Recent court rulings and tax reform legislation has an impact on family office expense deduction. The lack of definition and bright-line test determining “trade or business activities” means that we must carefully consider the distinct ...
HM&M Accounting, Audit and Assurance*, & Tax Blog
On July 11, 2019, the IRS and Treasury released final regulations removing Section 1.451-5 of the Income Tax Regulations as a result of the changes made to Section 451 under the 2017 tax reform known ...
When the term ‘unicorn’ was coined by Aileen Lee in 2013 to describe private startups valued at over $1 billion, just 39 of such companies existed. Less than seven years later, that number has skyrocketed ...
Summary The FASB issued ASU 2019-05[1] to allow entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. The new ...
Maintaining compliance for 403(b) retirement plans historically has been challenging given the lack of historical regulatory oversight, guidance from the Internal Revenue Service (IRS), and non-profit organizations’ limited resources. But the IRS has taken steps ...
Download PDF. Growing beyond 100 employees is an important landmark in a company’s history. While companies may view crossing this threshold as cause for celebration, the Department of Labor (DOL) may view it as a ...
Yesterday afternoon, the U.S. Treasury and the Internal Revenue Service (IRS) published a 169-page document setting forth a second round of proposed regulations regarding the new Qualified Opportunity Fund (“QOF”) investment vehicle. Generally, these new ...
Hello – My name is Trey Dalton, and I’m an Audit Senior at HM&M. I began as an intern, then took a full-time staff position after graduating from UNT with a Masters in Accounting. After ...
My name is Kelli and I am a Tax Senior at HM&M, and this is a day in my life. First, a little background. I attended Texas AM&M University at Commerce where I earned my ...
At Huselton, Morgan, and Maultsby, we are so proud to be celebrating 40 years of renowned business and meaningful client relationships. From the start, it has been our vision to create a firm devoted to ...
Do you make charitable contributions? If so, read on. We may be able to help you cut the costs of charitable giving – or increase the size of your contributions without costing any more in ...
View part I here. The recently enacted Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of businesses. Please consult your HM&M advisor if you would like to have a ...