Federal disaster recovery funds are now available to 15 Florida Panhandle counties damaged by Hurricane Isaias after President Donald Trump signed a major disaster declaration on October 27, 2026.

The annual average inflation rate for 2025 was 2.7% according to CPI figures. The inflation rate reported for September 2026 was 3.7%, a full percentage higher than 2026. As a result, the IRS has announced inflation adjustments for tax year 2027 covering almost 70 tax provisions. The new amounts generally apply to income earned in 2027 and to tax returns filed in 2028. In its announcement, the IRS also notes that taxpayers continue to benefit from the OBBBA.

The One Big Beautiful Bill Act added a temporary deduction for taxpayers 65 and older. For most eligible retirees it's automatic. What gets overlooked is how it phases out: within a certain income range, every added dollar of income also removes part of the deduction. That makes RMDs, Roth conversions and charitable giving decisions more expensive than your bracket alone suggests.

For real estate investors, selling an investment property can create a significant tax liability. Under certain circumstances, taxpayers may be able to defer the taxes by completing a 1031 exchange, commonly known as a like-kind exchange. This strategy allows investors and owners to sell one qualifying property and reinvest the proceeds into another like-kind property, potentially deferring recognition of capital gains.

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.

According to studies, BECs accounted for 73% of all reported cyber incidents in 2024.

Making yourself aware of some of the common scams and using good judgement can help keep your money – and personal information – safe from criminals.

13 Signs You May Be Victim To A Romance Scam

November 17-23 is Fraud Awareness Week in 2024, which presents an opportunity to remind everyone that fraud continues to rise throughout the world. It’s also a great time to discuss ways to prevent fraud and perhaps reduce the number of people who fall victim to the schemes and scams that seem to multiply daily.

Manufacturers have faced many challenges in 2026, including continued supply chain volatility, labor and workforce shortages, and cybersecurity threats.

The IRS has issued disaster relief for individuals and businesses affected by Hurricane Isaias in Alabama and Florida. Affected taxpayers may qualify for postponed federal tax filing and payment deadlines. Below are the key details of the relief available in each state.

An important Form 990 filing deadline is quickly approaching for many tax-exempt organizations. Organizations with a June 30, 2026, fiscal year-end are required to file their annual Form 990 return by November 16, 2026, which is the 15th day of the fifth month following the end of their tax year.

On September 25 and 26, Black Fox Farms in Cleveland, Tennessee, hosted the 13th annual bird & barn, the signature fundraiser for Project Free 2 Fly. HHM CPAs was proud to take part as a community sponsor, and this year's event was the largest yet, with attendance topping last year's.

Choosing a business entity is most likely not at the top of most business owners’ list of exciting decisions. However, getting the structure right can make a big difference in how your business is taxed, the way that you pay yourself, how profits are handled, and how easy it can be to bring in new owners or investors.

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

On July 4th, 2025, President Donald Trump signed and enacted the Reconciliation Bill H.R. 1. This new bill introduced many changes to existing individual tax provisions, including tax rates, deductions, credits, and alternative minimum tax rules.

A good allocation methodology is not one that never changes. It is one that continues to faithfully reflect how the organization uses its resources to advance its mission.

Colleges and universities depend on federal and state funding to support student financial aid, academic programs, research, workforce development, public service, facilities, and institutional initiatives. These resources expand access and help institutions pursue projects that may not be possible with tuition and other operating revenue alone.

The IRS is now beginning to optimize electronic access and delivery to best assist taxpayers. These latest updates represent a significant step forward.

The IRS's recent FAQ update provides important guidance as employers and taxpayers prepare for the new qualified overtime deduction and the first year of mandatory separate reporting.

Eight Questions Leadership Should Ask Before Trusting the WIP

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

HHM is closely monitoring the TAS Act as it moves forward.

Taxpayers and employers should review their records, policies, and contribution or leave program designs in light of the amended statutory rules and the latest available IRS guidance.