News by MHCS

Upcoming Event: Blood Drive

Jan 17, 2020

Register today to give blood! On Monday, February 3 from 10 a.m. - 12 p.m., we are excited to partner with LifeServe Blood Center to provide the blood mobile in our parking lot for all of us to help ...

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What is a PBC List and How Can It Help an Audit?

Jan 13, 2020

Some of you might be wondering what exactly is a PBC list and its’ purpose. A PBC list, also known as a Provided by Client (PBC) list is a request of information and supporting documents that will be ...

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Reminder of Payroll Changes: Are You Ready?

Jan 08, 2020

We would like to remind all employers about the following payroll changes that went into effect Wednesday, January 1, 2020: The IRS issued a new Form W-4 to use starting January 1, 2020. Employers ...

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New Years Resolutions

Jan 07, 2020

Are you planning on making resolutions this year? This popular tradition tends to quickly hit the backburner. According to The Entrepreneur, “statistics show that only 9.2 percent of people ever achie...

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1099-Misc: Nonemployee Compensation Best Practices

Dec 20, 2019

1099 Miscellaneous (1099-Misc) forms need to be filed for a multitude of reasons. The 1099-Misc we most commonly file for clients is for rents paid (box 1) and nonemployee compensation (box 7). Nonemp...

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Is Cash Really King in Small Businesses?

Dec 18, 2019

Although cash may be king, there are more accounts that business owners need to look at when determining the financial status of their business. Today, Jonathan Porter discusses the importance of anal...

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TCJA for Contractors

Dec 17, 2019

The Tax Cuts & Jobs Act (TCJA) impacted all taxpayers. While many taxpayers took a hard look at the impact of the tax changes when it first came out, many may have not reviewed it since. With year-end...

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2019 Year-End Tax Planning

Dec 09, 2019

Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the massive changes included in the biggest tax law in decades — the Tax Cuts and Jobs Act (TCJA) of 201...

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Spice Up Your Thanksgiving Conversations

Nov 25, 2019

Nestled in between the spooky excitement of Halloween and the ever-popular gift-giving (and receiving) Christmas holiday lies the holiday that provokes thought and reflection, Thanksgiving. Every year...

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Fraud. It’s Such A Scary Word.

Nov 18, 2019

In my career as an auditor of many small and medium-sized business, I’ve found that people generally don’t like to talk about fraud. Some people are afraid their business will be susceptible to fraud ...

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