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. What Businesses Need To Know About The Tax Treatment of Bitcoin And Other Virtual Currencies.
2. Auditing Related-party Transactions
3. 2 Tax Law Changes That May Affect Your Business's 401(k) Plan
4. New Tax Credit For Family and Medical Leaves
5. Which Intangibles Should Private Firms Report Following A Merger?
6. 2018 Q3 Tax Calendar: Key Deadlines For Businesses and Other Employers
7. 5 Ways To Show Your Commitment To Workplace Safety
8. Tools To Help You Reach Major Financial Goals
9. Tax Reform FAQ For Manufacturers
10. Spotlight On Auditor Independence and Hosting Arrangements
11. What's New at Machen McChesney?

What Businesses Need To Know About The Tax Treatment Of Bitcoin And Other Virtual Currencies

Auditing Related-party Transactions

Business owners generally prefer to work with entities they know and trust. But related-party transactions can provide opportunities for individuals to act in a manner that’s inconsistent with the interests of shareholders. That’s why auditors take pains to identify and properly address related-party transactions. Continue reading.

2 Tax Law Changes That May Affect Your Business's 401(k) Plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination of certain business expense deductions. But there are also a couple of recent tax law changes that you need to be aware of if your business sponsors a 401(k) plan. Continue reading.

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New Tax Credit For Family and Medical Leaves

Employers may benefit from new tax break

 

The new Tax Cuts and Jobs Act (TCJA) creates a unique tax break for certain businesses. If your company pays employees while they are out of work on a family or medical leave, it may claim a brand-new tax credit for a portion of the wages, beginning in 2018. Continue reading.

Which Intangibles Should Private Firms Report Following A Merger?

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally Accepted Accounting Principles (GAAP) can be complicated, especially if the deal involves intangible assets. Fortunately, the Financial Accounting Standards Board (FASB) offers a reporting alternative for private companies that simplifies accounting for new business combinations, avoiding a lot of red tape. Continue reading.

2018 Q3 Tax Calendar: Key Deadlines For Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2018. 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. Continue reading.

5 Ways To Show Your Commitment To Workplace Safety

Workplace safety is more than just the law; it makes good business sense. A safe workplace enables well-trained, motivated employees to stay on the job and be productive. In turn, this helps their employer operate more cost-effectively. Continue reading.

Tools To Help You Reach Major Financial Goals:

It's midyear, time to check your progress toward financial goals. Continue reading.

Tax Reform FAQ For Manufacturers

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve summarized some of the most common tax reform questions for manufacturers: Continue reading.

Spotlight On Auditor Independence and Hosting Arrangements

With Independence Day coming up, it’s a good time to check up on auditor independence issues. This is especially important in 2018. Why? New rules go into effect this fall that may warrant changes to the services provided by your audit firm. If you discover potential issues now, there’s still plenty of time to take corrective action before next year’s audit begins. 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.