News by MHCS

4 Tax Mistakes Construction Contractors Make

Jan 26, 2023

Whether purchasing a new piece of equipment to replace an outdated one or hiring extra help to handle a new project, owners and managers of contracting firms tend to focus on “taking care of business”...

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The Building Blocks - January 2023

Jan 24, 2023

The newest edition of The Building Blocks is here! In this edition, we share information on the revised Section 174, cash-flow management tips for construction companies, budgeting tips, and tax deduc...

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5 Biggest Business Trends In 2023

Jan 24, 2023

Businesses have faced huge challenges and have undergone an incredible amount of change over the past few years, and this won’t slow down in 2023. Here are the trends that could have the greatest day-...

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9 Real Estate Agent Accounting and Tax Tips

Jan 20, 2023

Managing your own real estate accounting gives you unrestricted access to your finances, invaluable insights into your performance, and the means to streamline your daily property management responsib...

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The Production Line - January 2023

Jan 19, 2023

The newest edition of The Production Line is here! In this edition, we share information about 2023 trends, Q1 financial checklists, Iowa manufacturers new target, and accounting tips for manufacturer...

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How Manufacturing Fends Off Credit Squeeze

Jan 18, 2023

Don’t be the CFO who says, “I should have zigged when I zagged." Manufacturers can’t afford to wait any longer. For two years, CFOs and controllers have managed supply-chain disruptions, labor shorta...

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Common Tax Deductions for Construction Workers

Jan 12, 2023

Regardless of your trade in the construction industry, allowable tax deductions can lower your tax liability and possibly lead to getting a tax refund. You can deduct common expenses such as tools and...

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Mid-Size Companies Lose $300 Grand to Invoice Scams

Jan 09, 2023

Did you know that many mid-sized businesses lose nearly $300,000 annually in invoice scams? Not only does this hurt your company, it also impacts supplier relationships. Common Invoice Scams As man...

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IRS Publishes 2022-2023 Special Per Diem Rates

Jan 05, 2023

According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred while ...

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Are You Overpaying for Your Business’ Leases?

Jan 03, 2023

Lease negotiation can be a big undertaking and the results can have a significant impact on your business. Each lease contains complex terms that are subject to change, which must be tracked to main...

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