QPRTs remain a technical, narrowly-tailored planning tool. Their effectiveness depends on the grantor's age, the term selected, the prevailing Section 7520 rate, and careful attention to post-term rent and GST/ETIP issues.

Designated Officials of S corps and C corps who registered for a Business Tax Account in 2025 have an upcoming deadline to renew their role.

Florida 2026 Sales Tax Holidays and Updates

2026 Tax Free Weekend

IRS’ New Easy Button for Penalty Relief

Beginning in 2027, taxpayers will be eligible to claim a federal income tax credit, formally known as the Federal Tax Credit for Scholarships (FTCS), for donations made to qualified Scholarship Granting Organizations (SGOs).

In today’s environment, lower dealership valuations aren’t just a challenge—they’re an opportunity. Using this window to transfer ownership at reduced values, leveraging tools like IDGTs, and preparing for upcoming estate tax changes can create long-term savings and strengthen succession plans.

HHM CPAs was recognized by United Way of the Mid-South during the organization's Corporate Sponsor Appreciation Breakfast on June 23, 2026, receiving two awards that highlight the firm's commitment to community involvement and employee giving.

Learn how to create your IRS Online Account with ID.me and take advantage of secure, convenient access to your tax records, payments, notices, and other valuable IRS services.

Trump Accounts are an opportunity for children to begin saving and learn the ins-and-outs of financial discipline.

The FTC's warning letters serve as a clear indication that pricing transparency remains a major enforcement priority within the automotive industry.

A multi-million dollar floor plan fraud can happen completely without an owner's knowledge.

As dealerships become more dependent on digital systems and electronic transactions, internal fraud remains a serious financial and reputational threat to the automotive retail industry.

Failing to pay attention to interest expense can be a significant drain on a dealership’s cashflow that will can subtly erode profit margins over time

A practical guide for nonprofit financial leaders preparing for fieldwork 

While businesses have adjusted to the electronic filing requirements, the next round of updates will require advance planning and preparation to ensure compliance and avoid disruptions.

Estate Planning After H.R. 1: What High-Net-Worth Families Need to Know

Based upon a recent federal court decision taxpayers (including individuals, businesses, trusts and estates) may have an opportunity to request a refund or abatement of certain penalties and interest charged by the IRS during the COVID-19 disaster period.

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

On June 2, 2026, during a special session, the Florida Legislature passed an overhaul of the state’s property tax system. 

Tennessee local governments, boards of education, utility districts, nonprofit organizations, and CPA firms that submit audit reports to the Tennessee Comptroller’s Office should begin preparing now for a significant change in how publicly released audit reports are prepared and submitted.

Given the continued rise in IRS-related scams, we encourage all clients to remain vigilant when reviewing any tax-related correspondence.

Making estimated tax payments throughout the year can help reduce penalties and prevent unexpected tax bills at filing time.

The judgments made around grants, contracts, donor restrictions, and conditions directly affect financial reporting, operational planning, compliance, and stakeholder communication.