At Machen McChesney we are committed to Returning Value to you through our new monthly e-newsletter, The Value Report.
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The Value Report - Machen McChesney Business Advisory Insights

Hi from all of us at Machen McChesney,

At Machen McChesney we are committed to Returning Value to you through our new 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.

We hope you find value in the advisory insights we will be sending to you. If, at any time, you wish to unsubscribe, please find the link at the bottom of this email.


Table of Contents

  1. Finding a New Leader?
  2. Five Challenges Ahead for Small Businesses
  3. Strategies for Ensuring Business Continuity
  4. Intangible Asset Accounting Update for Private Companies
  5. When to Start Saving for Retirement
  6. Expecting an Income Tax Refund from Alabama?

Finding a New Leader?

Professional_servicesLeadership successions can shake the success of a business for decades

A company’s next leader may already be on the company’s leadership team, in which case it may seem that the leader has all the right attributes. But being on the leadership team is vastly different than being the leader of the team. As Abraham Lincoln said: “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.” Continue reading.


Five Challenges Ahead for Small Businesses

How to prosper in a changing environment

It was not long ago that there was no Internet and only international spies had cell phones. The changes occurring these days are happening at breakneck speed, and small businesses are hard-pressed to keep up. However, it is important to adapt to the latest developments and incorporate them into your business planning. Continue reading.


Strategies for Ensuring Business Continuity

business_management2You may think that the company you created will last forever, especially if it's a family business with siblings or children involved in its operation. But statistics say otherwise.

According to the Family Business Institute, less than one-third of family businesses survive into the second generation, 12 percent into the third generation, and just 3 percent into the fourth generation or beyond. Continue reading.


Free Industry Benchmarking Report


Intangible Asset Accounting Update for Private Companies

In its continued effort to simplify financial reporting for private companies, the Financial Accounting Standards Board (FASB) has issued an update to its standards for accounting for business combinations.  The update, Accounting for Identifiable Intangible Assets in a Business Combination, offers private companies an alternative method of accounting for certain acquired intangible assets.

What sort of changes are we talking about? Here are five prime areas worthy of your attention in 2015. Continue reading.


When to Start Saving for Retirement

financial-planning-young-coupleThere is no time like the present

If you are established in a job or operate your own business, when should you start saving for retirement? Although there are numerous aspects to consider and complications in certain situations, the short answer is relatively simple: immediately! Continue reading.


Expecting an Income Tax Refund from Alabama?

If you are expecting an income tax refund from the Alabama Department of Revenue, be aware that you may receive a letter in the mail asking you to go online to confirm your identity. This letter is legitimate and must be responded to in 30 days or, according to the letter, your refund will be denied. Continue reading.

    

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