Increased consumer spending during the pandemic and rising inflation has also resulted in higher tax revenues for nearly all states.
Justin Poole is a senior manager in the comprehensive tax solutions group at HORNE. He oversees the managed accounting services team which offers outsourced accounting solutions to privately held companies.
2021 Tax Planning. Changing entity types, accounting methods, new deductions for qualified businesses, new depreciation alternatives and new tax incentives for qualified investments are just some of the provisions in the TCJA that will require careful analysis and proactive planning for construction clients. The CICPAC Tax Thought Leadership Committee has compiled an updated summary of those changes potentially impacting construction clients in this whitepaper.
The CICPAC Tax Thought Leadership Committee has compiled a summary of the tax provisions included in the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) that may impact our construction clients. This whitepaper provides an overview for further consideration for tax planning in 2021 and beyond.
As we gear up for another tax planning season, the following are a few insights on some frequently unknown or misunderstood tax topics:
INSIDE Public Accounting has ranked HORNE the fastest-growing firm in the U.S. for 2021 based on organic growth.
HORNE is honored and excited to be recognized by Accounting Today as the No. 2 fastest growing accounting firm in the country and No. 35 overall on its annual list of Top 100 Accounting Firms.
Mississippi offers manufacturers many tax incentives that enable companies to prosper and grow. But are you taking advantage of all the opportunities you qualify for?
One of the most intriguing and discussed elements of recent tax reform is the creation of Qualified Opportunity Zones, which are economically-distressed communities where new investments, under certain conditions, may be eligible for preferential tax treatment. The tax benefits offered by investment in Qualified Opportunity Zones are meant to encourage economic development in these communities, which are officially designated at the state level.
The acceptance of federal assistance comes with the responsibility to justify how you spend those funds. In this episode, HORNE’s Audit Manager Hayley Deer describes what you need to do to pass a single audit.
Amie Whittington Dean, Senior Manager in HORNE Healthcare’s Tax practice, created this helpful video explaining who qualifies for Employee Retention Credits and how to go about accessing them.
In the current economic environment, monitoring and managing state and local tax obligations can be a real challenge. Yet for organizations working to protect their revenue and future, it is critical to stay on top of state and local filing requirements.
Across every industry, businesses face complex market trends, economic and governance pressures, and competitive demands. All of those factors have an impact on your liquidity and business growth.
Proper oversight of your business tax situation impacts your ability to mitigate risk, improve the bottom line, manage transactions and pursue opportunity.
Tax rules get more complex every year. Identifying and seizing economic opportunities gets more difficult. Every decision you make impacts your tax situation. HORNE knows the vital impact that proactive tax planning has on your ability to sustain or scale your business, and on your peace of mind.
What actions are most important for hospital administrators to take around Stark and Anti-kickback legislation? Find out in this conversation with HORNE and Friday Firm.
Parker Smith is a tax services senior manager at HORNE where he focuses on tax compliance and consulting services for publicly and privately held clients. He specializes in tax return compliance, accounting for income taxes under ASC 740 and accounting methods reviews and consulting.
Mary Kathryn Allen is a partner at HORNE. She specializes in tax compliance and business consulting for publicly and privately held clients as well as state and local tax compliance.
At HORNE, we go further than a traditional client-CPA relationship — we help franchisees meet their long-term goals through a strategic partnership. Dustin Taylor values those relationships, and with a seat at their table, he is able to provide insights, collaboration and ongoing dialogue throughout the year to help clients mitigate taxes and plan for the future.
Robert Miller is a senior director at HORNE where he leads the public & middle market tax team, and also serves as HORNE’s firmwide director of tax. He specializes in helping businesses navigate the complex tax environment.
Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, changes were made to legislation surrounding bonus depreciation on Qualified Improvement Property (QIP), originally established by the 2017 Tax Cuts and Jobs Act (TCJA). This is great news all around but especially for the restaurant industry.