SHREVEPORT, LA, July 1, 2025 – Heard, McElroy & Vestal, LLC (HMV) is proud to announce the promotions of Kelsi S. Dickerson, CPA, Elizabeth G. Killough, CPA, and Malia Wollerson, CPA to partner, effective July 1, 2025.

Evolving tax policies create urgency for family offices to evaluate their tax operating model. A modern tax function is a platform for value creation, risk management and informed decision making. Rethinking the operating model requires a focus on strategic alignment, not just cost containment.

Summer’s not just about sunshine—it’s also crunch time for 401(k) audits. If your organization has a retirement plan, this season could bring key audit deadlines. Don’t worry—we’ve put together a simple guide that breaks down when an audit is needed, common missteps to watch for, and tips to make the whole process easier. Stay ahead of the game and keep things running smoothly—so the only thing catching you off guard this summer is a surprise vacation day.

Read more about the tax changes in the Big Beautiful Bill, such as SALT and clean energy, and how they could affect business and individual taxpayers.

In a world of constant change and unpredictability, scenario planning empowers businesses to anticipate multiple futures and make informed decisions. This strategic approach helps organizations manage risks, optimize resources, and stay agile amidst economic volatility, technological advancements, and shifting consumer preferences. Discover how scenario planning can transform your company’s resilience and growth potential.

Scammers can now imitate your bank, your vendors, even your own executives, often with AI-generated voices. Watch this video to learn about safeguards your company can use to block these look-alike attacks.

Did you receive a letter from the IRS? Learn what steps you should take and mistakes to avoid in responding to a notice.

Curious about cash balance retirement plans? These plans can offer much higher contribution limits and potential tax advantages, but they also come with more complexity and commitment. Read on to see if this strategy might align with your goals – or if it’s something to skip altogether.

Has your business outgrown basic bookkeeping? If you’re facing bigger decisions, more complexity, or uncertainty about your financial future, it may be time to consider whether you need more strategic financial support than a bookkeeper can provide.

Economic upheaval doesn’t just bring challenges – it opens the door for businesses that are willing to adapt. Now is the time to rethink your operations and uncover new opportunities for growth.

Every stage of the business lifecycle comes with hidden financial risks—and most aren’t where you’d expect them. From early cash flow traps to overlooked succession planning, it’s easy to miss the warning signs until they’ve already impacted your bottom line. In this video, we break down the most common blind spots—and how to stay ahead of them.

When relatives lend or gift money, it can strengthen family bonds or lead to complications if not handled properly. This video explores the differences between gifts and loans in family finances, highlighting IRS guidelines and offering strategies to manage these transactions with minimal tax impact.

The Treasury Department has suspended the CTA filing requirement for U.S. businesses, signaling a major shift in compliance obligations. While the rule may still face legal challenges, domestic companies are no longer required to report beneficial ownership information—at least for now. HMV will continue to monitor and share the most current news relevant to this topic.

Preparing your business for a future transition is crucial to its success. Learn how to avoid common mistakes and ensure your business thrives through any change.