News by MHCS

CARES Act Passes Senate

Mar 26, 2020

Late on March 25, 2020 the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act by a 96-0 vote. The bill moves to the House where a vote is planned for Friday March 27th. There...

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Relief Resources for Iowa Businesses Affected by COVID-19

Mar 25, 2020

Governor Reynolds announced on Monday, March 23rd new relief resources to help Iowa businesses affected by COVID-19. Employers can defer their 1st quarter unemployment tax payment from April 30th ...

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Running the Bases of Tax Season

Mar 24, 2020

Yogi Berra once said, “It ain’t over, til it’s over,” and that’s about how every accountant is feeling this time of year. With the belief that everything in life can be explained through baseball, I...

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IRS Filing Deadline Extension

Mar 23, 2020

On Friday, the Treasury Department issued Notice 2020-18 announcing that the filing deadline for taxpayers would be postponed from April 15th to July 15th to match the deferral of tax payments that wa...

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Emergency Leave Act and Iowa Filing & Payment Extension

Mar 19, 2020

President Trump recently signed the Emergency Family and Medical Leave Expansion Act requiring paid sick and family leave for qualified employees impacted by the Coronavirus Pandemic. The law generall...

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April 15 Federal Tax Payments Extension

Mar 19, 2020

The Treasury Department recently issued Notice 2020-17 (https://www.irs.gov/pub/irs-drop/n-20-17.pdf) addressing relief for taxpayers affected by the Coronavirus Disease 2019 Pandemic. The Treasury gu...

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COVID-19 Update: Office Closing & IRS Extension Announcement

Mar 17, 2020

As the COVID-19 situation continues to evolve, we continue to modify our business continuity plan to help safeguard our team and our clients. Effective Wednesday March 18th, we will be closing both ou...

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Business Continuity Plan for COVID-19

Mar 16, 2020

The COVID-19 pandemic continues to grow with each day, and we want to update you with our Business Continuity Plan in light of COVID-19 concerns. Please know that we remain open but have encouraged ou...

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Association Retirement Plans

Mar 13, 2020

In the Retirement Plan industry, there has been a lot of buzz lately about organizations being able to pool together to share in one retirement plan, like a 401(k), for example. Most of that news is c...

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Parking Tax Update

Mar 13, 2020

Please note that the below article, which was originally shared on January 14, 2020, has been updated to include IRS guidance for the refund process. ______ On December 20, 2019, the “Parking Tax” e...

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