top of page
Let's Build Your Financial Future Together.
Ready to experience the HFM difference?
Our team is here to discuss your assurance and advisory needs. Whether you're seeking a higher level of expertise or looking to strengthen your financial strategy, we'll respond promptly to start the conversation.
Insights
Precision in accounting.
Partnership in your success.
Positioning Your Construction Business for Success
As the construction industry evolves, so must your approach to ensuring your business not only survives but thrives over time. By...
2 min read
Rethinking Retirement: Adapting to Modern Realities
The traditional concept of retirement is undergoing significant changes. No longer does retiring always mean working until you...
2 min read
Three Ways To Reduce Income Tax Reporting Risk
In a complex reporting environment in which public company filings are highly scrutinized, properly accounting for and disclosing income...
2 min read
IRS Issues Procedural Guidance on Section 174 Accounting Method Changes for Taxpayers with Short Taxable Years
On August 29, 2024, the IRS issued Rev. Proc. 2024-34, which provides modified procedural guidance permitting taxpayers with short...
3 min read
DOL Releases Final Rule to Increase Salary Thresholds for FLSA White-Collar Exemptions
The U.S. Department of Labor (DOL) issued a final rule that updates and revises the regulations issued under the federal Fair Labor...
4 min read
IRS Adopts Final Digital Asset Tax Reporting Rules with Some Revisions
The IRS on June 28 issued final regulations on information reporting for digital asset transactions. The final regulations require...
6 min read
The Joys of Home Ownership: Balancing Financial Support and Tax Consequences with Real Estate Wealth Transfer Strategies
For high-net-worth individuals, the art of wealth transfer extends beyond merely providing financial assistance to future generations; it...
6 min read
IRS Proposes Cutback in Interest Capitalization Requirements for Property Improvements
The IRS on May 15 published proposed regulations (REG-133850-13) that would remove the “associated property rule” and related rules from...
4 min read
Don't Fall for Tax Scams: IRS Provides Warning
The IRS issued IR-2024-139 in May warning about tax scams involving claims for the fuel tax credit, sick and family leave credit, and...
2 min read
IRS Struggles to Combat Misinformation on TikTok
Going to TikTok for tax advice? You may want to think again. The IRS is facing a unique challenge in combating bad tax advice circulating...
1 min read
Navigating the Terrain of the 2024 Revised Uniform Guidance
In the realm of federal financial assistance, the landscape is evolving. With the U.S. government disbursing over $1.2 trillion in...
3 min read
IRS Form W-9 Revision Adds New Reporting Line on Foreign Partners and Beneficiaries
The IRS in March released a final 2024 revision of Form W-9, “Request for Taxpayer Identification Number and Certification,” as well as...
2 min read
bottom of page