Blog

Real Estate Investor vs. Dealer: Understanding the Differences and Tax Implications

As real estate prices continue to rise, owners of undeveloped "raw" land are finding property development an increasingly attractive opportunity.

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Upcoming Tax Deadlines Q1-Q2 2026

Upcoming deadlines to keep on your radar.

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Permanent 100% Bonus Depreciation: Notice 2026-11 Made Simple

After years of watching bonus depreciation phase down, it’s back, and this time, it’s here to stay.

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The Importance of Bank Reconciliations in Dealerships

Having accounting personnel perform bank reconciliations early and consistently can prevent issues further down the road.

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Cash Flow Planning for 2026: What Business Owners Should Be Doing Now

Companies are now able to access enhanced deductions and tax credits, which in turn contribute to a notable increase in after-tax cash flow.

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What Permanent 100% Bonus Depreciation Means for Auto Dealerships

Notice 2026-11 delivers certainty, opportunity, and a permanent 100% bonus depreciation rule. For dealerships investing in facilities and equipment, it’s good news but like most good things in tax, it works best with a plan.

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Postal Service Rule for Postmark Dates

To protect themselves, taxpayers who need proof of a specific mailing date should request a manual (local) postmark at the post office when they mail an item or use services such as certified mail and retain the receipt.

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Employing Your Children in Your Business: Tax Benefits, Rules, and Planning Tips

Hiring your children in your business provides substantial tax savings for both your business and your household. There are many intricacies and strict rules involved in this practice, however, so please reach out to HHM CPAs and let us know how we can assist you in this endeavor.

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Education and Family Tax Benefits Under Reconciliation Bill H.R. 1

Tax provisions aimed at supporting families and expanding access to education-related tax benefits.

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2026 Alabama Contractors License Renewal Guide

Step-by-step guide on how to renew your contractor's license.

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Blue Sky: The New Normal

After a record-setting surge during the pandemic, dealership blue sky values have begun to stabilize

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Business Meal Deductions: Current Rules and Key Reminders

Business meals with clients will remain 50% deductible as long as they are directly related to business ventures.

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IRS Update: 2025 Act Guidance & 2026 Filing Prep

Now known as the 2025 Act, the IRS has recently provided guidance for these new tax provisions as well as some for older ones. The briefing also discusses a new bill recently signed and a final reminder as we move into 2026.Guidance on “Trump Accounts”

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Key Tax Considerations for First-Generation Business Owners

Starting a business without inheriting systems or tax strategies in entrepreneurship can make navigating the U.S. tax system complex. However, understanding key tax considerations early can help you avoid costly mistakes and set a rock-solid foundation for long-term success.

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Upcoming Tax Due Dates (January - February 2026)

There are several important tax deadlines for both businesses and individuals just around the corner.

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HHM CPAs Welcomes New Staff in Chattanooga and Cleveland

Firm adds tax supervisor and several senior and staff-level professionals across its offices

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Construction Industry Outlook for 2026

Outlook on Opportunities and Challenges Across the Construction Market in 2026

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Filing-Season Tax Moves: What You Can Still Do in January

As tax season approaches, it’s important to consider ways to save before you file your return.

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What the H.R.1 Bill Means for the 2025 Adoption Tax Credit

With the passing of the H.R.1 Reconciliation Bill, federal adoption tax credits have become more beneficial in 2025.

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Tariff Turbulence: What New Trade Policies Mean for Auto Dealers

As technology and industry continue to advance, the nations of the world rely on each other’s specialties more than ever.

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Dealerships: Adapting Reinsurance Programs for Today’s Economic Environment

Our most successful dealers evaluate both reimbursement and contract cost quarterly or biannually. This allows for adjustments in smaller increments to limit the disruption to the service department and F&I sales process. 

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Florida Weighs Property Tax Overhaul

The Florida legislature is preparing to take up proposals to overhaul the property tax system in the State of Florida.

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Bonus Depreciation and Qualified Production Property Provisions Make an Excellent Tax Planning Team, Especially for Manufacturers‍

Recent tax law changes have reshaped the landscape for potential depreciation-related tax planning strategies.

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Upcoming Tax Deadlines: December 2025 – January 2026

Several important tax deadlines for individuals and businesses are approaching.

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