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 More

Additional 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 More

Payroll 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 More

What 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 More

Spring 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 More

COVID-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 More

Fear 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 More

CARES 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 More

Relief 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 More

Running 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...

Learn More