HHM was proud to sponsor and participate in this year’s Women United Gala, hosted by the United Way of the Ocoee Region. Journeying back in time to the Wild West and the era of speakeasies, all while raising money for the community was the perfect way to spend an afternoon.

Short-term rental properties, such as Airbnbs and VRBOs, have become an increasingly popular way for property investors and homeowners to utilize their properties.

The IRS has unveiled its paperless processing initiative, which will allow taxpayers the option to received paperless correspondence by the 2024 filing season, with the goal to go fully paperless for all tax returns for the 2025 season.

Upcoming tax deadlines to note.

Beginning on Jan. 1, 2024, many corporations, limited liability companies and other entities created or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

While being just over halfway through 2023, you still have the opportunity to tap into the employee retention credit (ERC) that came about as part of the various COVID relief programs. However, it is important to understand the guidance issued by the IRS surrounding the program.