Latest News

Is PPP Loan Forgiveness SBA Form 3508S For You?

Did you receive a First (or Second) Draw Paycheck Protection Program (PPP) Loan of $150,000 or less for ...

Bedside Table with Tissues

The Families First Coronavirus Response Act – Mandatory Leave Now Voluntary in 2021

The Families First Coronavirus Response Act (“FFCRA”), which required that employers with fewer than 500 employees provide sick ...

Reminder Upcoming Deadline for Nonemployee Compensation Reporting

The 1099 Reporting for 2020 has some significant changes for reporting payment for services that may require your ...

Empty Restaurant

Deductibility of Business Meals Provided By Restaurants in 2021 and 2022

In an effort to spur on business activity to the hard hit restaurant industry, the recent stimulus legislation ...

The florist on the corner

PPP First Draw and Second Draw Important Information

On Friday, January 8th the SBA issued the new Form 2483-SD Paycheck Protection Program (“PPP”) Second Draw Borrower ...

Reminder: 4th Quarter Estimated Tax Payments are Due Friday (January 15)

The due date for making 4th quarter estimated tax payments for individuals and trusts is Friday, January 15th. Please consider ...

Coffee Shop Employee Making Latte

Do Not Miss Out On Valuable Tax Credits!

Understand the employee retention credit If you received a PPP Loan, you were originally ineligible to take the ...

Father and Daughter Washing Hands

2020 COVID Relief Bill Provisions Affecting Individual Taxpayers

Here is an overview of key provisions in the recent COVID relief legislation that affect individuals. The legislation ...

New Law Tax Provisions That Affect Businesses

The Consolidated Appropriations Act, 2021 (the CCA, 2021), signed into law on December 27, 2020, is a further ...

Signing Paper

$2.3 Trillion Package Awaiting President Trump’s Signature…

A much anticipated Christmas gift… On Monday, December 21, 2020, Congress passed the $2.3T Consolidated Appropriations Act, 2021, ...

One Hundred Dollar Bill

Update on Congressional Action on Another Economic Stimulus Bill as of December 15, 2020

As you are reading this, congressional leaders are meeting to try to hammer out an agreement on funding ...

Are Expenses deductible in 2020 if paid with PPP Loan proceeds if no forgiveness is granted in 2020?

Note the below information has been updated, please click here for most recent information.  The IRS answered the ...

Older EntriesNewer Entries

HM&M Updates

Our Frisco Office Has Moved

We have moved to our permanent location in Frisco located in Hall Park which is conveniently located at ...

Anat Shares Tax Insights at Park Cities Rotary Club Meeting

On Friday, July 9th, Anat Borodyansky spoke to Park Cities Rotary. She shared recent tax insights and important ...

2021 Promotions at HM&M

We are pleased to announce that effective July 15, 2021, Alyson Brands, Diana Cetares and Sirena Plitt have ...

HM&M Continues To Be Ranked In The Top 20 Accounting Firms

The Dallas Business Journal released its 2021 The List of Accounting Firms. The Journal ranks Dallas-Fort Worth Accounting ...

HM&M Welcomes Bill Barnard As New Shareholder

HM&M is thrilled to welcome Bill Barnard to the HM&M team as shareholder. Bill brings with him Michelle ...

Kimberly Lyons Encourages High School Students In A Career In Accounting

Kimberly Lyons is a member of the TXCPA Dallas Chapter and sits on the Partners in Education Committee. ...