Accounting, Tax, Audit & Advisory Insights
Explore the HMV Resources Hub for timely insights on accounting, tax, audit, and advisory topics.
Our articles, guides, and tools are developed by HMV professionals and enhanced through our Aprio Alliance membership, giving you access to broader perspectives and specialized expertise to navigate complex decisions with confidence.
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Heard, McElroy & Vestal, LLC Ranked Among 2026 IPA 200 Firms
Selling a business, rental, or large asset this year? Call your CPA before you sign.
Tax Strategies For Rising Income
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IRS provides gift tax safe harbor for Trump account contributions
The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing requirement. In Revenue Procedure 2026-25, the IRS established a safe harbor that allows qualifying donors to contribute cash to a child's Trump account and skip Form 709 entirely, as long as key conditions are met. Here's what you need to know before making contributions.
Heard, McElroy & Vestal, LLC Ranked Among 2026 IPA 200 Firms
Heard, McElroy & Vestal, LLC (HMV) has again been named a top 500 CPA firm by INSIDE Public Accounting (IPA). The annual ranking lists the 500 largest accounting firms in the United States by net revenue using data submitted through IPA Practice Management Survey.
Protecting Your Family from Financial Scams
Financial scams are more sophisticated than ever, and the people most at risk are often the ones least likely to see it coming. A few simple safeguards could be the difference between your family staying protected or losing tens of thousands of dollars. Here’s what you need to know.
Make Sure You Have These Four Items Covered Before Selling Your Business
Most business owners assume buyer scrutiny begins when due diligence starts. It doesn’t. The decisions you’re making right now, years before a sale, are already shaping the price a buyer will pay and the deal structure they’ll offer.
How Workforce Decisions Drive Your Tax Strategy
Every hire and relocation is a tax event. Learn how to capture workforce-related tax credits and manage multistate payroll compliance risks.
The Federal R&D Tax Credit: A Practical Guide to the Basics
The federal R&D tax credit can provide lucrative tax savings for companies investing in innovation. Learn more about R&D credit eligibility & utilization.
When a Rental Loss Isn’t a Tax Deduction: Passive Activity Rules and the Real Estate Professional Exception
This article will explain the ways a rental real estate loss can be limited, the differences between a passive and nonpassive activity, the tests to determine material participation, and real estate professional status.
Cross-Border Wealth Transfer Tax Planning
Multinational business owners face certain estate and tax challenges at exit. Learn how to coordinate U.S. state, international, and business tax for generational wealth transfer.
Proposed Changes to Federal Grant Rules for Nonprofits
Explore proactive strategies on how to navigate the proposed changes to federal grant rules for your nonprofit.
Preparing Dental Practices for Sustainable Growth
Learn why disciplined financial insight is essential to setting your dental practice up for long-term success.
Real Estate — Estate Planning and Wealth Transfer Strategies
Learn how trusts, valuation discounts, entity structures, and basis step-up strategies can help real estate owners preserve wealth and reduce taxes.
Selling a business, rental, or large asset this year? Call your CPA before you sign.
Selling a business, rental property, or other large asset triggers a range of tax consequences, including capital gains tax, depreciation recapture, and the net investment income tax, that can result in a significantly larger bill than most sellers anticipate. Tools like installment sale elections, deal structure adjustments, and strategic closing timing can reduce that exposure, but most of them require action before the transaction is finalized. A conversation with your CPA before you enter active negotiations is the most reliable way to protect your after-tax proceeds.
Tax Strategies For Rising Income
A jump in income is good news, but it also triggers a chain of tax decisions that most people don’t see coming until it’s too late to act. From phaseouts and surcharges to retirement account mismatches and withholding gaps, the real planning opportunity happens before year-end, not at tax time. Here’s what you need to know to stay ahead of a higher tax bracket.
Post-Tax Season Checklist for Small Business Owners
Tax season may be over, but your completed return holds valuable insights that can help you run a stronger business for the rest of the year. From fixing your bookkeeping systems and building a mid-year budget to reviewing worker classifications and your business insurance, there are five key areas worth addressing while the numbers are still fresh. Taking action now, rather than waiting until the next deadline, puts you in a far better position heading into year-end.
Beyond the Will: The Comprehensive Estate Planning Guide for High-Net-Worth Families
Aprio Insights on the Beyond the Will: The Comprehensive Estate Planning Guide for High-Net-Worth Families. Read the article.
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