Machen McChesney returns value to clients through our monthly e-newsletter, The Value Report, December 2017 edition.
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The Value Report - Machen McChesney Business Advisory Insights

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. 

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From our family to yours we send you this very special Christmas message.

Table of Content

  1. Getting Around the $25 Deduction Limit For Business Gifts
  2. Reduce Your 2017 Tax Bill By Buying Business Assets
  3. Can You Reduce 2017 Taxes by "Harvesting" Depreciated Stocks?
  4. 2017 Year-End Tax Planning for Individuals and Businesses
  5. Accrual-basis Taxpayers: These Year-end tips Could Save You Tax.
  6. 5 Tips For Companies On The Move
  7. Five Ideas for a 2018 Business Plan
  8. Should You Buy a Business Vehicle Before Year End?
  9. You Give Back. Now It's The IRS's Turn
  10. What's New at Machen McChesney?

Getting Around the $25 Deduction Limit For Business GiftsiStock-851419482-231418-edited.jpg

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. Continue reading.

Reduce Your 2017 Tax Bill By Buying Business Assets
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Two valuable depreciation-related tax breaks can potentially reduce your 2017 taxes if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as you plan your asset purchases. Continue reading.

Can You Reduce 2017 Taxes by "Harvesting" Depreciated Stocks?

IFF_HarvestLosses_IMAGE_560x292.jpgThis is the time of year to start thinking about depreciated stock, it may help you reduce your 2017 tax bill. Continue reading.
2017 Year-End Tax Planning for Individuals and Businesses
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As 2017 draws to a close, the 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. Continue reading.
Accrual-basis Taxpayers: These Year-end tips Could Save You Tax.
iStock-871373254-936870-edited.jpgWith the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Continue reading.

5 Tips For Companies On The MoveIFF_Relocate_Business_SNIPPET_560x292.jpgDo you plan to relocate or expand your business in 2018? Continue reading.

Five Ideas for a 2018 Business Plan

iStock-832199172-490740-edited.jpgIt is almost 2018... do you know where your business plan for the new year is?

Developing a business plan for the upcoming year is a laborious task, but it is often critical to the continued success of the operation. Although the details will vary from company to company, the best approach is to confront the challenges expected for the year and address the strengths and weaknesses within the organization. Conversely, if a business has a merely rudimentary plan—or even worse, no plan at all—the likelihood of real progress is diminished. Continue reading.

Should You Buy a Business Vehicle Before Year End?

iStock-628408242-744696-edited.jpgOne way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase. Continue Reading.

You Give Back. Now It's The IRS's Turn.

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Volunteers can get a tax break for unreimbursed expenses. Continue Reading.

What's New at Machen McChesney?

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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. 

Please feel free to visit our website or visit our blog at any time during the month to interact with additional valuable resources and helpful information.
 
If you have any questions on the topics above, please feel free to send us a message.
 
Thanks,
Machen McChesney 
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Montgomery: 1761 Taliaferro Trail | Montgomery AL 36117

www.machenmcchesney.com

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