News by MHCS
Do You Need a Forensic Accountant?
Oct 04, 2022
If you discover money missing from your business, you need a forensic accountant. Forensic accountants are qualified to audit your firm and determine whether you were robbed or taken advantage of fina...
Learn MoreRemedies For Manufacturing Undercapitalization
Sep 30, 2022
There are several signs of manufacturing undercapitalization, including slow growth and limited daily operations. A business with sufficient capital can overcome these challenges and slow periods, giv...
Learn MoreThe Building Blocks - September 2022
Sep 27, 2022
The latest edition of The Building Blocks is here! In this edition, we share information on construction accounting best practices, when to hire a CFO, what information you should get from your financ...
Learn MoreQuickBooks Can Help Prevent Fraud
Sep 27, 2022
Many businesses have experienced fraud first-hand. Those who survived the theft are quick to implement accounting controls. Below are 10 tips for best practices related to protecting your cash and t...
Learn MoreThe Inflation Reduction Act’s Impact on Sections 45L and 179d
Sep 21, 2022
The Inflation Reduction Act of 2022 (the Act) contains $433 billion in new spending over the next decade in areas such as: $369 billion for energy security, $64 billion for the extension of the Affo...
Learn MoreBehavioral Red Flags for Internal Fraud
Sep 19, 2022
Fraud can be uncovered in many different ways: a tip, management review, internal or external audit, document examination, account reconciliation or even by accident. In 65% of cases, however, someone...
Learn MoreConfused About Capitalization and Safe Harbor
Sep 15, 2022
Whenever you spend money on your business, the expense is either deducted on your federal tax return in the year it is incurred or depreciated over time. Here's how to tell what to do. Deductible Cos...
Learn MoreTHE PRODUCTION LINE - September 2022
Sep 15, 2022
The latest edition of The Production Line is here! This month, we take a look at revenue management and boosting revenue for manufacturing companies, record keeping rules, and integrating mobility. Cl...
Learn MoreExempt vs. Nonexempt: Where the Dividing Line Is
Sep 12, 2022
Are you sure you know whether your employees are considered exempt or nonexempt? It's important to classify workers correctly because their status determines their eligibility to receive overtime pay....
Learn MoreGetting a Handle on Financial Fraud
Sep 08, 2022
During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. Fraud covers a wide range of activities from intentional ...
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