Williams, CPA on Dec 21, 2016

As 2016 draws to a closethe time to consider tax-saving opportunities for you and/or your business is before year-end. Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. You may want to consider opportunities to reduce or defer your annual tax obligation. Also, if you own a business, some opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or a regular corporation. Other opportunities may apply only to a particular type of business organization. These Tax Planning Letters are intended to assist you in your individual and business tax planning efforts.

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Posted in Tax Planning

How to Use the Safe Harbor Election for Capital Expenditures

Posted by Marty Williams, CPA on Dec 16, 2016

Does your manufacturing company plan to purchase equipment or machinery early in 2017? If so, it is worth considering the timing of when you purchase that equipment for the best tax savings. It all has to do with something called the de minimis safe harbor election.

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Posted in Business Tax

Structuring Like-Kind Exchange Transactions Outside of Revenue Procedure's 2000-37 Safe-Harbor

Posted by Marty Williams, CPA on Nov 11, 2016

Summary

On August 10, 2016, in the case of Estate of George H. Bartell Jr. et al. v. Commissioner, 147 T.C. No. 5, the Tax Court approved a reverse section 1031 exchange where the safe harbor tests under Revenue Procedure 2000-37 (“Rev. Proc. 2000-37”) were not met. The case and the court’s reasoning may support alternatives for structuring reverse exchanges that, for whatever reason, cannot meet the safe harbor.
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Posted in Business Tax

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