News by MHCS
Recent Developments Regarding the Paycheck Protection Program (PPP)
May 04, 2020
There have been two recent developments regarding the Paycheck Protection Program (PPP) that may impact your company and its view of obtaining a PPP loan. First, on April 30, the IRS issued notice 2...
Learn MoreAdditional Lending for Small Business Relief Programs
Apr 27, 2020
On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act providing additional lending authority for certain Small Business Association (SBA) programs. ...
Learn MorePayroll Protection Loans & Business Relief Reminders
Apr 21, 2020
Late last week, the funding for the payroll protection program (PPP) loans under the CARES Act was exhausted. Congress is negotiating adding additional funds to the program and is targeting to have th...
Learn MoreWhat You Need to Know About the Government Stimulus Payments
Apr 17, 2020
You may have heard recently that the Economic Impact Payments are starting to be paid. Here is what you need to know. The payments are generally for all US residents with adjusted gross income up to ...
Learn MoreSpring Cleaning Your Financial Documents
Apr 16, 2020
It’s difficult to know how long to keep documents and when it’s safe to get rid of them. Some things you’ll need to hold on to for your whole life and others just a few months. You probably already kn...
Learn MoreCOVID-19 Relief Updates
Apr 01, 2020
We wanted to reach out and update you on various matters related to COVID-19 relief. Note that some of these are time sensitive. Paycheck Protection Program (“PPP”) loan applications may be submitted...
Learn MoreFear of What If?
Mar 30, 2020
Currently as a nation and as a World, we are dealing with the concerns, emotion, and uncertainty of the Coronavirus and what devastation we might encounter. The media, as with most “news”, appear to...
Learn MoreCARES Act Passes Senate
Mar 26, 2020
Late on March 25, 2020 the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act by a 96-0 vote. The bill moves to the House where a vote is planned for Friday March 27th. There...
Learn MoreRelief Resources for Iowa Businesses Affected by COVID-19
Mar 25, 2020
Governor Reynolds announced on Monday, March 23rd new relief resources to help Iowa businesses affected by COVID-19. Employers can defer their 1st quarter unemployment tax payment from April 30th ...
Learn MoreRunning the Bases of Tax Season
Mar 24, 2020
Yogi Berra once said, “It ain’t over, til it’s over,” and that’s about how every accountant is feeling this time of year. With the belief that everything in life can be explained through baseball, I...
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