News by MHCS
Figuring Out How 1031 Exchanges Work
Nov 03, 2021
Section 1031 of the U.S. Federal Tax code once was an obscure tax break that deferred taxes on serial real estate deals and other types of investments. Today, a 1031 is a familiar term and strategy fo...
Learn MoreConstruction: Managing Cost Segregation
Oct 27, 2021
Cost segregation separates buildings into a set of components that may be depreciated over 5, 7 or 15 years rather than the typical 27.5- or 39-year period. By allocating each property-related cost in...
Learn MoreThe Building Blocks - October 2021
Oct 26, 2021
The latest edition of The Building Blocks is here! In this edition, we cover cost segregation for construction, how ASC 606 may impact your company, how 1031 exchanges can work for you, and an overvie...
Learn MoreEmployers Get Tax Breaks for Vaccination Leave
Oct 25, 2021
Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COV...
Learn MoreThe Production Line - October 2021
Oct 21, 2021
The newest edition of The Production Line is here! In this edition, we cover factory automation grants available to Iowa manufacturers, how accounting can help supply chain and logistics, offer a fres...
Learn MoreHow To Ensure Your Company's Financial Statement Assertions Are Accurate
Oct 21, 2021
A company's financial managers are responsible for accurately reporting all of the organization's financial activities. They confirm this accuracy in the financial statement assertions, which are expl...
Learn MoreFactory Automation Grants - How They Help Your Business
Oct 18, 2021
From the federal government to state and local governments, there are over $80 billion dollars available in free government money that manufacturers can tap into to help automate their operations. ...
Learn MoreHow to Address Fraud in Your Business
Oct 15, 2021
Whether you're concerned about external or internal fraud, there are only a few things you can do as a business owner to prevent and control it. But it isn't as dire as it may sound. While fraud is a ...
Learn MoreHow Cost Segregation Can Help Your Manufacturing Operations
Oct 13, 2021
Cost segregation is the Internal Revenue Service’s (IRS) approved method of reclassifying your commercial building from real property to personal property and, in the process, allowing assets to be de...
Learn MoreMaintaining Internal Controls
Oct 07, 2021
How can you be certain that your company is protected via your own internal controls? Perhaps more importantly, are you aware whether your company even has internal controls? Internal controls are ca...
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