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.
Featured Resources
When You Should Start Planning to Sell or Transfer Your Business
How much cash should your business actually keep on hand?
Heard, McElroy & Vestal, LLC Ranked Among 2026 IPA 200 Firms
No results found.
All Resources
Industries
Service
- All Services
- Accounting & Bookkeeping
- Audit & Assurance
- Banking Advisory
- Business Advisory
- Business Tax
- Client Accounting Services
- Data Digital Services
- Digital Transformation / IT Advisory
- General Advisory
- M&A / Exit Planning
- Mineral Management
- Private Client Services
- Retirement & Financial Planning
- Tax
- Tax Advisory & Compliance
- Tax Services
- Valuation Services
- Wealth Management
Sort by
- Default
- Date
- Title
The IRS is Retiring FIRE: What Businesses Need to Change Before Filing 1099s in 2027
Beginning with the 2027 filing season, the IRS will require businesses to submit information returns through its new IRIS system instead of FIRE. The shift affects how Forms 1099 are filed, who needs a new transmitter authorization, and how corrections are handled. Find out what your business needs to verify before FIRE shuts down in November 2026.
When You Should Start Planning to Sell or Transfer Your Business
For established business owners, exit planning does not always start with a firm sale date. It often starts when certain changes make the future more concrete. This video explains the key triggers that can signal it is time to begin tax-focused succession or exit planning, including changes in your timeline, a clearer succession path, outside buyer interest, and the start of a real transaction. The goal is to help business owners recognize when waiting may begin to limit their tax, ownership, and deal-structuring options.
New revenue, donor concentration, and expense allocation: Form 990 issues to watch
Changes in revenue, expense allocations, and donor concentration can create Form 990 complications that aren’t always visible in the financial statements alone. This article walks nonprofit leaders through three key areas to review before year-end: supporting expense classifications across program, management, and fundraising functions; evaluating whether new income-producing activities trigger unrelated business income tax; and monitoring public-support calculations when donor concentration is rising. Addressing these issues early keeps year-end surprises to a minimum and helps protect your organization’s tax-exempt status.
A new federal tax credit could help fund K-12 scholarships starting in 2027
Starting in 2027, a new federal tax credit will allow eligible taxpayers to reduce their tax liability dollar for dollar by making cash contributions to qualifying Scholarship Granting Organizations that fund K-12 education. Unlike a charitable deduction, this credit directly offsets what you owe, with individual credits of up to $1,700 per year and up to $3,400 for married couples filing jointly. If you support education-focused giving, now is the time to understand how this new credit interacts with existing state programs and your overall charitable strategy.
New IRS per diem rates in effect as of October 1
The IRS has released its 2026-2027 special per diem rates for business travel, and the changes took effect October 1st. If your company reimburses employees for travel expenses, now is the time to update your rates, review your reimbursement policy, and ensure your expense systems reflect the latest IRS guidance before outdated rates create compliance problems. Read our latest article to learn what changed, what it means for your business, and what your finance team should do right now.
Dentists: Is Your Practice’s Overhead Too High?
Discover two strategies to reduce your dental practice’s overhead and maximize profitability while continuing to provide excellent patient care.
Compensation, conflicts, and related parties: what your nonprofit needs to know
Nonprofit boards regularly decide on compensation, vendors, and relationships with affiliated organizations. But when someone with influence stands to benefit, those decisions deserve a closer look. Our latest article walks through the key questions every nonprofit should ask before approving a transaction.
The IRS has a new mobile app. Here’s what taxpayers can do with it.
The IRS has launched a new mobile app that replaces IRS2Go, giving taxpayers quick access to refund status, payment history, tax records, IRS notices, and Identity Protection PINs. This article walks through what the app can do and how to use it safely. If something in your IRS account raises questions, a tax professional can help you make sense of it.
How much cash should your business actually keep on hand?
How much cash should your business keep on hand? The answer depends on more than a simple rule of thumb. This article breaks down a practical framework for separating your cash into layers, covering operating needs, committed funds, and contingency reserves, so you can make smarter decisions about liquidity, capital allocation, and when cash truly becomes excess.
The Quiet Risk of State and Local Payroll Tax Reporting Gaps
Payroll tax gaps often emerge when employee work locations and tax reporting fall out of sync. Learn where exposure occurs, what is at risk, and how employers can identify and correct issues before state agencies do.
How the Treasury and the IRS Write the Tax Rules
How Treasury and the IRS interpret, administer, and enforce federal tax law, and what Loper Bright means if you disagree with a regulation.
Cash flow forecasting as a leadership tool
Most business owners rely on backward-looking financials that tell them where they have been, not where they are going. A cash flow forecast fills that gap by projecting future inflows and outflows, helping leaders spot problems early and make smarter decisions about hiring, investing, and financing. Updated consistently and tied to real business decisions, it shifts leadership from reactive to proactive.
Why homeowners need to track improvements before a sale or inheritance
As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a large tax bill and a smaller one can come down to how well a homeowner documented capital improvements over the years. Keeping a permanent record of qualifying expenses is one of the simplest steps homeowners can take to protect themselves.
Financial Forecasting for Growing Contractors
In the construction industry, reliable job cost reporting tells how each project performed, but it doesn’t show the whole financial picture. The contractors who make the best decisions use that clean historical data to look forward, such as building forecasts, modeling scenarios, and tracking the metrics that signal where the business is headed.
Scholarship Tax Credits Are Going National: What To Know
Effective 2027, the Federal Scholarship Tax Credit will provide a dollar-for-dollar offset against federal income tax liability for eligible contributions.
No results found.
Building Relationships and Providing Opportunities