News by MHCS
9 Ways To Avoid an IRS Audit
Jun 27, 2022
While you cannot fully control whether the IRS audits you come tax season, there are measures you can take in an effort to lower your chances of being audited. It all starts with hiring a reputable ta...
Learn MoreYou Want Your Commercial Real Estate Agents to Be More Efficient
Jun 21, 2022
When you hire a new agent, do you conduct a standard office job interview? Do they have the training necessary to put their real estate skills and knowledge to good use? If all of your new agents end ...
Learn MoreThe Building Blocks - June 2022
Jun 21, 2022
The June edition of The Building Blocks is here! In this edition, we provide information on internal controls, record keeping rules, using LLCs in real estate, and what to do if you suspect internal f...
Learn MoreEssential Tips for Managing Your Construction Company's Inventory
Jun 16, 2022
Construction and inventory don’t always go hand in hand, but it’s important to understand your company’s cost to acquire products as your largest expense. For construction company owners who don't ut...
Learn MoreTHE PRODUCTION LINE - JUNE 2022
Jun 16, 2022
The newest edition of The Production Line is here! In this edition we provide information going green, undercapitalization for manufacturing companies, internal risk assessments, and artificial intell...
Learn MoreWhat Business Owners Need To Know About Depreciation
Jun 14, 2022
Depreciation is an annual tax deduction that allows small businesses to recover the costs of certain property that decreases in value over its lifetime. It's an allowance for the wear and tear, deteri...
Learn MoreThe Future of Technology in Construction
Jun 10, 2022
A major hallmark of the Covid-19 pandemic is the increased use of technology. All industries and services had to consider different technologies so that their businesses could continue functioning. Th...
Learn More2022 Tax Incentives for Manufacturing Companies
Jun 06, 2022
Section 179 Federal Tax Deduction increased to $1,080,000 Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $1,080,000 of equipment (Section 179 Property) ...
Learn MoreWhat Does Depreciation Mean to Your Construction Business?
Jun 03, 2022
Each time your construction company prepares its financial statements, you can record a depreciation expense. This spreads out the initial price of an asset over the course of its useful life. By taki...
Learn MoreSupply Chains and Logistics – How Accountants Can Help
May 31, 2022
Supply chain management involves controlling the upstream and downstream flow of materials and finances — from sourcing to manufacturing and distributing to retailing and finally to the hands of the c...
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