News by MHCS

Reskilling and Upskilling: Employee Retention Tools

Oct 05, 2021

The pandemic taught business owners many unexpected things. Chief among them was the ability to adapt and change quickly. Businesses that preferred old-school, in-person commerce before 2020 were forc...

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Do You Have Operational Efficiency?

Oct 01, 2021

Optimal output is the dream of every business leader. But in real life, pressures and priorities mean managers spend most of their time putting out fires, putting Band-Aids on problems and losing the ...

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The Building Blocks - September 2021

Sep 30, 2021

Welcome to The Building Blocks - our monthly Construction and Real Estate industry newsletter. In this edition, we discuss operational efficiency, share our internal controls checklist, note how to ad...

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Employee Retention Credit: Further Guidance

Sep 28, 2021

In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS is addressing changes made by the American Rescue Plan Act of...

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Maintaining Internal Controls Checklist

Sep 24, 2021

No business owner wants to believe that the employees he or she sought, hired, trained and has confidence in are doing anything deceitful. But sometimes, unexpected things happen, and steps need to be...

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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...

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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...

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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...

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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...

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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...

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