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The IRS recently released guidance on the termination of the Employee Retention Credit.
It’s critical to properly calculate your Required Minimum Distribution (RMD) amount each year to avoid major tax consequences.
On November 15, 2021, President Biden officially signed the Infrastructure Investment and Jobs Act of 2021("IIJA").
Keeping up with the abundance of tax deadlines during the year can be a challenging and stressful undertaking, so we have compiled this list to help guide you through some of the key upcoming first quarter deadlines.
The plan sponsor should have a well-documented process breaking down the responsibilities of individuals implementing the plan and a “tone at the top” mind set to make sure these processes are in place, exercised, and regularly reviewed for improvement.
If you participate in a traditional plan, it might be beneficial to consider adding or amending to a safe harbor plan.
Dealerships who have elected and are maintaining LIFO reserves should be planning and assessing the impact now of reduced inventory levels.
Map out a year-end tax plan and prepare for the year ahead using our Tax Planning Guides.
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has increased to $20,500.
Employee Retention Credit to end September 30, 2021 instead of at year end.
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It is important to begin preparing your business records towards the end of the year to ensure a smooth tax filing process.
As we approach the end of 2021, it’s time to start thinking about closing out your books and preparing for the March 15, 2022, Federal tax filing deadline.
The tenth annual #GivingTuesday will take place on Tuesday, November 30th, 2021.
If your business was affected by a natural disaster during 2020, you could qualify for the disaster zone employee retention tax credit.
New requirements to claim research credits on an amended tax return.
Adam Osborne recognized in Cleveland Banner's Top 20 Under 40.
As a result of the COVID-19 pandemic, Congress ushered in legislation to lighten the tax burden on individuals and businesses.
When divorce is imminent or in progress, there are a few financial preparation steps available to help minimize the cost and headache of sorting out divorce’s financial implications.
The technology industry is proving out its resilience. Tech companies are being relied upon more than ever to accommodate remote work.
The federal government’s response to the novel coronavirus (COVID-19) has included many tax law changes. To simplify matters, let’s look
Brittany Carman and Britany Foley outlined tax and PPP considerations as we close the books for the year 2020.
Although not required for all nonprofit organizations, there are a few circumstances that may trigger the need for an independent audit.
2019 Spring Construction Newsletter
2019 Summer Construction Newsletter
Let’s go ahead and state the obvious: inflation is real and car prices aren’t immune to inflation.
HHM CPAs' Matt Stelzman has been elected to serve on the (“NACVA”) Executive Advisory Board (“EAB”).
The Tax Cuts and Jobs Act (TCJA), signed into law in December 2017, contains many provisions benefiting auto dealerships.
The latest emergency Coronavirus relief package introduced M&E changes and provides a temporary full deduction of certain business meals.
Matt Stelzman, an HHM CPAs business valuation professional, was hired by an attorney to determine the value of a local family-owned business
Overview of the clarified guidance and how employers can qualify for and maximize the credit for 2020 and 2021.
Revenue recognition, leases, and the new not-for-profit reporting model.
The SBA has released PPP calculation guidance in time for the opening of Second Draw PPP loans.
Small businesses have two more months to apply for PPP loans.
To Our Valued Clients
Webinar: Understanding the New SBA Loan Program
A new, tax advantaged investment vehicle has emerged called Opportunity Zone Funds (OZF).
Imagine for a second that you are on a business trip and instead of hanging out in your hotel room.
HHM CPAs is proud to sponsor Trident Transport’s Second Annual Cornhole Tournament to benefit Child Life Services at T.C