News by MHCS

The Building Blocks - February 2022

Feb 22, 2022

The latest edition of The Building Blocks is here! In this edition, we share information on business valuations, average EV/EBITDA multiples in the construction sector, using LLCs in real estate, and ...

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Trying to Get a Handle on Budgeting Success in Manufacturing

Feb 22, 2022

When a manufacturing company doesn't have a clear idea of its annual budget, it runs the risk of spending more money than it earns in a year. Even if production has been running smoothly for years, on...

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Lease Terms and Tenant Defaults or Bankruptcy

Feb 17, 2022

The COVID-19 pandemic may be starting to abate, but certain sectors of the economy — including commercial real estate — will feel its effects for years to come. Commercial real estate owners in sector...

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The Production Line - February 2022

Feb 17, 2022

The newest edition of The Production Line is here! In this edition, we highlight inventory management, whether to use the FIFO or LIFO method, solutions to track inventory, and tax implications of ind...

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Deducting Business Expenses: Separating Fact From Myth

Feb 15, 2022

When you're filing your tax returns, what expenses can you deduct from business income? It's a complex question. To start with, a business expense must be both ordinary and necessary to be deductibl...

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Concerns About Revenue Management in Construction

Feb 10, 2022

Many important changes in the marketplace pertain to revenue management, and these changes are affecting every industry from retail to construction. If you own a construction company, it would be prud...

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What To Know About the New Lease Accounting Standard

Feb 07, 2022

Every day that passes marks less time for private companies to get ready for ASC 842, the new lease accounting standard. Private companies will have to comply with this standard in fiscal years beginn...

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Should You Lease or Buy: Making the Best Choice

Feb 02, 2022

When businesses need equipment for their operations, they have the choice of buying or leasing what they need. This includes everything from cars to tractors and there are pros and cons to every optio...

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Construction Companies: Recognizing Revenue Under ASC 606

Jan 27, 2022

Recently, construction companies industrywide made a change in how they calculated revenue. Before ASC 606, Revenue from Contracts with Customers, was adopted, different industries used different meth...

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Payroll Tax Rates and Contribution Limits for 2022

Jan 26, 2022

Below are federal payroll tax rates and benefits contribution limits for 2022. Avoid any penalties or mistakes by implementing these changes today. Social Security taxIn 2022, the Social Security tax...

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