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. Business Driving Deductions: A Fork in the Road 
2. Don't Ignore the Embezzlement Threat
3. Don't Fall Prey to Popular Income Tax Scams in 2017
4. Free E-Book: 10 Tax Saving Tips for You and Your Business
5. Understanding Wage Reporting and Withholding Requirements for Foreign Employees
6. Make Tax Plans for Vacation Home Rental
7. What's New at Machen McChesney?

Business Driving Deductions: A Fork in the Road

Compare actual expenses with flat-rate method

Did you use your vehicle for business driving in 2016? Generally, you can deduct expenses on your tax return in one of two ways: the actual expense method or the IRS-approved standard mileage rate. Here is a brief comparison: Continue reading. 

Don't Ignore the Embezzlement Threat

Small business owners must remain alert

It seems to be in the news every other day. A trusted longtime employee is found guilty of embezzling money from his or her employer. This may give you momentary pause, but then it is likely that you will simply continue to go about your business. After all, this cannot happen to you—can it? Continue reading.

Don't Fall Prey to Popular Income Tax Scams in 2017

Sadly, tax scams are a never-ending problem, and each year, we see a new crop emerge. While tactics may differ from one scam to another, each uses deception to try and separate you from your money—and in doing so, cause significant financial and personal harm. Continue reading.

Free E-Book:10 Tax Saving Tips for You and Your Business

Understanding Wage Reporting and Withholding Requirements for Foreign EmployeesIf your business utilizes foreign employees (aka, aliens), it is critical that you correctly comply with IRS regulations concerning payments to foreign workers. Understanding and complying with these regulations is crucial. Still, businesses of nearly every size and scope seem to struggle with correctly reporting these kinds of wages. Continue reading. 

Make Tax Plans for Vacation Home Rental

How to maximize the tax benefits

The summer rental season is about to kick off. If you own a vacation home in a resort area that you rent out while your family is not using it, you may be in line for valuable tax deductions. In fact, you might even qualify for a tax loss on the deal, but you must be careful to observe the complex tax rules. 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.