News by MHCS
Revised Section 174 Fails to Pass
Feb 16, 2023
Revisions to Section 174, which would be retroactive for the 2022 tax year and apply to tax years going forward, have not passed (as of January 6, 2023). It is not expected to pass Congress any time s...
Learn MoreQ1 Financial Checklist for Budgeting and Accounting
Feb 13, 2023
A strategically crafted fiscal plan is essential to sustaining a profitable business. Here are some actionable budget and forecast steps you can take for the first quarter of 2023. Review the past ye...
Learn More9 Cash-Flow Management Tips for Construction Companies
Feb 09, 2023
Cash is king in any industry. In construction, though, it can make or break a company. Sir Richard Branson, business magnate, investor, author, and philanthropist once said, “Never take your eyes off...
Learn More5 Accounting and Finance Trends for 2023
Feb 06, 2023
As we begin 2023, the current economic downturn, unpredictable workforce trends, and supply chain challenges are driving companies to implement transformative changes to their operations. Technology w...
Learn MoreHow Do Taxes Work With Bonuses?
Feb 02, 2023
Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. Ho...
Learn MoreIncrease Profit In Your Manufacturing Business With Accounting
Jan 30, 2023
If you own a manufacturing business, focusing on various accounting trends becomes even more significant. No matter which industry you belong to, accounting is one of the most important fields you nee...
Learn More4 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Whether purchasing a new piece of equipment to replace an outdated one or hiring extra help to handle a new project, owners and managers of contracting firms tend to focus on “taking care of business”...
Learn MoreThe 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...
Learn More5 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-...
Learn More9 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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