171 Related Article(s):

Iowa Embraces Industry 4.0 Tech in Manufacturing

Iowa is committed to helping manufacturers adapt to the Industry 4.0 landscape and its emphasis on s...

Learn More

Balance Sheets and Property Profitability

Owning a real estate business comes with a host of responsibilities, including understanding your ba...

Learn More

Is an Employee Stock Option Plan right for your company?

Employee stock option plans (ESOP) are gaining popularity as a way for owners to transition their bu...

Learn More

Modular Construction A “Big Risk, Big Reward” Investment

When planned correctly, the benefits are substantial, starting with time savings due to the concurre...

Learn More

Beat a Recession: 7 Steps Construction Companies Can Take

ABC Chief Economist Anirban Basu predicts next year to be fraught with risk in the construction indu...

Learn More

5 Reasons Why Manufacturing is Easier in Iowa

Iowa has earned a reputation as a national leader in advanced manufacturing, with the third-highest ...

Learn More

You Need To Get Information From Your Financials

If you don't understand your financials, you are impeding your ability to grow and prosper. What sho...

Learn More

A Fresh Look at Revenue Management for the Manufacturing Industry

The survey "The New World of Revenue Management," conducted by the Institute of Management Accountan...

Learn More

Confused About Commercial Leases and Common Area Maintenance Fees?

When reviewing a commercial lease, you likely will note the inclusion of common area maintenance (CA...

Learn More

The Building Blocks - October 2022

The October edition of The Building Blocks is here! In this edition, we cover the investment risks a...

Learn More

Boosting Revenue for Your Manufacturing Company

In this article, we've collected four posts you might like about how manufacturers can boost revenue...

Learn More

THE PRODUCTION LINE - October 2022

Happy Manufacturing Month! This month, we highlight manufacturing in Iowa including the Supplier Con...

Learn More

When Should You Hire a CFO?

When the financials of your company start expanding beyond basic accounting, you may find yourself i...

Learn More

Can You Integrate Mobility Into Manufacturing?

In the manufacturing world, productivity is measured in seconds. So, workers need to analyze informa...

Learn More

10 Construction Accounting Best Practices

Construction accounting is unique with many distinctive features, such as job costing and change ord...

Learn More

Recordkeeping for Your Manufacturing Company

When it comes to recordkeeping, manufacturing companies have a lot to contend with, such as accounti...

Learn More

Remedies For Manufacturing Undercapitalization

There are several signs of manufacturing undercapitalization, including slow growth and limited dail...

Learn More

The Building Blocks - September 2022

The latest edition of The Building Blocks is here! In this edition, we share information on construc...

Learn More

THE PRODUCTION LINE - September 2022

The latest edition of The Production Line is here! This month, we take a look at revenue management ...

Learn More

S Corporation Requirements, Responsibilities, and Considerations

S corporations are entities that can pass corporate income, losses, deductions and credits through t...

Learn More

Know the Basics of Business Valuations

A business valuation can serve any of several purposes, but the goal is always the same: to find out...

Learn More

Trying to Manage Seasonal Construction Budgets

Construction is a profitable industry, but there is one major challenge. If you're in an area that's...

Learn More

The Building Blocks - August 2022

The newest edition of The Building Blocks is here! In this edition, we highlight the identification,...

Learn More

THE PRODUCTION LINE - August 2022

The latest edition of The Production Line is here! In this edition we highlight undercapitalization,...

Learn More

Budgeting Success for the Manufacturing Industry

When a manufacturing company doesn't have a clear idea of its annual budget, it runs the risk of spe...

Learn More

Accounting Method Changes for Small Business Taxpayers

Recently, the IRS and Treasury released two revenue procedures on accounting method changes for smal...

Learn More

How Predictive Analytics Helps Boost the Bottom Line

Manufacturers use predictive maintenance software to help tie the probability of equipment breakdown...

Learn More

Using LLCs in Real Estate

Investing in real estate can be a complicated process. That is why many people turn to establishing ...

Learn More

Worried About an Upcoming Financial Statement Audit?

A third party may require a successful and growing small business to have any audit. What they reall...

Learn More

Recordkeeping Rules for Construction Companies

When it comes to recordkeeping, construction firms have a lot to deal with: accounting rules, the ne...

Learn More

The Building Blocks - July 2022

The latest edition of The Building Blocks is here! In this edition, we share tips on managing a seas...

Learn More

Advantages and Disadvantages of Predictive Maintenance

Are you worried about huge maintenance costs and high maintenance frequency eating up your profits? ...

Learn More

THE PRODUCTION LINE - JULY 2022

The latest edition of The Production Line is here! In this edition we highlight the advantages and d...

Learn More

Construction: Classifying Workers

Much of construction work is carried out through contractors — you win a contract to complete work a...

Learn More

Manufacturing Trends for 2022

Some of these trends we’ve been hearing about for years, such as onshore rather than offshore, are m...

Learn More

Commercial Real Estate: What To Do If You Cannot Pay Your Mortgage

As a result of the pandemic, many commercial real estate owners are unable to make their mortgage pa...

Learn More

Construction: How to Manage Your Cash Flow

Most owners focus on operational activities, not seeing how decisions like financing purchases and s...

Learn More

7 Business and License Permits for 2022

If your business is expanding, here are seven permit requirements to keep in mind. If you plan to ...

Learn More

Construction Companies: Know Your R&D Tax Benefits

Of particular relevancy to construction companies is the research and development tax credit, a tax ...

Learn More

9 Ways To Avoid an IRS Audit

While you cannot fully control whether the IRS audits you come tax season, there are measures you ca...

Learn More

You Want Your Commercial Real Estate Agents to Be More Efficient

When you hire a new agent, do you conduct a standard office job interview? Do they have the training...

Learn More

The Building Blocks - June 2022

The June edition of The Building Blocks is here! In this edition, we provide information on internal...

Learn More

Essential Tips for Managing Your Construction Company's Inventory

Construction and inventory don’t always go hand in hand, but it’s important to understand your compa...

Learn More

THE PRODUCTION LINE - JUNE 2022

The newest edition of The Production Line is here! In this edition we provide information going gree...

Learn More

What Business Owners Need To Know About Depreciation

Depreciation is an annual tax deduction that allows small businesses to recover the costs of certain...

Learn More

The Future of Technology in Construction

A major hallmark of the Covid-19 pandemic is the increased use of technology. All industries and ser...

Learn More

2022 Tax Incentives for Manufacturing Companies

Section 179 Federal Tax Deduction increased to $1,080,000 Section 179 Federal Income Tax Deduction:...

Learn More

What Does Depreciation Mean to Your Construction Business?

Each time your construction company prepares its financial statements, you can record a depreciation...

Learn More

Supply Chains and Logistics – How Accountants Can Help

Supply chain management involves controlling the upstream and downstream flow of materials and finan...

Learn More

9 Steps to Develop a Business Succession Plan

As a business owner, having a plan in place that identifies and trains next-generation leaders helps...

Learn More

Future-Forward Manufacturing

The economy has taken a tremendous hit as a result of the Covid-19 pandemic, and many small manufact...

Learn More

The Building Blocks - May 2022

The latest edition of The Building Blocks is here! In this edition, we share tips for managing inven...

Learn More

THE PRODUCTION LINE - MAY 2022

The latest edition of The Production Line is here! This month, we highlight manufacturing trends for...

Learn More

Construction Companies Go Green

The construction industry has discovered that greening its energy sources with renewable energy init...

Learn More

Now’s the Time to Start Year-Round Tax Planning

Numerous tax experts agree that addressing your tax liability effectively requires planning througho...

Learn More

Do You Need an Outsourced CFO?

Your business is off and running, but you don't feel you have a handle on the finances. What you kno...

Learn More

THE PRODUCTION LINE - APRIL 2022

Your April edition of The Production Line is here! In this edition, we share information on tax ince...

Learn More

Is Real Estate a Good Investment?

Like all investments, real estate investment is full of risk. The variables are many, the can't-miss...

Learn More

The Building Blocks - April 2022

The newest edition of The Building Blocks is here! In this edition, we discuss the future of technol...

Learn More

Supply Chains of the Future

Supply chains are a linchpin of business, but the disruptions businesses underwent because of the Co...

Learn More

How to Realize Tax Benefits with Cost Segregation

If you are an owner of commercial real estate, you likely have heard of cost segregation. But perhap...

Learn More

How To Manage the 3 Major Supply Chain Risks

"When will the COVID-19 pandemic finally end?" Many business owners are asking themselves that quest...

Learn More

Are You Planning Your Commercial Real Estate Taxes?

It’s never too early to think about the tax consequences of decisions you make while building your c...

Learn More

Supply Chain and Cash Flow – 5 Issues to Consider

The supply chain issues created by the COVID-19 pandemic are challenging businesses in ways they hav...

Learn More

Get to Know How Section 179 Works for Real Estate

Part of the reason for the development of Section 179 was to help small businesses grow by allowing ...

Learn More

How Do REITs Work?

As you evaluate your investments, you likely are asking a few essential questions: How close are you...

Learn More

The Building Blocks - March 2022

The newest edition of The Building Blocks is here! In this edition, we discuss investing in real est...

Learn More

THE PRODUCTION LINE - MARCH 2022

The latest edition of The Production Line is here! This month, we discuss supply chain management, r...

Learn More

Using LLCs in Real Estate

Investing in real estate can be a complicated process. That is why many people turn to establishing ...

Learn More

A Baseline Business Valuation Makes Good Sense

Your business is humming along. You have no plans to sell or to go public. You're planning to keep y...

Learn More

Average EV/EBITDA Multiples in the Construction Sector Rise

According to Statista, the average EV/EBIDTA–earnings before interest, tax, depreciation and amortiz...

Learn More

The Building Blocks - February 2022

The latest edition of The Building Blocks is here! In this edition, we share information on business...

Learn More

Trying to Get a Handle on Budgeting Success in Manufacturing

When a manufacturing company doesn't have a clear idea of its annual budget, it runs the risk of spe...

Learn More

Lease Terms and Tenant Defaults or Bankruptcy

The COVID-19 pandemic may be starting to abate, but certain sectors of the economy — including comme...

Learn More

The Production Line - February 2022

The newest edition of The Production Line is here! In this edition, we highlight inventory managemen...

Learn More

Deducting Business Expenses: Separating Fact From Myth

When you're filing your tax returns, what expenses can you deduct from business income? It's a com...

Learn More

Concerns About Revenue Management in Construction

Many important changes in the marketplace pertain to revenue management, and these changes are affec...

Learn More

Construction Companies: Recognizing Revenue Under ASC 606

Recently, construction companies industrywide made a change in how they calculated revenue. Before A...

Learn More

Payroll Tax Rates and Contribution Limits for 2022

Below are federal payroll tax rates and benefits contribution limits for 2022. Avoid any penalties o...

Learn More

Four Technologies That Are Changing How Real Estate Brokerages Are Run

The National Association of Realtors (NAR) reported that last year nearly 90% of homebuyers used an ...

Learn More

The Building Blocks - January 2022

The latest edition of The Building Blocks is here! In this edition, we share details on the new leas...

Learn More

The Production Line - January 2022

The newest edition of The Production Line is here! In this edition, we share information on new leas...

Learn More

January Tax Due Date is Approaching

It is time for businesses to start preparing for their tax filings. January 31 is the due date for m...

Learn More

Tax Deductions and Construction: What Can Be Written Off?

Construction companies often have to deal with large expenses, either for materials, tools, the use ...

Learn More

Figuring Out Your Business Taxes

The type of business will determine the type of taxes that will be required to be remitted. Income ...

Learn More

Deciding Whether Contractors Can Claim R&D Benefits

Of particular relevance to contractors is the research and development tax credit, which is a tax in...

Learn More

The Building Blocks - December 2021

Happy Holidays! The latest edition of The Building Blocks is here. In this edition, we discuss ERC r...

Learn More

The Production Line - December 2021

The newest edition of The Production Line is here! In this edition, we highlight the upcoming Januar...

Learn More

Business Deductions: A Quick Review

You have a lot of expenses when running a business. Are any of them deductible? To begin with, a d...

Learn More

Figuring Out Contractor Tax Breaks

The IRS has rules for everything — contractor contracts included. Those in the contractor industry w...

Learn More

Overwhelmed by Manufacturing Tax Credits

Tax credits and deductions can allow your company to save money, improve production quality and incr...

Learn More

The Building Blocks - November 2021

The latest edition of The Building Blocks is here! In this edition, we discuss compliance changes to...

Learn More

The Production Line - November 2021

The newest edition of The Production Line is here! In this edition, we look at research and developm...

Learn More

Applying ASC 606 in Construction

In simple terms, if you're in the business of entering contracts to deliver goods or services to cus...

Learn More

Inventory Management: Keys to a Lean Operation

Longer timelines are often a natural part of manufacturing anything. Unlike ready-made items or serv...

Learn More

Supply Chains and Logistics

How can my accountant help with supply chain issues?Supply chain management involves controlling the...

Learn More

Balance Sheets and Property Profitability

Owning a real estate business comes with a host of responsibilities, including understanding your ba...

Learn More

A Fresh Look at Revenue Management for the Manufacturing Industry

The survey "The New World of Revenue Management," conducted by the Institute of Management Accountan...

Learn More

Construction: Managing Cost Segregation

Cost segregation separates buildings into a set of components that may be depreciated over 5, 7 or 1...

Learn More

The Building Blocks - October 2021

The latest edition of The Building Blocks is here! In this edition, we cover cost segregation for co...

Learn More

Employers Get Tax Breaks for Vaccination Leave

Small and midsize employers, and certain governmental employers, can claim refundable tax credits th...

Learn More

The Production Line - October 2021

The newest edition of The Production Line is here! In this edition, we cover factory automation gran...

Learn More

Factory Automation Grants - How They Help Your Business

From the federal government to state and local governments, there are over $80 billion dollars avail...

Learn More

How Cost Segregation Can Help Your Manufacturing Operations

Cost segregation is the Internal Revenue Service’s (IRS) approved method of reclassifying your comme...

Learn More

The Building Blocks - September 2021

Welcome to The Building Blocks - our monthly Construction and Real Estate industry newsletter. In th...

Learn More

Employee Retention Credit: Further Guidance

In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but comp...

Learn More

The Production Line - September 2021

Welcome to The Production Line - our monthly Manufacturing and Distribution industry newsletter. In ...

Learn More

The Tax Route - September 2021

With many changes continuing to take place in the transportation industry, our team is committed to ...

Learn More

Provider Relief Funds Reporting

As part of the government’s COVID-19 relief strategy, the Human Health and Services (HHS) department...

Learn More

State Tax Alert

State and local taxes change frequently throughout the year. To help, MHCS has created State Tax Ale...

Learn More

Revenue Recognition for Not-for-Profit Entities

Revenue recognition timing is being determined by a new 5-step revenue recognition model due to a ne...

Learn More

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit S...

Learn More

Child Tax Credit Advance Payments

The IRS has started sending out letters to families who may qualify for advanced payments of the chi...

Learn More

State Tax Alert

State and local taxes change frequently throughout the year. To help, MHCS has created State Tax Ale...

Learn More

The Tax Route Special Edition - April 2020

We hope you are all staying safe and healthy during this unique time. As the COVID-19 pandemic conti...

Learn More

Recurring Accounting Services

Not-for-profit organizations all have one thing in common; a mission to serve and support a need in ...

Learn More

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

The 2021 Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law on De...

Learn More

MHCS State Tax Alert - Illinois

State and local taxes change frequently throughout the year. To help, MHCS has created State Tax Ale...

Learn More

Presentation and Disclosures by Not-for-Profit Entities

On September 17, 2020 the Financial Accounting Standards Board (FASB) issued Accounting Standards Up...

Learn More

Not-for-Profit Reserve Spending

As the COVID-19 pandemic continues, an increasing number of nonprofits will face economic challenges...

Learn More

Assurance Levels

Most of us don’t have extensive mechanical knowledge or tools to determine if a used car has been we...

Learn More

Information Overload

I think I can speak for more than myself when I say my eyes have started to glaze over when I see ye...

Learn More

Association Retirement Plans

In the Retirement Plan industry, there has been a lot of buzz lately about organizations being able ...

Learn More

The Tax Route - February 2020

We hope you are doing well and are enjoying the beginning of this new year. We are in full swing pre...

Learn More

State Apportionment - Brokerage Income

How is your company allocating brokerage derived income for state apportionment purposes? In Febr...

Learn More

State Tax Alerts

New Jersey – New Jersey created an elective entity-level tax for passthrough entities with an inco...

Learn More

The US Tax System Explained

I was having lunch with one of my favorite friends last week and the conversation turned to the gove...

Learn More

Here is Your First Edition of The Vitals Report

Welcome Friends! We are excited to share with you the first edition of the MHCS Vitals Report. Each...

Learn More

Health Care Client Spotlight: Dr. Mark Belz, Iowa Kidney Physicians

When Dr. Mark Belz’s mother took a job as a nurse practitioner at the University of Pittsburgh Medic...

Learn More

Great Iowa Treasure Hunt

We all have heard of the Great Iowa Treasure Hunt and maybe even found some money with our name on i...

Learn More

HIPAA Risk Assessment

The requirement for Covered Entities to conduct a HIPAA risk assessment is not a new provision of th...

Learn More

Land Sales, Taxpayer Considered a Dealer or Investor

When land is sold, long-term capital gain rates are often assumed. While these rates may apply to th...

Learn More

What is a PBC List and How Can It Help an Audit?

Some of you might be wondering what exactly is a PBC list and its’ purpose. A PBC list, also known a...

Learn More

Reminder of Payroll Changes: Are You Ready?

We would like to remind all employers about the following payroll changes that went into effect Wedn...

Learn More

The Secure Act of 2019

On December 20th, President Trump signed into law the Secure Act, a funding bill that also included ...

Learn More

1099-Misc: Nonemployee Compensation Best Practices

1099 Miscellaneous (1099-Misc) forms need to be filed for a multitude of reasons. The 1099-Misc we m...

Learn More

Is Cash Really King in Small Businesses?

Although cash may be king, there are more accounts that business owners need to look at when determi...

Learn More

The Latest Edition of the Tax Route Has Arrived

In this edition of the MHCS Tax Route learn about the best strategies for replacing equipment, Iowa ...

Learn More

TCJA for Contractors

The Tax Cuts & Jobs Act (TCJA) impacted all taxpayers. While many taxpayers took a hard look at the ...

Learn More

2019 Year-End Tax Planning

Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the ...

Learn More

Fraud. It’s Such A Scary Word.

In my career as an auditor of many small and medium-sized business, I’ve found that people generally...

Learn More

Side Hustles and Taxes

According to NPR, 30% of Americans do something else for pay in addition to their full-time job. Mos...

Learn More

Cloud Computing Guidance for Non Public Companies

There is a new guidance related to accounting for changes in how customers account for implementatio...

Learn More

Understanding the 2020 Form W-4

The Tax Cuts and Job Act (TCJA), enacted in December of 2017, brought new Federal withholding tables...

Learn More

Acquiring a Business? Let Us Help!

Are you or someone you know planning on starting or acquiring a business but are overwhelmed with un...

Learn More

Focus. Think Ahead. Be Creative.

One of my favorite things to do is play pool. When my wife and I were looking at houses this past su...

Learn More

Deductibility and Accounting Related to Meals and Entertainment

The Tax Cuts and Jobs Act (TCJA) made several changes to deductions for meal and entertainment expen...

Learn More

Red Flag Reporting: Fraud Detection Through Employee Whistleblowing

A main way fraud is detected is through employee whistleblowing and a key prevention is to provide e...

Learn More

Tax Planning Strategies For 2019: How Can You Act Now?

As you can imagine, we are often asked how we can help save money and as most answers to tax-related...

Learn More

Tax Planning Strategies for 2019

We often get asked how we can save our clients’ money, and as most answers to tax-related questions ...

Learn More

FRF for SMEs (part 2)

Previously, Assurance Shareholder, Wendy Moran discussed what the Financial Reporting Framework (FRF...

Learn More

Planning for Changes

Big life changes are hard for just about everyone. One thing that can make any change easier is plan...

Learn More

Iowa First Time Homebuyers

The Iowa first time homebuyer savings account is a deduction that most people are not familiar with,...

Learn More

Business Succession

During the life cycle of a business, goals can be drastically different. Early on the goal may be ju...

Learn More

Five Ways to Bring Life to Financial Reports

As the financial report is given at your monthly board meetings, what is the atmosphere like? Are al...

Learn More

Financial Reporting Framework for Small and Mid-Sized Companies

Wendy Moran, Assurance Shareholder, has previously shared the significant changes coming up for GAAP...

Learn More

Historic Tax Credits – Third of a Three-Part Series

Iowa Historic Tax Credits: Qualified Rehabilitation Expenditures So far, the Historic Tax Credit (H...

Learn More

Sales Tax Compliance and Solutions

Sales tax is a hot topic right now due to the recently passed law of a 1% local sales tax raise in m...

Learn More

The Latest Edition of the MHCS Tax Route Has Arrived

In this edition of the MHCS Tax Route learn about the New Revenue Recognition Guidance, read part tw...

Learn More

The Tax Route - March 2019

In this edition of the MHCS Tax Route learn about the latest Tax Cuts and Jobs Act update, read abou...

Learn More

Changes to Personal Taxation on the Federal Income Tax Level

Tax Reform has caused many changes to personal taxation on the federal income tax level. Today, Nick...

Learn More

The Tax Route - October 2018

...

Learn More

What Are You Withholding?

Have you checked your current withholdings lately? No one likes surprises when it comes to paying ta...

Learn More

Drive Up

I just bought a new car for business. How much of the cost can I deduct?” As a CPA, this is by far o...

Learn More

The Tax Route - February 2018

...

Learn More

The Tax Route is Here - October 2017

...

Learn More

The Tax Route Has Arrived - May 2017

...

Learn More

The Tax Route - March 2017

...

Learn More

The Tax Route is Here - December 2016

...

Learn More

The Tax Route - September 2016

...

Learn More

MHCS Earns Several Recognitions & Awards

McGowen, Hurst, Clark & Smith, P.C. has been recognized by several organizations on both local and n...

Learn More