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Returning Value Blog

Michael D. Machen, CPA, CVA

Recent Posts

The Key to Retirement Security is Picking the Right Plan for Your Business

Posted by Michael D. Machen, CPA, CVA on Sep 04, 2019

If you’re a small business owner or you’re involved in a start-up, you may want to set up a tax-favored retirement plan for yourself and any employees. Several types of plans are eligible for tax advantages.

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Posted in Retirement & Wealth Management Planning

Trying to Sell Your Business?

Posted by Michael D. Machen, CPA, CVA on Aug 27, 2019

If you are considering selling your business, you may want to read this first, before you try.

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Posted in Business Advisory

What to Expect During a Franchise Audit

Posted by Michael D. Machen, CPA, CVA on Aug 21, 2019

It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They can be used to detect symptoms of unhealthy performance and treat problems before they spiral out of control.

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Posted in Audit & Assurance

M&A Transactions: Avoid Surprises from the IRS

Posted by Michael D. Machen, CPA, CVA on Jul 09, 2019

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your chances of being audited.

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Posted in Business Advisory

Measuring "Fair Value" for Financial Reporting Purposes

Posted by Michael D. Machen, CPA, CVA on Jun 11, 2019

The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.” This differs from other valuation standards that may apply when valuing a security or business interest in a litigation or mergers and acquisitions (M&A) setting.

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Posted in Business Advisory

Put a QOE Report to Work for You

Posted by Michael D. Machen, CPA, CVA on May 02, 2019

An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It’s important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements.

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Posted in Business Advisory

Understanding How Taxes Factor into an M&A Transaction

Posted by Michael D. Machen, CPA, CVA on Apr 02, 2019

Merger and acquisition activity has been brisk in recent years. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law.

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Posted in Business Advisory

There's Still Time for Small Business Owners to Setup a SEP Retirement Plan for Last Year

Posted by Michael D. Machen, CPA, CVA on Mar 12, 2019

If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your 2018 income tax return.

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Posted in Business Tax

Eight Key Tax Planning Opportunities for 2019

Posted by Michael D. Machen, CPA, CVA on Feb 25, 2019

More than a year after sweeping federal and state tax reform were enacted, businesses of all sizes are still wrapping their arms around the changes.  Additional guidance and regulations have been issued nearly every month—indeed, change is the new normal. Strategic tax planning now is key to lowering businesses’ total tax liability.  Read on for eight top planning opportunities and considerations businesses should review as part of their 2019 strategy. 

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Posted in Tax Planning

M&A Due Diligence: Don't Accept Financial Statements At Face Value

Posted by Michael D. Machen, CPA, CVA on Jan 21, 2019

The M&A market was hot last year, and that momentum is expected to continue in 2019. Before acquiring another business, however, it’s important to do your homework. Conducting comprehensive due diligence can be a daunting task, especially if you’ve never negotiated a deal before. So, consider seeking input from an experienced accounting professional.

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Posted in Business Advisory

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