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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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
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
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
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 (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
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
Explore how LIFO’s inventory accounting aligns with tariff inflation, helping CFOs and tax leaders increase tax deferrals and maintain margins.
Payroll Tax Refunds After M&A — Is Your Business Eligible?
Companies that have experienced M&A activity or internal reorganizations within the past three years may be eligible for refunds on overpaid payroll taxes.
Don’t Leave Charitable Deductions on the Table
High-earning families often give generously throughout the year, but poor documentation and incomplete tracking leave thousands in tax deductions unclaimed. From non-cash donations to appreciated securities, each type of gift has specific IRS requirements that must be met to maximize benefits and avoid audit risk. By building a simple tracking system and understanding the rules, you can ensure your generosity works as efficiently as possible.
Protecting Your Family’s Finances in an Economic Downturn
When the economy feels uncertain, families worry about job security and rising costs, but financial downturns don't require panic - they call for clarity and preparation. By focusing on building liquidity, reviewing spending priorities, ensuring proper insurance coverage, and avoiding fear-based decisions, you can create stability during volatile times.
Why estate taxes aren’t the only inheritance-related costs to consider
Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances - even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.
Real Estate and Cost Segregation
Learn more about cost segregation studies and found out if performing one is a smart next step for your real estate portfolio.
United States Postal Service updates postmark guidance: Impacts the IRS mailbox rule for timely tax submissions
USPS postmark changes mean mail may be postmarked days after deposit. Learn how this impacts IRS filing deadlines and section 7502 timely mailing rules.
Trump Accounts: A Guide for Parents and Employers
The One Big Beautiful Bill Act introduced Trump Accounts, a new type of tax-advantaged savings account for children under 18, and families with young children need to act before the April 15, 2026, tax filing deadline to take full advantage. Eligible children born between 2025 and 2028 can receive a $1,000 federal seed contribution, but only if parents check the right box when filing IRS Form 4547. Beyond the initial government contribution, parents, grandparents, employers, and charitable organizations can all contribute, but Trump Accounts come with nuances that families and employers need to understand, from gift tax reporting obligations to employer compliance requirements. Our comprehensive guide breaks down what you should know, including who qualifies, how to file, contribution limits, and what employers should consider when evaluating Trump Accounts as an employee benefit.
IRS Releases Final Form Instructions for Taxpayers Claiming the R&D Tax Credit
The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements.
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