News by MHCS
Four Technologies That Are Changing How Real Estate Brokerages Are Run
Jan 19, 2022
The National Association of Realtors (NAR) reported that last year nearly 90% of homebuyers used an agent or broker to help them buy property. That is an increase of nearly 20% since 2001. Clearly, te...
Learn MoreThe Building Blocks - January 2022
Jan 18, 2022
The latest edition of The Building Blocks is here! In this edition, we share details on the new lease accounting standard, making the best decision on buying vs leasing, managing revenue in constructi...
Learn MoreIRS Offers Guidance on ERC
Jan 13, 2022
The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. The Employee Retention Credit now applies only to wages paid before October 1, 2021, u...
Learn MoreThe Production Line - January 2022
Jan 13, 2022
The newest edition of The Production Line is here! In this edition, we share information on new lease accounting standards, making decisions about leasing or buying, detecting business expenses, and b...
Learn MoreJanuary Tax Due Date is Approaching
Jan 10, 2022
It is time for businesses to start preparing for their tax filings. January 31 is the due date for many significant tasks, as shown below. Businesses should keep in mind that state taxing authorities...
Learn MoreTax Deductions and Construction: What Can Be Written Off?
Jan 07, 2022
Construction companies often have to deal with large expenses, either for materials, tools, the use of vehicles or any potential business costs they may need to support without being able to charge th...
Learn MoreFiguring Out Your Business Taxes
Jan 05, 2022
The type of business will determine the type of taxes that will be required to be remitted. Income Taxes You know this tax — it gives the government a share of your net income. Generally, all busine...
Learn MoreDeciding Whether Contractors Can Claim R&D Benefits
Dec 28, 2021
Of particular relevance to contractors is the research and development tax credit, which is a tax incentive program. Also known as the research and experimentation tax credit or the research tax credi...
Learn MoreThe Building Blocks - December 2021
Dec 21, 2021
Happy Holidays! The latest edition of The Building Blocks is here. In this edition, we discuss ERC relief, the upcoming January tax deadline for businesses, four technologies changing how brokerages r...
Learn MoreCarried Interests Undergo Significant Tax Treatments
Dec 21, 2021
Carried interests, partnership interests held in connection with the performance of services, will undergo significant reporting and taxation treatment this year. When Section 1061 was added to the ta...
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