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MHM
  • About Us
    • Careers
    • Locations
  • Services
    • Audit & Assurance
      • Financial Statement Audits
      • EBP Audits
      • Public Company Services
      • Attest & Other Services
      • Systems and Organization Controls
    • Tax
      • State and Local Tax
      • Federal Tax
      • International Tax
      • Private Client Services
    • Advisory
      • Complex Accounting
      • Transition & Transaction Services
      • IT Security
  • Industries
    • Financial Services
    • Manufacturing & Distribution
    • Not-for-Profit & Education
    • Private Equity
    • Professional Services
    • Real Estate
    • Retail and Consumer Products
    • Technology & Life Sciences
    • Construction
  • Insights
    • Articles
    • Webinars
  • People
  • Contact Us
    • MHM Ethics Hotline

  1.  
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A group of CPA professionals

Knowing you is…

stepping beyond the numbers and seeing the value in people.
A group of CPA professionals

Knowing you is…

helping you explore growth opportunities domestically and abroad.
A group of CPA professionals

Knowing you is…

connecting with, and being involved in, your community.
A group of CPA professionals

Knowing you is…

supporting our people so they can give you their best.
A group of CPA professionals

Knowing you is…

realizing that life is about balance.
A group of CPA professionals

Knowing you is…

Being there for you when and where you need assistance.
26 Offices
Nationwide
157 Partners
 
10th Largest
Accounting Provider

Remote Practices for Financial Statement Audits That Are Here to Stay

COVID-19 changed how most businesses operate day-to-day. Similarly, many financial statement audit teams were tasked with migrating to a fully remote environment in order to complete year-end financial statement audits and other attest functions.

Learn More

Are We Moving to a Passwordless Future?

Alpha numeric passwords may be cracked by unauthorized users, passwordless authentication may help.

Learn More

MHM Adds Strong Presence in Pacific Northwest with Berntson Porter Acquisition

Mayer Hoffman McCann P.C. (MHM) announced that it has signed a definitive agreement to acquire the attest practice of Berntson Porter, a leading accounting service provider based in Bellevue, WA, with a closing effective May 1, 2021.

Learn More

  • The Crazy Crypto Crackdown: Recent IRS Activity with Cryptocurrency

     A closer look at what a recent court case says about cryptocurrency reporting.

  • New Corporate Tax Reporting Requirements for Virginia Announced

     Corporations subject to the Virginia state income tax have a new reporting requirement for 2021.

  • 3 Q1 2021 Accounting Updates to Keep on Your Radar

     These three accounting changes may affect 2021 financial reporting, particularly for non-public entities.

  • MHM Adds Strong Presence in Pacific Northwest with Berntson Porter Acquisition

     Mayer Hoffman McCann P.C. (MHM) announced that it has signed a definitive agreement to acquire the attest practice of Berntson Porter, a leading accounting service provider based in Bellevue, WA, with a closing effective May 1, 2021.

  • Are We Moving to a Passwordless Future?

     Alpha numeric passwords may be cracked by unauthorized users, passwordless authentication may help.

  • Remote Practices for Financial Statement Audits That Are Here to Stay

     COVID-19 changed how most businesses operate day-to-day. Similarly, many financial statement audit teams were tasked with migrating to a fully remote environment in order to complete year-end financial statement audits and other attest functions.

  • Biden’s American Families Plan Enhances Child Care and Education, Targets Wealthy Taxpayers

     Here is a closer look at the Biden Administration's American Families Plan.

  • New Accounting Alternative for Evaluating Goodwill Impairment Triggering Events

     Private entities that select a new accounting alternative may be able to skip a test of goodwill impairment in 2020.

  • How to Account for Deferred Revenue in Purchase Accounting

     More deals give rise to questions on deferred revenue accounting.

  • Last Call: 3 Tax Extension Updates to Note

     The filing deadline for 2020 individual tax returns was postponed from April 15 to May 17, 2021, but the postponement did not apply universally.

  • Why Zero Trust Could Take Center Stage in IT Strategies

     Remote work highlights the importance of an information security model called Zero Trust.

  • Construction Vital Statistics - March 2021

     View key metrics regarding the construction industry for the month of February.

  • Construction Vital Statistics - February 2021

     View key metrics regarding the construction industry for the month of February.

  • Hospitality Industry to Receive Cash Grants under the Restaurant Revitalization Fund

     Here are some provisions of the American Rescue Plan Act of 2021 affecting restaurants.

  • The Role R&D Tax Credits Play in Recovery and Realignment

     Here’s the forecast for using research and development tax credits.

  • American Rescue Plan’s Impact on Not-for-Profits

     Here’s a look at what the recent stimulus law means for not-for-profit organizations.

  • IRS Extends Filing Season for Individual Taxpayers to May 17

     The IRS delayed 2020 tax year individual tax filings until May 17, 2021.

  • 4 Ways to Evolve Your Cybersecurity Approach for Today’s Needs

     Tips for evolving your cybersecurity strategy for 2021.

  • Update on Reporting EU Cross-Border Arrangements

     International Tax Update Q1 2021

  • Trouble with COVID-19 Scams Continues in 2021

     Be on the look for continued scam activity regarding COVID-19.

  • Are You Ready For The Next Big Change In 401(K) Plans Under The Secure Act?

     401(K) plans required to permit long-term, part-time employees to defer.

  • CPA Exam Gets Refresh After Practice Analysis

     Barry Berkowitz, MHM Shareholder in our Philadelphia office, comments on new changes to the CPA Exam.

  • Biden Stimulus Plan Crosses the Finish Line

     A look at the new stimulus legislation.

  • Deciphering the 2020 Form 1040 Virtual Currency Question

     Nuances revealed in an IRS FAQ may affect individuals with cryptocurrency dealings.

  • Why Now is a Good Time to Revisit Fair Value Accounting

     Here are some points to consider when applying fair value accounting in 2021.

  • COVID-19 Stimulus, Low-Interest Rates Brings FDICIA Obligations for Banks

     Banks previously not subject to the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) may soon find themselves with new reporting requirements.

  • No PPP Loan for Your Not-for-Profit? Consider Shuttered Venue Operator Grants

     Shuttered Venue Operator Grants may help cultural institutions hard hit by the COVID-19 disruption.

  • IRS Softens Impact of Some Rules under Final Carried Interest Regulations

     Final rules on carried interests are more taxpayer-friendly

  • 5 Tax Moves That Could Lead to Big Savings

     If your organization hasn’t considered some of these plays recently, you may want to explore the following provisions in short order.

  • Key Private Equity Takeaways Related to Proposed Partnership Audit Rule Change

     When released as part of the Bipartisan Budget Act of 2015 (the BBA), several elements of the IRS audit rules for partnerships and LLCs were unclear, including opt out rules, methods for modifying an imputed underpayment, and allocation of imputed underpayments.

  • Diving Deeper into Carried Interest Regulations for PE/VC

     Final carried interest regulations bring significant changes to private equity and venture capital firms.

  • Ransomware Hackers Shift Focus to Manufacturing and Utilities

     Manufacturers should be aware of the growing risks in the information security environment.

  • Your Guide to Responding to Information Security and Data Breaches

     Here’s how to prepare your response to an information security incident.

  • Identifying Triggering Events & Other Impairment Updates to Know

     Business disruption makes asset impairment an important consideration. Here are tips to know.

  • The Latest Final Section 163(j) Regulations and Their Impact on Private Equity/Venture Capital

     Here is a look at what the business interest expense regulations could mean for private equity and venture capital firms.

  • Ways Not-for-Profits Can Maximize the Consolidated Appropriations Act Stimulus Relief

     Here are some ways that not-for-profit organizations can tap into stimulus benefits.

  • How Public Company Auditor Independence Rule Changes Affect Your Company

     A new SEC rule change may make it easier for pre-IPO and public companies to select an independent auditor.

  • New Standard Simplifies Franchisor Accounting for Revenue

     The adoption of new revenue recognition in ASC Topic 606, Revenue from Contracts with Customers, introduced added complexity in the accounting for pre-opening services for franchisors.

  • Construction Vital Statistics - December 2020

     View key metrics regarding the construction industry for the month of December.

  • Biden Administration’s $1.9 Trillion Stimulus Plan Outlined

     Here is a look at the Biden plan for COVID-19 relief.

  • 2021 Accounting Preview

     The following are 2021 accounting notes for public and private companies.

  • Don’t Miss Out on the Newly Supercharged Employee Retention Tax Credit

     The Employee Retention Tax Credit (ERTC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but limitations on its availability tempered interest in the relief measure.

  • 4 Tax and Legislative Developments to Monitor in the New Legislative Session

     Here are some changes to expect after the presidential inauguration.

  • Construction Vital Statistics - November 2020

     View key metrics regarding the construction industry for the month of November

  • IRS Clarifies Tax Treatment Resulting from the Sales of Foreign Partners’ Interests

     The IRS and Treasury Department recently published final regulations on the tax treatment of the sale of partnership interests held by foreign partners.

  • 8 Ways Organizations Can Take Advantage of the New Stimulus Legislation

     The following 8 provisions in the new stimulus law are worth a closer review.

  • Accounting Considerations for 2020 Year-End Reporting

     Accounting for 2020 requires analysis of COVID-19 impact as well as accounting standard changes.

  • Evaluating Economic Nexus & Market-Based Sourcing for Your Funds

     Private equity and venture capital firms should monitor how market-based sourcing affects their funds’ tax obligations.

  • Construction Vital Statistics - October 2020

     View key metrics regarding the construction industry for the month of October

  • Updated Section 163(j) Guidance for Private Equity and Venture Capital Funds

     Recent IRS regulations provide additional guidance for partnerships on the business interest expense limitation.

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    MHM. Knowing You.

    Contact Us

    About Us

    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    A member of Kreston International |
    A global network of accounting firms

    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.

    About Us

    MHM (Mayer Hoffman McCann P.C.) is an independent CPA firm dedicated to learning about your organization and helping you meet your requirements and make informed decisions. We use our global resources and 60-plus years of experience serving growth-oriented public, private and not-for-profit organizations, to bring you best practices and sound guidance.

    MHM. Knowing You.

    Contact Us

    A member of Kreston International |
    A global network of accounting firms

    Client Portal | Careers | Terms of Use | Privacy Policy

    Copyright 2021 Mayer Hoffman McCann P.C. All rights reserved.