News by MHCS

How Do Taxes Work With Bonuses?

Feb 02, 2023

Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. Ho...

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Increase Profit In Your Manufacturing Business With Accounting

Jan 30, 2023

If you own a manufacturing business, focusing on various accounting trends becomes even more significant. No matter which industry you belong to, accounting is one of the most important fields you nee...

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4 Tax Mistakes Construction Contractors Make

Jan 26, 2023

Whether purchasing a new piece of equipment to replace an outdated one or hiring extra help to handle a new project, owners and managers of contracting firms tend to focus on “taking care of business”...

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The Building Blocks - January 2023

Jan 24, 2023

The newest edition of The Building Blocks is here! In this edition, we share information on the revised Section 174, cash-flow management tips for construction companies, budgeting tips, and tax deduc...

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5 Biggest Business Trends In 2023

Jan 24, 2023

Businesses have faced huge challenges and have undergone an incredible amount of change over the past few years, and this won’t slow down in 2023. Here are the trends that could have the greatest day-...

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9 Real Estate Agent Accounting and Tax Tips

Jan 20, 2023

Managing your own real estate accounting gives you unrestricted access to your finances, invaluable insights into your performance, and the means to streamline your daily property management responsib...

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The Production Line - January 2023

Jan 19, 2023

The newest edition of The Production Line is here! In this edition, we share information about 2023 trends, Q1 financial checklists, Iowa manufacturers new target, and accounting tips for manufacturer...

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The Production Line - February 2023

Jan 19, 2023

The latest edition of The Production Line is here! In this edition, we discuss continuous improvements to the manufacturing industry, eco-friendly goals for Iowa manufacturers, economic forecast takea...

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How Manufacturing Fends Off Credit Squeeze

Jan 18, 2023

Don’t be the CFO who says, “I should have zigged when I zagged." Manufacturers can’t afford to wait any longer. For two years, CFOs and controllers have managed supply-chain disruptions, labor shorta...

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Common Tax Deductions for Construction Workers

Jan 12, 2023

Regardless of your trade in the construction industry, allowable tax deductions can lower your tax liability and possibly lead to getting a tax refund. You can deduct common expenses such as tools and...

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