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Michael D. Machen, CPA, CVA

Recent Posts

Machen McChesney Voted as Best Accountant for Readers' Choice Awards.

Posted by Michael D. Machen, CPA, CVA on Nov 15, 2017

For 12 years running 

Opelika-Auburn News proudly presents the winners of the 18th annual Readers’ Choice Awards. Machen McChesney was voted the best accounting firm in East Alabama by Opelika-Auburn News readers. Machen McChesney has had the great fortune to have been voted the best accounting firm every year since the inception of the best accountant category.

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Posted in News & Events

Six Ways to Improve Cash Flow

Posted by Michael D. Machen, CPA, CVA on Nov 03, 2017

Practical ideas to spur business growth

When you are running a small business, the numbers matter. This is especially true when it comes to cash flow. If you have more money going out than you have coming in, your business will not survive for very long.

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Posted in Business Advisory

Accelerate Your Retirement Savings With A Cash Balance Plan

Posted by Michael D. Machen, CPA, CVA on Oct 09, 2017

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan.

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Posted in Business Advisory

School Supplies Needed for Texas School Students

Posted by Michael D. Machen, CPA, CVA on Sep 25, 2017

Machen McChesney will serve as a drop-off location for the school supplies needed for children in Beaumont, Texas.

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Posted in Alerts

What You Need to Know…And Do…About the Massive Equifax Cyberbreach

Posted by Michael D. Machen, CPA, CVA on Sep 22, 2017

Can 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.

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Posted in Individual Tax

Could Captive Insurance Reduce Health Care Costs and Save Your Business Taxes?

Posted by Michael D. Machen, CPA, CVA on Aug 21, 2017

If your business offers health insurance benefits to employees, there’s a good chance you’ve seen a climb in premium costs in recent years — perhaps a dramatic one. To meet the challenge of rising costs, some employers are opting for a creative alternative to traditional health insurance known as “captive insurance.” A captive insurance company generally is wholly owned and controlled by the employer. So it’s essentially like forming your own insurance company. And it provides tax advantages, too.

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Posted in Business Advisory

Don't Retire Without A Succession Plan

Posted by Michael D. Machen, CPA, CVA on Jul 31, 2017

Business owners aren't as ready to retire as they should be.

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Posted in Business Advisory

3 Midyear Tax Planning Strategies for Business

Posted by Michael D. Machen, CPA, CVA on Jul 24, 2017

Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into law — back in December of 2015 — still has a significant impact on tax planning for businesses. Let’s look at three midyear tax strategies inspired by the Protecting Americans from Tax Hikes (PATH) Act:

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Posted in Business Tax

Back To School Sales Tax Holiday Weekend

Posted by Michael D. Machen, CPA, CVA on Jul 19, 2017

There are several different types of tax-free weekend events in the U.S. Some apply to Energy Star products or hurricane preparedness, or back-to-school shopping needs. This year the State of Alabama will be participating in the Back-to-School Sales Tax Holiday Weekend beginning Friday, July 21 through Sunday, July 23.

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Posted in Alerts

Machen McChesney In the Top 100 Wealth Management Blogs and Websites on the Web

Posted by Michael D. Machen, CPA, CVA on Jul 06, 2017

Machen McChesney has been chosen by Feedspot to be among the Top 100 Wealth Management blogs and websites.

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Posted in Alerts

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