News by MHCS

Side Hustles and Taxes

Nov 15, 2019

According to NPR, 30% of Americans do something else for pay in addition to their full-time job. Most of the time, these are what people call side hustles. Today, Ashley Sly discusses what a #SideHust...

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Nov 12, 2019

Have you ever fasted on purpose? Skipping lunch because you are too busy to stop and eat doesn’t count. An interesting topic to entertain heading into the holiday season, but studies have shown that f...

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Cloud Computing Guidance for Non Public Companies

Nov 07, 2019

There is a new guidance related to accounting for changes in how customers account for implementation costs related to cloud accounting. Today, Wendy Moran discusses this new guidance for non-public c...

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Understanding the 2020 Form W-4

Nov 05, 2019

The Tax Cuts and Job Act (TCJA), enacted in December of 2017, brought new Federal withholding tables for employers and employees last year. The IRS was not ready to issue their revised Form W-4 then, ...

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Acquiring a Business? Let Us Help!

Oct 30, 2019

Are you or someone you know planning on starting or acquiring a business but are overwhelmed with understanding the financials? Today, Brian Newton explains how this is a very common concern when maki...

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Focus. Think Ahead. Be Creative.

Oct 29, 2019

One of my favorite things to do is play pool. When my wife and I were looking at houses this past summer, one of the first things I did was measure the basement to see if a pool table would fit. If it...

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Deductibility and Accounting Related to Meals and Entertainment

Oct 22, 2019

The Tax Cuts and Jobs Act (TCJA) made several changes to deductions for meal and entertainment expenses. I went through these changes in my blog of January 2018, explaining that many of the expenses t...

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Red Flag Reporting: Fraud Detection Through Employee Whistleblowing

Oct 18, 2019

A main way fraud is detected is through employee whistleblowing and a key prevention is to provide employees a safe and secure way to report fraud, theft, misconduct, safety violations, and/or unethic...

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Tax Planning Strategies For 2019: How Can You Act Now?

Oct 16, 2019

As you can imagine, we are often asked how we can help save money and as most answers to tax-related questions go, it depends. Each situation is different and not every solution will apply to all taxp...

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Financial Podcasts

Oct 14, 2019

Podcasts have had a spike in popularity in the last few years. It seems that there used to be a preconceived notion that podcasts were boring and irrelevant. However, they are finally starting to get ...

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