Prioritize customer service now more than ever

Prioritize customer service now more than ever

You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has...

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ESOPs offer businesses a variety of potential benefits

ESOPs offer businesses a variety of potential benefits

Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP) could make this a reality. Under an ESOP, employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile,...

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5 key points about bonus depreciation

5 key points about bonus depreciation

Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40% in 2025, and 20% in 2026, and a 0% rate will...

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Helping employees understand their health care accounts

Helping employees understand their health care accounts

Many businesses now offer, as part of their health care benefits, various types of accounts that reimburse employees for medical expenses on a tax-advantaged basis. These include health Flexible Spending Accounts (FSAs), Health Reimbursement Arrangement (HRAs) and...

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Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits?

If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will you have to pay? It depends on your other income. If you’re taxed, between 50% and 85% of your benefits could be taxed. (This doesn’t...

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Established in 1971, McMahon & Associates has been serving Northwest Indiana and Chicago’s South Suburbs to help them grow their business. McMahon & Associates is locally-owned and offers a unique blend of big firm services and small firm care. From advanced tax expertise, IRS representation, audits, business valuations, estate planning and succession planning to basic bookkeeping and payroll services, clients find the services they need for every stage of their business or every stage of life.

10010 Calumet Avenue Munster, IN 46321

(219) 924.1640

info@mcmahonpc.com