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Returning Value Blog

Lease or Buy? Changes to Accounting Rules May Change Your Mind.

Posted by Michael D. Machen, CPA, CVA on Mar 09, 2020

The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and nonprofits), it’s important to know the possible effects on your financial statements as you renew leases or enter into new lease contracts. In some cases, you might decide to modify lease terms to avoid having to report leasing liabilities on your balance sheet. Or you might opt to buy (rather than lease) property to sidestep being subject to the complex disclosure requirements.

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Posted in Business Advisory

Do You Want to Go Into Business for Yourself?

Posted by Michael D. Machen, CPA, CVA on Feb 12, 2020

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.

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Posted in Business Advisory

New Rules Will Soon Require Employers to Annually Disclose Retirement Income to Employees

Posted by Michael D. Machen, CPA, CVA on Jan 20, 2020

As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the provisions of the SECURE Act involves a new requirement for employers that sponsor tax-favored defined contribution retirement plans that are subject to ERISA.

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Posted in Business Advisory

Close-Up on Pushdown Accounting for M&As

Posted by Michael D. Machen, CPA, CVA on Nov 19, 2019

Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market to merge with or buy a business, you might not be aware of updated financial reporting guidance that took effect in November 2014. The changes provide greater flexibility to post-M&A accounting.

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Posted in Business Advisory

Thinking About Converting from a C Corporation to an S Corporation?

Posted by Jessica L. Pagan, CPA on Nov 08, 2019

The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some circumstances, there are plenty of potentially expensive tax problems that you should assess before making the decision to convert from a C corporation to an S corporation.

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Posted in Business Advisory

New Overtime Pay Rule Compliance

Posted by Murry Guy, CPA on Oct 10, 2019

New Rule will affect millions - After the 2016 regulation (which had a much higher threshold) was invalidated by a U.S. District Court, a new regulation was finalized on September 24, 2019, by the U.S. Department of Labor.  However, changes in the regulations do not formally take effect until January 1, 2020. Because of that, employers still have time to make the adjustments necessary to be in full compliance.

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Posted in Business Advisory

5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

Posted by Lesley L. Price, CPA on Sep 17, 2019

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the extent of your corporation’s “earnings and profits.” But it’s not deductible by the corporation.

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Posted in Business Advisory

Budgeting Is Key to a Successful Start-Up

Posted by Nick Wheeler, CPA on Sep 16, 2019

More than half of recent college graduates plan to start a business someday, according to the results of a survey published in August by the American Institute of Certified Public Accountants (AICPA). Unfortunately, the AICPA estimates that only half of new businesses survive the five-year mark, and only about one in three reaches the 10-year mark.

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Posted in Business Advisory

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

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

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