Experts in Tax
MHCS offers more than standard tax preparation services for business and personal returns. Our fully comprehensive and integrated tax planning consultation works to enhance your bottom line by studying each situation from all sides.
Income tax projections and planning:
Our team is constantly monitoring and staying up to date on the latest changes in tax laws and regulations so you don’t have to. We assess your tax situation and help you understand how you will be affected and then find the innovative solutions and opportunities to maximize your bottom line.
State and local taxation (SALT):
No matter your size, scope or state regulations, our tax experts are knowledgeable and ready to work to with your business. We analyze your state income and sales tax to minimize potential exposures, ultimately saving you money.
Cost segregation and R&D studies:
We can provide an in-depth analysis of the costs incurred to build, acquire or renovate a real estate holding. These costs have typical capitalization and depreciation guidelines, but we help determine if you are eligible for accelerated depreciation. Reducing these tax lives allows you to save by significantly decreasing your tax liability and increase cash flow.
Research and Development Tax Credit:
The R&D tax credit rewards businesses for their time and money dedicated to innovation, however, many small-to-mid sized businesses often miss these opportunities. MHCS is one of the few local tax preparers with the resources to offer a comprehensive approach to deliver these credits for your business.
This tax credit is rewarded on effort, not outcomes. Businesses in manufacturing, science, information and technical services tend to qualify.
Estate and Gift Tax Planning:
Your estate and gift plan plans out your financial wishes, who handles medical affairs and other important decisions. With MHCS, these matters are handled with total consideration and care. A solid estate plan not only protects your estate and loved ones; it also protects you against heavy taxation, frees up assets for immediate financial needs, avoids probate and can often help you minimize or avoid estate taxes. We work seamlessly with your wealth management advisor and estate attorney to build a plan you’re comfortable with.
Meet a member of the tax team:
Nick Finkenauer
Nick joined MHCS in November 2012 and brings over 18 years of experience in public accounting. He leads the firm's Construction and Real Estate practice, specializing in Partnership Taxation, State and Local Taxation (SALT), and advising closely held businesses. Originally from Sherrill, Iowa, Nick attended the University of Northern Iowa, where he earned his degree in Accounting. He is also a graduate of the West Des Moines Leadership Academy, Iowa Motor Truck Association Leadership Academy and Leadership Iowa (Class of 2021). Nick currently resides in Grimes, Iowa, with his wife, Nicki, and their three children. In his free time, Nick enjoys coaching and watching his children's activities, playing golf, and spending time outdoors.