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  • Is This Your Situation: Keeping Track of Inventory

    Most businesses that manage their accounting use QuickBooks. But if a company needs to handle inventory or manufacturing costs, additional tools may be needed. Click through to learn about solutions for tracking inventory.

    Saved on 06-07-2022 - Remove
  • Is This Your Situation: Trying to Get a Handle on Budgeting Success in Manufacturing

    Do you have concerns about your annual budget? How do you know whether you're spending more money than you earn? Click through to learn how to budget for success in the manufacturing industry.

    Saved on 04-18-2022 - Remove
  • Factory Automation Grants - How They Help Your Business

    There are currently two types of Iowa manufacturer grants available. Applicants can apply for one or both grants as long as the lifetime maximum amount of awards does not exceed $75,000 per applicant.

    Saved on 04-18-2022 - Remove
  • Supply Chains and Logistics

    Availability, timing, shipping and seasonal availability — key factors that need to work together. Click through to see that accounting can help logistics, cut excess costs, and deliver products in a quick and cost-effective way.

    Saved on 04-18-2022 - Remove
  • A Fresh Look at Revenue Management for the Manufacturing Industry

    Can your manufacturing facility benefit from a fresh look at revenue management? Click through to learn about the new world of revenue management and how it can affect your business.

    Saved on 04-18-2022 - Remove
  • Inventory Management: Key to a Lean Operation

    Do you have an overarching plan for inventory management? If not, you're leaving money on the table. Click through for details on how to organize and streamline your process for greater efficiency.

    Saved on 04-18-2022 - Remove
  • Overwhelmed by Manufacturing Tax Credits

    There are many provisions that specifically apply to manufacturing businesses, but information can be complicated and difficult to navigate. Click through to find out what you can do today to get special tax credits and deductions for your operations.

    Saved on 04-18-2022 - Remove
  • Section 174 Research Deduction Changes for 2022

    Have you been deducting your R&D expenses as they occur? Starting in the new year, that's off the table. You will have to amortize them over multiple years. Click through for an overview of the new Sec. 174 rules.

    Saved on 04-18-2022 - Remove
  • Figuring Out Your Business Taxes

    Taxes aren't just for people, they're also for businesses. Do you know which business taxes you'll need to pay? Click through for an introduction to what your company owes the IRS.

    Saved on 04-18-2022 - Remove
  • Business Deductions: A Quick Review

    Business expenses are the cost of carrying on a trade or business. Sometimes, the IRS gives you a tax break for your expenses. Click through for an introduction to the complex world of business tax deductions.

    Saved on 04-18-2022 - Remove
  • Do You Need an Outsourced CFO?

    Whether your firm is experiencing rapid growth or struggling financially, you can turn to expert advice without expanding head count. Click through for information on hiring a CFO for a set period to get yourself on track.

    Saved on 04-18-2022 - Remove
  • January Tax Due Date Is Approaching

    Businesses have to adhere to a strict tax schedule, and January 31 is a red-letter date. A variety of filings are due. Click through for an overview of your business tax responsibilities as the year draws to a close.

    Saved on 04-18-2022 - Remove
  • Payroll Tax Rates and Contribution Limits for 2022

    The payroll tax rates and contribution limits for 2022 have been released, and there are lots of changes. Click through to see exactly what is changing so you can make plans for the coming months.

    Saved on 04-18-2022 - Remove
  • IRS Offers Guidance on ERC

    The Infrastructure Investment and Jobs Act amended the law so that the Employee Retention Credit applies only to wages paid before October 1, 2021, in most cases. Click through for new guidance on how to manage this change.

    Saved on 04-18-2022 - Remove
  • What To Know About the New Lease Accounting Standard

    The effective date for private companies to comply with Accounting Standards Codification 842 is on the horizon. The new standard clarifies definitions and businesses will need to make sure they're familiar with the terms. Click through to make sure you're familiar with the basics.

    Saved on 04-18-2022 - Remove
  • Deducting Business Expenses: Separating Fact From Myth

    Few business tax issues are as confusing or as subject to misunderstanding as what you can deduct. Mistakes can lead to wasted money and serious legal trouble. Click through for an introduction to what is and what is not deductible.

    Saved on 04-18-2022 - Remove
  • Should You Lease or Buy: Making the Best Choice

    When your business needs new equipment, you have to decide whether you should lease or buy what you need. Is an operating lease the right move for your company? Or would a capital lease be better? Click through for an introduction to complex leasing rules.

    Saved on 04-18-2022 - Remove
  • Supply Chains of the Future

    Having a supply chain that is ready for whatever is next is a big part of the puzzle that is the new normal. But what if the new normal shifts again? Click here to read more about steps you can take to protect your supply chain.

    Saved on 07-15-2022 - Remove
  • How To Manage the 3 Major Supply Chain Risks

    Managing supply chains in uncertain times means understanding the risks and finding ways to mitigate them — the pandemic showed us that! Click through to read about managing three major supply chain risks.

    Saved on 07-15-2022 - Remove
  • Supply Chain and Cash Flow – 5 Issues to Consider

    It may be years before we realize the extent of the business changes wrought by COVID-19 and the associated market crisis. But it’s not too early to figure out how to manage the. Click through for key crisis-management strategies.

    Saved on 07-15-2022 - Remove
  • How to Accelerate Your Supply Chain Resilience Strategy

    If you’re among those who feel that the threat of disruption is higher than ever in the manufacturing industry, you are not alone. That’s why it’s critical for you to create a supply chain resilience plan and implement a risk management strategy today.

    Saved on 07-15-2022 - Remove
  • Future-Forward Manufacturing

    Manufacturing has taken a hit as a result of the Covid-19 pandemic. But companies that are ready to retool and refocus may be able to take advantage of several opportunities. Click through for tips on moving into the next phase.

    Saved on 07-15-2022 - Remove
  • Supply Chains and Logistics

    Availability, timing, shipping and seasonal availability — key factors that need to work together. Click through to see that accounting can help logistics, cut excess costs, and deliver products in a quick and cost-effective way.

    Saved on 07-15-2022 - Remove
  • Is This Your Situation: Needing to Start Year-Round Tax Planning

    You never should wait until April to think about your taxes. Click through to learn all the ways year-round tax planning can save your business a lot of money.

    Saved on 07-15-2022 - Remove
  • What Business Owners Need To Know About Depreciation

    As a business owner, there are many things you can depreciation when it comes to tax time, reducing your overall tax liability. Here are some tips.

    Saved on 07-15-2022 - Remove
  • 2022 Tax Incentives for Manufacturing Companies

    The U.S. government has once again renewed the Section 179 Tax Deduction providing a $1,080,000 write-off for 2022, with 100% bonus depreciation good through 2022. 

    Saved on 07-15-2022 - Remove
  • 7 Business and License Permits for Manufacturers in 2022

    If your business is expanding, here are several business and license permit requirements to keep in mind. From sales tax to land use, keep this list handy.

    Saved on 07-15-2022 - Remove
  • 9 Ways To Avoid an IRS Audit

    Does the fear of receiving a notice from the Internal Revenue Service regarding an audit keep you awake at night? Click through for insight into how you can avoid an IRS audit.

    Saved on 07-15-2022 - Remove
  • Manufacturing Trends for 2022

    Some of these trends we’ve been hearing about for years, such as onshore rather than offshore, are mostly due to the supply chain issues we’ve been dealing with. But there are other trends also impacting the industry that you should know about.

    Saved on 07-15-2022 - Remove
  • The Tax Implications of Independent Contractors

    Not everyone who works for you is an employee. Some may be independent contractors. This means a simpler tax situation for you, so the distinction is important. Click through for tips on figuring out what kind of workforce you have and how to handle your tax responsibilities.

    Saved on 06-09-2022 - Remove
  • FIFO or LIFO: Which Is Right for Your Business?

    The way businesses value inventory can affect their taxes and financial statements. Here is how to choose the best option for your business to meet its goals.

    Saved on 06-09-2022 - Remove
  • Inventory Management: Key to a Lean Operation

    Valuing inventory helps establish the costs of goods sold and how much profit you’re making. Here’s how to minimizing waste while maximizing productivity.

    Saved on 06-09-2022 - Remove
  • Getting Representation Before the IRS

    It's one of the fundamental rights of all taxpayers: You're entitled to have representation in dealings with the IRS, even if you choose not to appear at the interview in person. Click through to learn how to retain an authorized representative for that help.

    Saved on 07-22-2022 - Remove
  • What To Know About Business Financial Ratios

    Understanding key financial ratios can make you a better manager. Once you know what the numbers reveal, you can take actionable lessons from them. Click through for an introduction to how ratios can offer important insights for your business and your investments.

    Saved on 07-23-2022 - Remove
  • Encourage Your Employees To Review Federal Withholding Each Year

    Each year, employees may undergo life changes that could affect their income tax withholding. This is why it’s important to remind your employees to review their withholding every year, especially as they're currently filing income tax returns. Click through to learn what employees should do once a year.

    Saved on 07-24-2022 - Remove
  • Consider These Tips for Early Retirement

    Contributing to your workplace retirement plan, avoiding withdrawals, paying off debts, and setting up multiple sources of income are four ways to retire sooner. Click through for more ideas on how to put your work life behind you at a younger age.

    Saved on 07-24-2022 - Remove
  • A Positive Audit: Internal Risk Assessment for Manufacturers

    An internal audit can generate strategic and tactical business improvements before an outside auditor knocks on your door. Click through to consider possible audit issues for manufacturers.

    Saved on 07-26-2022 - Remove
  • Going Green Can Save You Some Green

    Thinking about going green? It's not just good policy, but it's good business too, helping the planet while you help yourself. Click through for some ideas on how you can become more eco-friendly.

    Saved on 07-26-2022 - Remove
  • AI and Manufacturing: The Future Is Now

    For manufacturers, the future is now when it comes to adopting artificial intelligence. Manufacturing leaders already are adopting it, and those who do not are likely to be left behind in this new "revolution." Click here to read more.

    Saved on 07-26-2022 - Remove
  • Don't Let Undercapitalization Affect Your Manufacturing Company

    What is undercapitalization? It means you may not have enough money to keep going. Click through to learn how undercapitalization can affect your manufacturing facility, and what you can do to avoid it.

    Saved on 07-26-2022 - Remove
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MHCS
1601 West Lakes Parkway, Suite 300
West Des Moines, IA 50266
Phone: 515-288-3279
Fax: 515-280-1490
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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