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

Table of Content

1. Liabilities for Unused Time off Mount as Pandemic Lingers
2. Employers Get Tax Breaks for Vaccination Leave
3. White House Unveils Plan to Help American Families Funded by Tax Increases on Wealthy
4. Help Ensure the IRS Doesn't Reclassify Independent Contractors as Employees
5. Early Priorities for the Biden Administration: Areas to Watch
6. What's "Fair Value" in an Accounting Context?
7. Using Your Financial Statements to Evaluate Capital Budgeting
8. Receivables May Be a Source of Cash in Tough Times
9. What's New at Machen McChesney

Liabilities for Unused Time off Mount as Pandemic Lingers

Many employees have postponed using their allotted paid time off during the pandemic until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals for certain employers. Here’s some guidance to help evaluate whether your company is required to report a liability for so-called “compensated absences” and, if so, how to estimate the proper amount. Continue reading.

Employers Get Tax Breaks for Vaccination Leave

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations. These credits are available to eligible employers that paid sick and family leave for leave from April 1, 2021, through September 30, 2021. Continue reading.

White House Unveils Plan to Help American Families Funded by Tax Increases on Wealthy

On April 28, 2021, the Biden administration unveiled a $1.8 trillion plan to provide assistance to middle- and low-income families that would be largely funded by tax increases on wealthy Americans. The plan is expected to be fleshed out during President Biden’s first address to a joint session of Congress. Continue reading.

Early Priorities for the Biden Administration: Areas to Watch

The Biden administration’s first 100 days are officially over. 

What's "Fair Value" in an Accounting Context?

In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to “fair value.” Examples of assets that may currently be reported at fair value are asset retirement obligations, derivatives, and intangible assets acquired in a business combination. Though fair value may better align your company’s financial statements with today’s market values, estimating fair value may require subjective judgment. Continue reading. 

Using Your Financial Statements to Evaluate Capital Budgeting Decisions

Strategic investments — such as expanding a plant, purchasing a major piece of equipment, or introducing a new product line — can add long-term value. But management shouldn’t base these decisions on gut instinct. A comprehensive, formal analysis can help minimize the guesswork and maximize your return on investment. Continue reading.

Receivables May Be a Source of Cash in Tough Times

Many companies are continuing to struggle financially during the COVID-19 pandemic. If cash is tight, what can your business do to shorten its cash cycle? The answer could lie in your outstanding accounts receivable. Here are five strategies to help convert receivables into cash ASAP.  Continue reading.

What's New at Machen McChesney?

Sponsorships, new hires, announcements
Continue reading. 

We hope you found value in The Value Report you've received this month. We look forward to finding even more ways to Return Value to you in the future.