News by MHCS

Is Cash Really King in Small Businesses?

Dec 18, 2019

Although cash may be king, there are more accounts that business owners need to look at when determining the financial status of their business. Today, Jonathan Porter discusses the importance of anal...

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The Latest Edition of the Tax Route Has Arrived

Dec 18, 2019

In this edition of the MHCS Tax Route learn about the best strategies for replacing equipment, Iowa tax changes, and tax planning strategies for 2019. Also, check out the most recent State Tax Alerts ...

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TCJA for Contractors

Dec 17, 2019

The Tax Cuts & Jobs Act (TCJA) impacted all taxpayers. While many taxpayers took a hard look at the impact of the tax changes when it first came out, many may have not reviewed it since. With year-end...

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2019 Year-End Tax Planning

Dec 09, 2019

Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the massive changes included in the biggest tax law in decades — the Tax Cuts and Jobs Act (TCJA) of 201...

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Spice Up Your Thanksgiving Conversations

Nov 25, 2019

Nestled in between the spooky excitement of Halloween and the ever-popular gift-giving (and receiving) Christmas holiday lies the holiday that provokes thought and reflection, Thanksgiving. Every year...

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Fraud. It’s Such A Scary Word.

Nov 18, 2019

In my career as an auditor of many small and medium-sized business, I’ve found that people generally don’t like to talk about fraud. Some people are afraid their business will be susceptible to fraud ...

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Side Hustles and Taxes

Nov 15, 2019

According to NPR, 30% of Americans do something else for pay in addition to their full-time job. Most of the time, these are what people call side hustles. Today, Ashley Sly discusses what a #SideHust...

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Fasting

Nov 12, 2019

Have you ever fasted on purpose? Skipping lunch because you are too busy to stop and eat doesn’t count. An interesting topic to entertain heading into the holiday season, but studies have shown that f...

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Cloud Computing Guidance for Non Public Companies

Nov 07, 2019

There is a new guidance related to accounting for changes in how customers account for implementation costs related to cloud accounting. Today, Wendy Moran discusses this new guidance for non-public c...

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Understanding the 2020 Form W-4

Nov 05, 2019

The Tax Cuts and Job Act (TCJA), enacted in December of 2017, brought new Federal withholding tables for employers and employees last year. The IRS was not ready to issue their revised Form W-4 then, ...

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