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Melissa Motley, CPA

Melissa Motley has worked in the field of accounting for more than 25 years. She specializes in audit and accounting work with an emphasis in governmental audit.

Recent Posts

Auditing The Use Of Estimates and Specialists

Posted by Melissa Motley, CPA on Aug 08, 2018

Complex accounting estimates — such as allowances for doubtful accounts, impairments of long-lived assets, and valuations of financial and nonfinancial assets — have been blamed for many high-profile accounting scams and financial restatements. Estimates generally involve some level of measurement uncertainty, and some may even require the use of outside specialists, such as appraisers or engineers.

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Posted in Audit & Assurance

Is It Time To Adopt The New Hedge Accounting Principles?

Posted by Melissa Motley, CPA on Jul 09, 2018

Implementing changes in accounting rules can be a real drag. But the new hedge accounting standard may be an exception to this generality. Many companies welcome this update and may even want to adopt it early because the new rules are more flexible and attempt to make hedging strategies easier to report on financial statements.

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Posted in Business Tax

Tax Reform FAQ For Manufacturers

Posted by Melissa Motley, CPA on Jun 22, 2018

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:
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Posted in Business Tax

How Accountable Is Your Business?

Posted by Melissa Motley, CPA on May 17, 2018

How to set up an accountable plan.

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Posted in Business Tax

Can You Deduct Business Travel When It's Combined With A Vacation?

Posted by Melissa Motley, CPA on May 15, 2018

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. But tread carefully, or you might not be eligible for the deduction you’re expecting.

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Posted in Business Tax

IRS Audit Techniques Guides Provide Clues To What May Come Up If Your Business Is Audited

Posted by Melissa Motley, CPA on May 07, 2018

IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others address issues that frequently arise in audits, such as executive compensation and fringe benefits. These publications can provide valuable insights into issues that might surface if your business is audited.

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Posted in Business Tax

Using Your Home-field Advantage

Posted by Melissa Motley, CPA on Apr 07, 2018

 

Is paying down your mortgage a smart move?

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Posted in Individual Tax Planning

Favorable Tax Treatment for Medical Expenses

Posted by Melissa Motley, CPA on Mar 02, 2018

New law creates retroactive tax break

The Tax Cuts and Jobs Act (TCJA) repeals or cuts back many deductions on personal returns (see “Last Chance for Key Tax Deductions”), but the medical expense deduction survived the chopping block. In fact, the new law temporarily enhances the deduction, retroactive to the 2017 tax year. In other words, you can benefit from this tax-favored treatment on the 2017 return you file in 2018.

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Posted in Individual Tax

Your 2017 Tax Return May Be Your Last Chance To Take The “Manufacturers’ Deduction”

Posted by Melissa Motley, CPA on Jan 18, 2018

While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses. One break it eliminates is the Section 199 deduction, commonly referred to as the “manufacturers’ deduction.” When it’s available, this potentially valuable tax break can be claimed by many types of businesses beyond just manufacturing companies. Under the TCJA, 2017 is the last tax year noncorporate taxpayers can take the deduction (2018 for C corporation taxpayers).

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Posted in Business Tax

Reduce Your 2017 Tax Bill By Buying Business Assets

Posted by Melissa Motley, CPA on Nov 30, 2017

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.

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Posted in Business Tax

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