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.

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

Several important tax deadlines for individuals and businesses are approaching.

HHM CPAs distributed over 850 Thanksgiving meal boxes across 12 partner organizations during our 5th Annual Thanksgiving Food Drive.

With the passage of the Reconciliation Bill (H.R.1), recent Federal Reserve interest rate cuts, and inflation showing signs of moderation, proactive tax planning remains more important than ever.

The passing of Reconciliation Bill H.R.1 (the Bill) in July 2025 brought various changes that will impact individual taxes for 2025 and years to come. In addition to typical year-end tax planning strategies, we have detailed a few of the new updates to provide some idea of what to expect as 2025 comes to a close.

On August 21, 2025, the IRS announced the retirement for the §30D and §25E credits (among others) related to clean energy vehicles and property effective September 30, 2025.

Regularly review control procedures to ensure they remain relevant and effective. Use audit findings and staff feedback to refine processes, tighten weak points, and increase operational efficiency over time.

By 2025, the market has shifted: rising interest rates, evolving consumer demand, manufacturer preference and inventory fluctuations have made covenant compliance more challenging than prior years. Dealerships cannot rely on past performance alone to maintain lender confidence.

Evaluating all your hiring options is part of being a good steward of your company’s finances by not allowing your bottom line to suffer at the hands of excessive fees.

Here are steps you can still take after the new year to reduce your tax liability.