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.

Florida offers a variety of tax exemptions, including property tax relief for homeowners and sales tax exemptions for government entities, nonprofits and certain goods.

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

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

Upcoming deadlines to keep on your radar.

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

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

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.

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.

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.

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

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

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

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”

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.

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

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

Outlook on Opportunities and Challenges Across the Construction Market in 2026

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

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

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

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. 

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