News by MHCS
From Skilled Workforce to Sustainable Practices: Top 2023 Manufacturing Trends
Jul 13, 2023
In the manufacturing industry, there are some important trends in 2023. They are all about how businesses are changing and using new technologies to improve their operations. 5 Top Manufacturing Tren...
Learn MoreThe Building Blocks - June 2023
Jun 27, 2023
The June edition of The Building Blocks is here! In this edition, we provide information on year-round tax saving strategies for construction business and the "Bonus Depreciation" phase out in 2023. C...
Learn MoreHow Companies Can Safeguard Against Recessions
Jun 22, 2023
Tough times have affected businesses worldwide in recent years, testing both owners and their companies. As a leader, it is important to develop resilience, local agility, and portfolio agility to pre...
Learn MoreThe Production Line - June 2023
Jun 15, 2023
The newest edition of The Production Line is here! In this edition, we discuss safeguarding your business from recessions and sustainable practices in manufacturing. Click here for the complete newsle...
Learn MoreWill the property tax reform bill reduce your taxes?
Jun 12, 2023
Iowa's recent property tax reform bill, signed into law by Governor Kim Reynolds, aims to tackle the issue of unchecked local government spending leading to property tax increases. While it is too ear...
Learn MoreWatch Out for Fake ERC Plans
Jun 08, 2023
You may be aware of widely circulated promotions — ads on radio and the internet — touting refunds involving Employee Retention Credits (ERC). The IRS says these are a blatant attempt to con ineligibl...
Learn MoreIowa Enacts Passthrough Entity Tax Election to Create Tax Savings for Business Owners
May 22, 2023
On May 11, 2023, Governor Kim Reynolds signed House File 352 creating an optional passthrough entity tax credit. The new tax law applies to partnerships and S corporations in Iowa for tax years beginn...
Learn MoreThe Production Line - May 2023
May 18, 2023
The latest edition of The Production Line is here! In this edition, we share discuss fake ERC plans and SALT cap workaround in Iowa. Click here for the complete newsletter. If you don't currently re...
Learn MoreEfficient WIP Management: Key to Optimizing Working Capital Cycle in Manufacturing
May 15, 2023
In manufacturing, work-in-process (WIP) inventory represents a significant investment and potential source of cash flow. It is the lifeblood for any manufacturing business. It is the cash that is requ...
Learn MoreHow To Classify Your Workers
May 08, 2023
When you hire someone to work for you, the worker will likely be considered either an employee or an independent contractor. Usually, you will decide whether you want to onboard an employee or simply ...
Learn More