News by MHCS

Revised Section 174 Fails to Pass

Feb 16, 2023

Revisions to Section 174, which would be retroactive for the 2022 tax year and apply to tax years going forward, have not passed (as of January 6, 2023). It is not expected to pass Congress any time s...

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Q1 Financial Checklist for Budgeting and Accounting

Feb 13, 2023

A strategically crafted fiscal plan is essential to sustaining a profitable business. Here are some actionable budget and forecast steps you can take for the first quarter of 2023. Review the past ye...

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9 Cash-Flow Management Tips for Construction Companies

Feb 09, 2023

Cash is king in any industry. In construction, though, it can make or break a company. Sir Richard Branson, business magnate, investor, author, and philanthropist once said, “Never take your eyes off...

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5 Accounting and Finance Trends for 2023

Feb 06, 2023

As we begin 2023, the current economic downturn, unpredictable workforce trends, and supply chain challenges are driving companies to implement transformative changes to their operations. Technology w...

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How Do Taxes Work With Bonuses?

Feb 02, 2023

Bonuses, frequently given at the end of the year, are a popular "thank you" for a job well done, and smart business owners know they can build loyalty, helping retain the most productive employees. Ho...

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Increase Profit In Your Manufacturing Business With Accounting

Jan 30, 2023

If you own a manufacturing business, focusing on various accounting trends becomes even more significant. No matter which industry you belong to, accounting is one of the most important fields you nee...

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4 Tax Mistakes Construction Contractors Make

Jan 26, 2023

Whether purchasing a new piece of equipment to replace an outdated one or hiring extra help to handle a new project, owners and managers of contracting firms tend to focus on “taking care of business”...

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The Building Blocks - January 2023

Jan 24, 2023

The newest edition of The Building Blocks is here! In this edition, we share information on the revised Section 174, cash-flow management tips for construction companies, budgeting tips, and tax deduc...

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5 Biggest Business Trends In 2023

Jan 24, 2023

Businesses have faced huge challenges and have undergone an incredible amount of change over the past few years, and this won’t slow down in 2023. Here are the trends that could have the greatest day-...

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9 Real Estate Agent Accounting and Tax Tips

Jan 20, 2023

Managing your own real estate accounting gives you unrestricted access to your finances, invaluable insights into your performance, and the means to streamline your daily property management responsib...

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