News by MHCS

How to Read Your Form W-2

Jan 14, 2019

Have you ever looked at your W-2 when preparing your tax return and wondered why none of the boxes match what your salary is? Or were you even confused on how to read the form? Differences between you...

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Are You Acquiring or Starting a Business?

Jan 13, 2019

Are you thinking about starting a new business or acquiring one? Our Business Advisory team helps many of our clients with a variety of decisions at this early stage to help achieve their objectives. ...

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2018 Year in Review 2019 Outlook

Jan 10, 2019

As we close out 2018 and we look forward to 2019, it becomes a great time to reflect on the successes of the past year and anticipate with excitement leading the way through 2019. Personally, I’m humb...

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Busy and Happy

Dec 26, 2018

I have a friend who posts to social media the quotes from her daily calendar. They are often inspirational and practical to everyday life. Earlier this week, she posted this quote: “Stop talking abou...

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Changes in Filing Requirements for 1099s and W2s

Dec 20, 2018

There are changes in filing requirements for employers issuing 1099s and W2s to employees and independent contractors this year. Check out this video by Jonathan Porter, CAS Manager, as he discusses t...

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Change in Deductibility of Employer-Paid Parking Expenses

Dec 20, 2018

As a part of 2018 tax reform, the IRS has changed the deductibility of employer-paid parking expenses for employees. In addition, the IRS has also stated these same parking expenses that would be non-...

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Implementing Reporting Changes for Not-for-Profit Organizations

Dec 18, 2018

About a year and a half ago I wrote a blog about the significant reporting changes coming for not-for-profit organizations. At the time, it seemed almost silly to write about because the effective dat...

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Changes in Deductibility of Employer-Paid Parking Expenses

Dec 18, 2018

As a part of 2018 tax reform, the IRS has changed the deductibility of employer-paid parking expenses for employees. In addition, the IRS has also stated these same parking expenses that would be non-...

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Wendy Moran Explains Revenue Recognition for Transportation Companies

Dec 12, 2018

In this video, Wendy Moran, CPA, Assurance Partner, gives a brief overview of the new 5-step Revenue Recognition Guidance process for transportation companies. The new guidance is required for all non...

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Tax Credits for Children and Other Dependents

Dec 10, 2018

The Tax Cuts & Jobs Act (“TCJA”) is the biggest change to the tax code since 1986 and has brought a myriad of changes that will affect every single taxpayer. One of the changes that may affect taxpaye...

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