News by MHCS

Are Your Internal Controls Weak?

Aug 11, 2022

According to a spokesperson from the Risk Unit of Marquette University of Milwaukee, Wisconsin, "Establishing effective internal controls can help a department operate more efficiently and effectively...

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How Predictive Analytics Helps Boost the Bottom Line

Aug 09, 2022

Manufacturers use predictive maintenance software to help tie the probability of equipment breakdowns and use that knowledge to schedule machine preventive maintenance and manage production. By autom...

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Using LLCs in Real Estate

Aug 04, 2022

Investing in real estate can be a complicated process. That is why many people turn to establishing limited liability companies, or LLCs, to account for all of the complex legal and tax implications o...

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Worried About an Upcoming Financial Statement Audit?

Aug 02, 2022

A third party may require a successful and growing small business to have any audit. What they really want is assurance that the financial statements provided by your business are reasonably accurate ...

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Recordkeeping Rules for Construction Companies

Jul 28, 2022

When it comes to recordkeeping, construction firms have a lot to deal with: accounting rules, the need to make various claims, keeping track of different expenses for tax deductions, and maintaining v...

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The Building Blocks - July 2022

Jul 26, 2022

The latest edition of The Building Blocks is here! In this edition, we share tips on managing a seasonal contract budget, drawing the line between exempt and non-exempt, how S corporations work, and t...

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Advantages and Disadvantages of Predictive Maintenance

Jul 26, 2022

Are you worried about huge maintenance costs and high maintenance frequency eating up your profits? Do you often witness unprecedented breakdowns that incur substantial time and resources? If you nod ...

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Jul 21, 2022

The latest edition of The Production Line is here! In this edition we highlight the advantages and disadvantages of predictive analytics and how it can boost your bottom line. We also look at budgetin...

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Construction: Classifying Workers

Jul 20, 2022

Much of construction work is carried out through contractors — you win a contract to complete work and use subcontractors who have the skills you need. But it's the classification of these workers — a...

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Manufacturing Trends for 2022

Jul 14, 2022

Some of these trends we’ve been hearing about for years, such as onshore rather than offshore, are mostly due to the supply chain issues we’ve been dealing with. But there are other trends also impact...

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