IRS postpones various tax deadlines to Nov. 3 for Mississippi storm victims

Florida governor Ron DeSantis signed bills implementing the state’s $117.4 billion budget for fiscal year 2025-2026. Included in the budget was HB 7031 which permanently eliminates the sales tax on commercial leases beginning October 1, 2025. It is estimated that this will save Florida businesses approximately $900 million per year.

With the recent passage of the Fiscal Year 2025-2026 budget the Florida House, Senate, and Governor Ron DeSantis came together to revamp holidays that the state has traditionally seen year to year and bring back some familiar holidays Floridians are used to seeing.

On July 1, 2025, the Senate narrowly passed its version of the “One Big Beautiful Bill,” with Vice President JD Vance casting the tie-breaking vote after an extended session. The bill now returns to the House for further review and possible amendments.

This article highlights several key assurance considerations for construction companies and how they can support financial clarity and operational efficiency.

The proposed Republican tax bill often referred to as the “One Big Beautiful Bill” has advanced significantly, with the House passing the legislation in late May 2025. The bill is now awaiting Senate consideration and possible modification before it could become law.

For calendar-year QOFs, June 30, 2025, is the first testing date to determine compliance with the 90% investment standard, commonly known as the 90% test.

Tennessee is stepping up its commitment to data privacy with the passage of the Tennessee Information Protection Act (TIPA), which goes into effect on July 1, 2025.

For individuals, trusts, and corporations that make quarterly estimated tax payments, the deadline to make second quarter payments for tax year 2025 is Monday, June 16th, unless you qualify for IRS disaster relief.

Qualified Opportunity Funds (QOZ) can still be a beneficial investment in 2025. The advantages are more limited than in earlier years due to the expiration of some key tax incentives.

For families who own closely held businesses, the estate tax can be especially burdensome, potentially forcing the sale of a family business just to cover the tax bill. That’s why proactive estate planning is so critical, especially for high-net-worth individuals.

The final deadline for submitting amended returns and refund claims is Monday, December 2, 2024.

As Congress debates one of the most significant tax packages in years, businesses and individuals are watching closely to see how the proposed tax bill could impact their bottom line.

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.

Sitting for the CPA exam can be intimidating and stressful, especially if have already accepted a full-time position. Here are some helpful tips to get through this monumental four part test.

Reflections from a 2025 tax season intern.

In a continued response to industry concerns regarding the accessibility of CPA licensure, the Tennessee House of Representatives has passed HB 1330, a widely anticipated update to legislature that adds a new pathway to becoming a certified public accountant in Tennessee.

Tips for first year accountants from a first year accountant.

IRS further postpones various tax deadlines to Sept. 25 for North Carolina storm victims

HHM CPAs, a Chattanooga-based full-service certified public accounting and consulting firm, has completed its renovation of Cleveland’s historic Harle Building and opened its doors for business once again to the Bradley County community.

On March 27, 2025, Mississippi Governor, Tate Reeves, signed new legislation that will phase out the state’s individual income tax over time.

The IRS has extended federal tax relief to all of Tennessee, providing individuals and businesses affected by recent storms with extended filing and payment deadlines until November 3, 2025.

Spring tax deadlines to be aware of.

Adam Osborne honored at the Annual Impact Report & Awards Celebration