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.

Taxpayers with unused adoption credit carryforwards should continue to file their 2025 tax returns as normal while monitoring future IRS guidance for updated claim procedures and potential adjustments.

Static pool analysis helps management measure that performance and make better decisions before losses become larger. 

Automobile dealerships must file IRS Form 8300 when they receive more than $10,000 in cash from a customer in a single transaction or related transactions.

City governments often rely on federal and state funding to support infrastructure, public safety, transportation, utilities, community development, and a wide range of public services.

Success in an internship comes down to preparation and presence: arrive ready to learn, take ownership of your tasks, let the quality of your work speak for itself, and remain visible.

City governments are no strangers to new accounting standards, but not every GASB statement changes day-to-day accounting in a major way.

For individuals, trusts, and corporations that make quarterly estimated tax payments, the deadline to make first quarter payments for tax year 2026 (January 1–March 31) is Wednesday, April 15.

In celebration of Women’s History Month and the incredible women in leadership roles at HHM CPAs, we are proud to highlight Kira Wheat, a partner at HHM CPAs in the Chattanooga office.

This article addresses exemptions that are frequently used including: Family-Owned Non-Corporate Entities (FONCE), Venture Capital Fund, Farming/Personal Residence, and Obligated Member Entity (OME).

By focusing on a few key areas ahead of the audit, the committee can help ensure financial reporting is organized, accurate, and ready for review.