Resources

The Great Wealth Transfer’ Impact to Real Estate Owners and Investors

The Great Wealth Transfer’ Impact to Real Estate Owners and Investors

Explore strategies you can leverage for 'The Great Wealth Transfer.' Learn how DSTs, 721 exchanges, and Opportunity Zones can help you transition to passive ownership.
Managing Partner of Heard, McElroy & Vestal, LLC Recognized Again on Forbes Best-In-State CPA List

Managing Partner of Heard, McElroy & Vestal, LLC Recognized Again on Forbes Best-In-State CPA List

Heard, McElroy & Vestal, LLC (HMV) is proud to announce that Managing Partner Roy E. Prestwood, CPA, has once again been named to Forbes' America's Best-in-State CPAs list -- making him the only CPA in North Louisiana to hold this distinction. With more than three decades of public accounting experience and a career defined by service to clients, the profession, and the Ark-La-Tex community, Roy's continued recognition reflects the excellence and integrity at the heart of HMV.
Fraudulent C53E Notices

Fraudulent C53E Notices

The IRS issued more than 1.4 million CP53E notices this tax season, and scammers have taken notice. While a legitimate CP53E simply means the IRS could not complete your direct deposit refund due to missing or incorrect banking information, fraudulent versions of this notice are now circulating. Knowing how to tell the difference, and what to do if you receive one, could protect you from becoming a victim of identity theft or financial fraud.
Federal innovation grants for small businesses renewed through 2031

Federal innovation grants for small businesses renewed through 2031

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs have been reauthorized and extended through September 30, 2031. The reauthorization includes several notable changes, including higher funding ceilings, expanded agency participation, new foreign-entity security screening requirements, and a new large-award allocation for qualifying businesses. Small businesses engaged in applied research and development across a broad range of industries should take note of these programs as a potential source of non-dilutive grant funding.
Filed an extension? How to use the time between now and October 15th

Filed an extension? How to use the time between now and October 15th

Filing a tax extension buys you time, but only if you use it wisely. From revisiting your April payment estimate to gathering missing documents and staying on top of current-year obligations, the months between now and October 15th are a valuable planning window. Read on to learn how to make the most of your extension and avoid a costly repeat of the same tax challenges next year.
Protect Your Bottom Line: 10 Common Property Tax Compliance Mistakes and How to Fix Them

Protect Your Bottom Line: 10 Common Property Tax Compliance Mistakes and How to Fix Them

Protect Your Bottom Line: 10 Common Property Tax Compliance Mistakes and How to Fix Them.
Turning RMDs Into a Strategic Advantage

Turning RMDs Into a Strategic Advantage

Required Minimum Distributions often feel like a penalty for saving well, but they don't have to drain thousands in avoidable taxes. With strategic planning, especially in the years before RMDs begin, retirees can reduce future tax exposure, avoid Medicare surcharges, and maintain more control over their income. The key is moving beyond simple compliance and treating RMDs as part of a coordinated, long-term strategy.
Making Hiring Work for Small Businesses

Making Hiring Work for Small Businesses

Hiring looks different today than it did even a few years ago - and for small business owners, the result is often the same: inboxes flooded with resumes, scattered candidate folders, and great applicants slipping through the cracks. The right hiring software doesn't make the process impersonal or complicated; it gives you back control so you can focus on finding the right fit.
The USPS postmark change you need to know about before you mail anything tax-related

The USPS postmark change you need to know about before you mail anything tax-related

A USPS rule change means that the postmark on your tax-related mail may no longer reflect the day you actually dropped it off, and the IRS still uses that postmark to determine whether you filed on time. For taxpayers in rural areas especially, this gap could be the difference between a timely filing and a costly late penalty. Read on to understand exactly what changed, why it matters, and the simple steps you can take to protect yourself.
Unusual grants for nonprofits: public charity status and the IRS ruling process

Unusual grants for nonprofits: public charity status and the IRS ruling process

Learn how unusual grants can affect public charity status, the public support test, Form 990 reporting, and when an IRS ruling may be worth considering.
Behind the Humor: The Tax Misunderstandings That Cost Real Money

Behind the Humor: The Tax Misunderstandings That Cost Real Money

Laugh at the most relatable tax misunderstandings – then learn the real rules on service animals, business travel, multi-state filing, and how the IRS actually detects discrepancies. 
The Great Pretender: How AI Makes Tax Scams Look Legit

The Great Pretender: How AI Makes Tax Scams Look Legit

How AI Makes Tax Scams Look Legit. Here are the four most prominent AI-driven tax scams currently circulating.
Heard, McElroy & Vestal Recognized as 2026 Regional Leader

Heard, McElroy & Vestal Recognized as 2026 Regional Leader

Heard, McElroy & Vestal (HMV) has been named a 2026 Regional Leader (Gulf Coast) by Accounting Today as part of the publication’s annual Top 100 Firms and Regional Leaders report.
Spring cleaning your finances: eliminating subscription and asset drift

Spring cleaning your finances: eliminating subscription and asset drift

Financial clutter, from forgotten subscriptions to dormant accounts, can quietly drain your cash flow and complicate your financial picture. A periodic review of your recurring charges, overlooked assets, and automated systems can uncover savings and restore clarity. Learn simple steps to ensure your money and financial systems are working as efficiently as possible.
LIFO Tax Benefits: Timing Matters in a Tariff-Inflation World

LIFO Tax Benefits: Timing Matters in a Tariff-Inflation World

Explore how LIFO’s inventory accounting aligns with tariff inflation, helping CFOs and tax leaders increase tax deferrals and maintain margins.
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