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. 3 Breaks For Business Charitable Donations You May Not Know About
2. Keep Real Estate Separate From Your Business's Corporate Assets To Save Tax
3. What Does It Cost To Raise A Child In The U.S.?
4. Are You Benefitting From Expenses Related to Your Company Parties?
5. Tax Angles for Self-employed Individuals
6. Real Estate Professional - Substantiation of Participation in Activities
7. Pass-through Entities Far Outnumber C Corps. Here's a Closer Look.
8. 3 Midyear Tax Planning Strategies for Business
9. All Fringe Benefits Aren't Created Equal for Tax Purposes
10. What's New at Machen McChesney?

3 Breaks For Business Charitable Donations You May Not Know About

Donating to charity is more than good business citizenship; it can also save tax. Here are three lesser-known federal income tax breaks for charitable donations by businesses. Continue reading.

Keep Real Estate Separate From Your Business's Corporate Assets To Save Tax

It’s common for a business to own not only typical business assets, such as equipment, inventory, and furnishings but also the building where the business operates — and possibly other real estates as well. There can, however, be negative consequences when a business’s real estate is included in its general corporate assets. By holding real estate in a separate entity, owners can save tax and enjoy other benefits, too. Continue reading.

What Does It Cost To Raise A Child In The U.S.?

 Kids are expensive, but tax breaks can help parents. Continue reading.

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Are You Benefitting From Expenses Related to Your Company Parties?

Take advantage of tax deductions for company events. Continue reading. 

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 Tax Angles for Self-employed Individuals

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. Continue reading. 

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Real Estate Professional - Substantiation of Participation in Activities

Two recent Tax Court cases have examined substantiation of taxpayers' qualification as real estate professionals. Continue reading

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

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

3 Midyear Tax Planning Strategies for Business

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: Continue reading.

All Fringe Benefits Aren't Created Equal for Tax Purposes

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. 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.