Jacob Pardue, manager at HHM CPAs, dives into key dealership-specific tax planning strategies and considerations. He discusses how automotive businesses can navigate the challenges of expense control, budgeting, and year-end planning to optimize their tax positions.

With the election behind us, it’s the perfect time to focus on year-end tax planning

13 Signs You May Be Victim To A Romance Scam

As part of our Tax Planning Series, we’re diving into important updates and strategies to help you prepare for the 2024 tax season. From inflation adjustments to tax brackets and deductions to special credits and end-of-year planning opportunities, Zach Kanady, supervisor at HHM CPAs, covers these important topics and more in a Q&A.

November 17-23 is Fraud Awareness Week in 2024, which presents an opportunity to remind everyone that fraud continues to rise throughout the world. It’s also a great time to discuss ways to prevent fraud and perhaps reduce the number of people who fall victim to the schemes and scams that seem to multiply daily.

The top 5 things you can do to make your W-2 reporting process go smoothly. 

In the last month Hurricanes Helene and Milton alone have caused billions of dollars of damage across much of the Southeastern United States. Other federally declared disasters this year include widespread flooding in Illinois, wildfires in New Mexico, and tropical storms in Pennsylvania and Georgia. Victims of these disasters may be eligible for tax relief.

Upcoming tax deadlines.

This December 3rd marks the 13th anniversary of Giving Tuesday.

The end of year is an important time for small businesses. It is important because it is a great time to review your business operations and performance. Not only to prepare for taxes but also make plans for next year. So, what should you do and where should you start?

Uncertain times are inevitable and planning ahead is the best way to prepare yourself and your family for unforeseen hardships. When it comes to protecting your assets in economic ebbs and flows, the first line of defense is reviewing your estate plan to ensure you are utilizing the best strategies now and for the future.

October is Estate Planning Month and now is a great time to consider spending some time reviewing your tax and financial situation to see if you are doing enough to prepare for the future.

This guide summarizes the key requirements and exemptions of the CTA.

Many organizations need help distinguishing between event revenue and restricted donations. This distinction ensures accurate financial records and compliance with regulations.

On August 9, 2024, the IRS announced tax relief for individuals and businesses in South Carolina, North Carolina, Florida, and Georgia affected by Hurricane Debby.

Highlights from the recent ERC update

Florida had the second-highest number of complaints and losses, totaling $294 million. Georgia, Tennessee, and Alabama also saw significant complaints and financial losses.

The time to act is now, while the higher exemptions are still in effect.

We partnered with Truist to help dealers develop strategies and tactics to combat fraud.

The Florida Department of Revenue recently released Tax Information Publication (TIP) 24A01-02 which announced a reduction in the state sales tax on the “total rent charged for renting, leasing, or granting a license to use real property” from 4.5% to 2% as of June 1, 2024.

We are halfway through the year and we all know how quickly time passes after the summer. Below are the top five things you can do now to make your January 2025 information reporting process go smoothly.