News by MHCS
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...
Learn MoreThe 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...
Learn MoreAdvantages 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 ...
Learn MoreTHE PRODUCTION LINE - JULY 2022
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...
Learn MoreConstruction: 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...
Learn MoreManufacturing 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...
Learn MoreCommercial Real Estate: What To Do If You Cannot Pay Your Mortgage
Jul 12, 2022
As a result of the pandemic, many commercial real estate owners are unable to make their mortgage payments. While the CARES Act and the CAA targeted helping small businesses remain operational, they ...
Learn MoreConstruction: How to Manage Your Cash Flow
Jul 08, 2022
Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn't easy, but it's even more complica...
Learn More7 Business and License Permits for 2022
Jul 05, 2022
If your business is expanding, here are seven permit requirements to keep in mind. If you plan to expand operations into another state, you must obtain an EIN and federal tax ID number; plus, get a ...
Learn MoreConstruction Companies: Know Your R&D Tax Benefits
Jun 30, 2022
Of particular relevancy to construction companies is the research and development tax credit, a tax incentive program. Also known as the research and experimentation tax credit or the research tax cre...
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