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 ...Learn More
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 ...Learn More
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 ...Learn More
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...Learn More
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...Learn More
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...Learn More
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...Learn More
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...Learn More
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...Learn More
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 ...Learn More