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.