News by MHCS

The Production Line - September 2021

Sep 23, 2021

Welcome to The Production Line - our monthly Manufacturing and Distribution industry newsletter. In this edition, we give further guidance on the Employee Retention Credit (ERC), tips to reskill and u...

Learn More

The Tax Route - September 2021

Sep 08, 2021

With many changes continuing to take place in the transportation industry, our team is committed to keeping you up-to-date with information that may impact your company.In this edition of The Tax Rout...

Learn More

Provider Relief Funds Reporting

Aug 20, 2021

As part of the government’s COVID-19 relief strategy, the Human Health and Services (HHS) department distributed funding to healthcare providers. The HHS distributions were part of the Provider Relief...

Learn More

Claiming the Employee Retention Credit for Q3 & Q4

Aug 11, 2021

On Wednesday, August 4, the IRS issued Notice 2021-49, which includes guidance on the extension and modification of the employee retention credit (ERC). Under the new notice, the ERC may be claimed b...

Learn More

State Tax Alert

Jul 12, 2021

State and local taxes change frequently throughout the year. To help, MHCS has created State Tax Alerts to identify those state and local changes that may impact you and your business. Since your time...

Learn More

Client Spotlight: BioConnect Iowa

Jul 08, 2021

Many people start the new year with resolutions to create positive change in their life. BioConnect Iowa started the new year in 2021 with a new name and mission to strengthen its commitment to suppor...

Learn More

Iowa Income Tax Modification

Jul 07, 2021

On June 16, 2021 Governor Kim Reynolds signed Senate File 619 (SF 619), which modifies Iowa’s income tax. Below is a summary of the bill’s tax law changes and effective dates. Bonus DepreciationIowa ...

Learn More

Revenue Recognition for Not-for-Profit Entities

Jun 23, 2021

Revenue recognition timing is being determined by a new 5-step revenue recognition model due to a new accounting standard for Revenue from Contracts with Customers. Previously the effective date for t...

Learn More

Employee Retention Tax Credits

Jun 23, 2021

The Employee Retention Tax Credit (ERTC) has been a major topic for business owners and leaders since the outbreak of the COVID-19 pandemic in March 2020. Here we have broken down some of the changes ...

Learn More

Shuttered Venue Operators Grant

Jun 22, 2021

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The progra...

Learn More