Given the continued rise in IRS-related scams, we encourage all clients to remain vigilant when reviewing any tax-related correspondence.

Making estimated tax payments throughout the year can help reduce penalties and prevent unexpected tax bills at filing time.

The judgments made around grants, contracts, donor restrictions, and conditions directly affect financial reporting, operational planning, compliance, and stakeholder communication.

Taxpayers with unused adoption credit carryforwards should continue to file their 2025 tax returns as normal while monitoring future IRS guidance for updated claim procedures and potential adjustments.

Static pool analysis helps management measure that performance and make better decisions before losses become larger. 

Automobile dealerships must file IRS Form 8300 when they receive more than $10,000 in cash from a customer in a single transaction or related transactions.

Failing to pay attention to interest expense can be a significant drain on a dealership’s cashflow that will can subtly erode profit margins over time

City governments often rely on federal and state funding to support infrastructure, public safety, transportation, utilities, community development, and a wide range of public services.

Success in an internship comes down to preparation and presence: arrive ready to learn, take ownership of your tasks, let the quality of your work speak for itself, and remain visible.

City governments are no strangers to new accounting standards, but not every GASB statement changes day-to-day accounting in a major way.

For individuals, trusts, and corporations that make quarterly estimated tax payments, the deadline to make first quarter payments for tax year 2026 (January 1–March 31) is Wednesday, April 15.

In celebration of Women’s History Month and the incredible women in leadership roles at HHM CPAs, we are proud to highlight Kira Wheat, a partner at HHM CPAs in the Chattanooga office.

This article addresses exemptions that are frequently used including: Family-Owned Non-Corporate Entities (FONCE), Venture Capital Fund, Farming/Personal Residence, and Obligated Member Entity (OME).

By focusing on a few key areas ahead of the audit, the committee can help ensure financial reporting is organized, accurate, and ready for review.

Florida offers a variety of tax exemptions, including property tax relief for homeowners and sales tax exemptions for government entities, nonprofits and certain goods.

In celebration of Women’s History Month and the incredible women in leadership roles at HHM CPAs, we are proud to highlight Paula Mashburn, a partner at HHM CPAs in the Pensacola office.

As real estate prices continue to rise, owners of undeveloped "raw" land are finding property development an increasingly attractive opportunity.

Upcoming deadlines to keep on your radar.

After years of watching bonus depreciation phase down, it’s back, and this time, it’s here to stay.

Having accounting personnel perform bank reconciliations early and consistently can prevent issues further down the road.

Companies are now able to access enhanced deductions and tax credits, which in turn contribute to a notable increase in after-tax cash flow.

Notice 2026-11 delivers certainty, opportunity, and a permanent 100% bonus depreciation rule. For dealerships investing in facilities and equipment, it’s good news but like most good things in tax, it works best with a plan.

To protect themselves, taxpayers who need proof of a specific mailing date should request a manual (local) postmark at the post office when they mail an item or use services such as certified mail and retain the receipt.

Hiring your children in your business provides substantial tax savings for both your business and your household. There are many intricacies and strict rules involved in this practice, however, so please reach out to HHM CPAs and let us know how we can assist you in this endeavor.