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.

HHM CPAs is proud to announce that Kyle Briner, CPA, has been selected for the Leadership Chattanooga 2025-2026 class.

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.

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.

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.

HHM CPAs is proud to announce that Beverly Edge, Chief Operating Officer, General Counsel, and Partner, has been named one of the 2025 Women of Distinction by the Greater Chattanooga community. She is among a select group of honorees recognized for their exceptional leadership and contributions to the region.

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.

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.

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