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Returning Value Blog

Nick Wheeler, CPA

Recent Posts

Startup Costs and Taxes: What You Need to Know Before Filing

Posted by Nick Wheeler, CPA on Jul 16, 2025

The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number of businesses applying for an Employer Identification Number.

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Posted in Business Tax

The Financial Triple Play: 3 Reports to Help You Stay at the Top of Your Game

Posted by Nick Wheeler, CPA on Jul 15, 2025

In baseball, the triple play is a high-impact defensive feat that knocks the competition out of the inning. In business, you have your own version — three key financial statements that can give you a competitive edge by monitoring profitability, liquidity, and solvency.

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Posted in Business Tax

Planning a Summer Business Trip? Turn Travel into Tax Deductions

Posted by Nick Wheeler, CPA on Jun 19, 2025

If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify, the travel must be necessary for your business and require an overnight stay within the United States.

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Posted in Business Tax

Leveraging AI and Automation to Optimize Denial Management in Healthcare

Posted by Nick Wheeler, CPA on May 08, 2025

Claim denials are a significant issue for healthcare, especially as they continue to rise: last year, 60% of medical groups reported a year-over-year increase in claim denials, and providers spend around $20 billion a year trying to overturn them. 

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Posted in Business Advisory

6 Inventory Management Tips in an Uncertain Tariff Land-Scape

Posted by Nick Wheeler, CPA on Apr 28, 2025

With new tariff structures looming and global trade relationships in flux, businesses face rising uncertainty in supply chain costs and inventory planning. As countries iron out the details of future U.S. trade agreements, companies must proactively manage their inventory to avoid margin erosion and supply disruptions. Here are six smart strategies to help safeguard your operations.

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Posted in Business Advisory

Back to Basics: A Practical Playbook for Reporting PPE

Posted by Nick Wheeler, CPA on Apr 24, 2025

Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant, and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful lives. While that sounds easy enough, subtle nuances may trip up small businesses. Here are some tips to help get it right.

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Posted in Taxation

6 Practical Tips to Lower Business Travel Expenses

Posted by Nick Wheeler, CPA on Mar 21, 2025

Travel remains a critical expense for many businesses, whether for client meetings, networking, industry conferences or sales opportunities. However, travel and entertainment (T&E) costs can quickly spiral out of control, cutting into profits. Consider taking these six proactive measures to keep T&E costs in check.

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Posted in Business Tax

How Section 1231 Gains and Losses Affect Business Asset Sales

Posted by Nick Wheeler, CPA on Jan 14, 2025

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property.

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Posted in Business Tax

The Tax Treatment of Intangible Assets

Posted by Nick Wheeler, CPA on Dec 27, 2024

Intangible assets, such as patents, trademarks, copyrights, and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions.

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Posted in Business Tax

Healthy Savings: How Tax-Smart HSAs Can Benefit Your Small Business and Employees

Posted by Nick Wheeler, CPA on Dec 09, 2024

As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs offer a range of benefits that can help you save on healthcare expenses while providing valuable tax advantages. You may already have an HSA. It’s a good time to review how these accounts work because the IRS has announced the relevant inflation-adjusted amounts for 2025.

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Posted in Business Advisory

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