News by MHCS

End of Life Decision-Making

Aug 26, 2019

My father recently passed away after a short battle of cancer. Our lives had been focused on caring for our mother who has Alzheimer’s so my family, including my father, was not prepared for his illne...

Fixed Assets

Aug 21, 2019

FixedAssets and how to depreciate them on tax returns comes with a variety of options. Today, Rob Poterucha breaks it down for us. Rob Poterucha, CPA | SupervisorRPoterucha@MHCScpa.com see vlog tr...

RMDs and QCDs

Aug 20, 2019

If you are 70 ½ or older, the IRS rules require you to take required minimum distributions (RMD) each year from your tax-deferred retirement accounts. When you are planning your IRA withdrawal strateg...

Financial Statements: Statement of Income

Aug 14, 2019

During the last few months, Brian Newton has discussed the basics of financial statements and how to interpret the information. Today, he focuses on the statement of income and what valuable analytics...

College Savings Plan

Aug 12, 2019

College bound, but hopefully not debt bound! It’s that time again when the kids head off to school. I hear parents everywhere discussing the cost of college including tuition, books, room and board, ...

The Latest Edition of the MHCS Tax Route Has Arrived

Aug 06, 2019

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In this edition of the MHCS Tax Route learn about the New Revenue Recognition Guidance, read part two of our Business Succession Series, see the most recent State Tax Alerts, and check out what's new ...

Historic Tax Credits – Second of a Three-Part Series

Aug 05, 2019

Iowa Historic Tax Credits: How does the program work? As noted in the previous Historic Tax Credits (HTC) blog, historic structures/features have captivated me since I was a child and I’ve been able...

Check Out The Latest Edition of The Tax Times

Aug 02, 2019

In this edition of the MHCS Tax Times – Winterset, learn the differences between OuickBooks Online vs. Desktop, Iowa Workforce Development Rule, Business Succession, meet the owners of Hometown Market...

Payroll Compliance and Solutions

Aug 02, 2019

Running payroll for a business can be complex especially when reports are due in January, April, July, and October. Today, Jonathan Porter explains how technology can assist in completing these report...

Tax Free Weekend

Jul 29, 2019

Well... it's almost that time of year again... Tax Free Weekend! With the first day of school right around the corner, why not take advantage of this sales tax holiday and buy the kiddos some new scho...