News by MHCS
Job Costing for Manufacturing: How to Calculate and Track Costs for Each Production Run
Apr 11, 2023
Job costing is an essential element of manufacturing businesses that helps to identify the cost of production for each product or service they offer. It is a process of tracking and calculating the co...
Learn MoreProperty Accounting and Financial Reporting: Best Practices for Real Estate Professionals
Apr 06, 2023
Real estate accounting and financial reporting are critical functions that real estate professionals must master to manage their property portfolio successfully. It involves keeping accurate and detai...
Learn MoreTax Planning for Manufacturers: Maximizing Deductions and Credits
Apr 03, 2023
As a manufacturer, it is important to not only produce high-quality products but also to optimize your financial operations. One key aspect of financial planning for manufacturers is tax planning, whi...
Learn MoreIRS Warns of Aggressive Employee Retention Credit Claims
Mar 30, 2023
The Internal Revenue Service recently listed aggressive Employee Retention Credit (ERC) claims on their 2023 Dirty Dozen list of tax scams. The IRS is aware of third-party providers offering ERC servi...
Learn MoreThe Building Blocks - March 2023
Mar 28, 2023
The latest edition of The Building Blocks is here! In this edition, we share information on evaluating financial performance of individual construction projects and best practices in property accounti...
Learn MoreDoes Your Business Have to File Schedules K-2 and K-3?
Mar 27, 2023
In alignment with IRS requirements, there are certain businesses that must file Schedule K-2 and Schedule K-3. Ultimately, any pass-through entities that have relevant international income, deductions...
Learn MoreHow Continuous Improvement Impacts Manufacturing
Mar 23, 2023
Continuous improvement is a management philosophy (also known as the Kaizen Method) that aims to optimize processes, systems, and products through small, incremental changes over time. This approach ...
Learn MoreWhat’s Keeping Contractors Up At Night?
Mar 20, 2023
According to Associated General Contractors (AGC) of America’s 2023 Construction Outlook National Survey, supply chain snarls and hiring difficulties still top the list of what’s keeping you up at nig...
Learn MoreThe Production Line - March 2023
Mar 16, 2023
The latest edition of The Production Line has arrived! In this edition, we share details on job costing for manufacturers, tax planning to maximize deductions and credits, and filing schedules K-2 and...
Learn MoreIowa Manufacturers Focus on Eco-Friendly Goals
Mar 14, 2023
If you are in the Iowa manufacturing industry, you might have been hearing about its newest focus on eco-friendly efforts. In this fall 2022 Iowa Manufacturing article, it states that “Making a cons...
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