News by MHCS
Trying to Manage Seasonal Construction Budgets
Aug 23, 2022
Construction is a profitable industry, but there is one major challenge. If you're in an area that's blanketed with cold and snow in the winter, you may have significant periods of downtime for your b...
Learn MoreThe Building Blocks - August 2022
Aug 23, 2022
The newest edition of The Building Blocks is here! In this edition, we highlight the identification, prevention, and maintenance of fraud in your construction and real estate company. We also discuss ...
Learn More12 Things to Do If You Suspect Internal Fraud
Aug 18, 2022
Discovering that you are the victim of an internal fraud is a harrowing experience, particularly when the perpetrator is someone you’ve trusted. The feeling of betrayal is strong. Your instincts tell ...
Learn MoreTHE PRODUCTION LINE - August 2022
Aug 18, 2022
The latest edition of The Production Line is here! In this edition we highlight undercapitalization, how to avoid it, and remedies for manufacturers that are undercapitalized, Click here for the compl...
Learn MoreBudgeting Success for the Manufacturing Industry
Aug 16, 2022
When a manufacturing company doesn't have a clear idea of its annual budget, it runs the risk of spending more money than it earns in a year. Even if production has been running smoothly for years, on...
Learn MoreAccounting Method Changes for Small Business Taxpayers
Aug 15, 2022
Recently, the IRS and Treasury released two revenue procedures on accounting method changes for small business taxpayers. Rev. Procs. 2022-9 and 2022-14 enable small business taxpayers, not a tax shel...
Learn MoreAre 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...
Learn MoreHow 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...
Learn MoreUsing 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...
Learn MoreWorried 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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