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...

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Property 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...

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Tax 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...

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IRS 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...

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The 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...

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Does 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...

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How 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 ...

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What’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...

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The 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...

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Iowa 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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