News by MHCS

CLIENT SPOTLIGHT: DES MOINES CHRISTIAN SCHOOL

Mar 12, 2021

Des Moines Christian School (DMCS) has a rich history in education. With over 75 years of experience and nearly 1200 students currently enrolled, they actively educate and prepare the next generation ...

Protecting Your Not-For-Profit from Cybersecurity Risks

Mar 11, 2021

In today’s technology-dependent world, it is hard to go more than a few days without hearing about a cybersecurity breach or how to protect yourself. According to a study from the University of Maryla...

Recurring Accounting Services

Mar 11, 2021

• Tags:
• not-for-profit

Not-for-profit organizations all have one thing in common; a mission to serve and support a need in the community. This mission not only impacts the world around you but the people inside your organiz...

Deadline Approaching: Paycheck Protection Program Loans Expanded to Include Trade Associations

Mar 11, 2021

• Tags:
• not-for-profit

The 2021 Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law on December 27, 2020 expanded the terms of the Paycheck Protection Program (PPP) to include organizations...

Changes, Changes, and More Changes!

Feb 11, 2021

2020 was certainly a year for changes in all areas of our life. As we start into 2021 and prepare to get our tax returns filed, there are several changes to the tax rules that you may need to know. On...

MHCS State Tax Alert - Illinois

Feb 04, 2021

• Tags:
• SALT

State and local taxes change frequently throughout the year. To help, MHCS has created State Tax Alerts to identify those state and local changes that may impact you and your business. Since your time...

Sick and Family Leave Paid Wages Update

Feb 03, 2021

On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021(HR 133, “the Act”). This Act extended several tax incentives set to expire on December 31, 2020 and addr...

Employee Retention Credit - FTEs and Partial Shutdown Rules

Jan 28, 2021

The Consolidated Appropriations Act, 2021 ("the Act") was signed into law at the end of December. The Act includes significant enhancements to the Employee Retention Tax Credit ("ERTC", "the credit") ...

Workplace Personalities

Jan 26, 2021

Do you really know who you work with every day? You may know about your colleagues’ family, their hobbies, or what they like to eat over their lunch break, but again, let me ask; do you REALLY know an...

Simple, Not Easy

Jan 20, 2021

The other day my wife called and said the car wouldn’t start; the battery was dead. The car had made it to the store, but it was not going to make the trip home. The next morning, we set out to jump-s...