News by MHCS

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...

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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...

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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...

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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...

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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 ...

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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...

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IRS Filing Deadline Extension

Mar 23, 2020

On Friday, the Treasury Department issued Notice 2020-18 announcing that the filing deadline for taxpayers would be postponed from April 15th to July 15th to match the deferral of tax payments that wa...

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Emergency Leave Act and Iowa Filing & Payment Extension

Mar 19, 2020

President Trump recently signed the Emergency Family and Medical Leave Expansion Act requiring paid sick and family leave for qualified employees impacted by the Coronavirus Pandemic. The law generall...

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April 15 Federal Tax Payments Extension

Mar 19, 2020

The Treasury Department recently issued Notice 2020-17 (https://www.irs.gov/pub/irs-drop/n-20-17.pdf) addressing relief for taxpayers affected by the Coronavirus Disease 2019 Pandemic. The Treasury gu...

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COVID-19 Update: Office Closing & IRS Extension Announcement

Mar 17, 2020

As the COVID-19 situation continues to evolve, we continue to modify our business continuity plan to help safeguard our team and our clients. Effective Wednesday March 18th, we will be closing both ou...

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