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...

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The 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...

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How 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...

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The 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...

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Will 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...

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Watch 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...

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Iowa 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...

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The 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...

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Efficient 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...

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How 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 ...

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