HHM CPAs

'Tis the Season! 🫴 We're so proud of our Cleveland office for organizing a donation drive this holiday season for The Caring Place! Led by Cassie Ramsey Bell, CPA, HHM Senior Tax Manager, the team collected gently used toys, clothes, home goods, and bags for those in need! Cassie is participating in Cleveland/Bradley Chamber of Commerce Leadership Cleveland and had the opportunity to attend an event at The Caring Place a few months ago. She shared, "We were truly impressed by the incredible work they are doing for our neighbors in Bradley County and surrounding areas. Their mission is to provide families and individuals with essential support through food, clothing, toys, and books—at no cost." Several of our team members had the privilege to help with distribution today! You can help: 🎁 As the holidays approach, many of us are cleaning out closets and toy bins to make room for new gifts. Please drop off gently used clothes and toys to @CaringPlaceTN or you can drop them by our Cleveland office on Inman Street and we can bring them over! For donation details please visit https://lnkd.in/eKzWZXkB

EV Tax Credit Update: 🚨 On December 10, 2024, the IRS suspended the three-day reporting deadline for 2024 sales. Dealers can retroactively submit reports for missed deadlines but should file promptly to avoid delays. For late submissions involving buyer-elected credit transfers, additional documentation may be required. 🔗 Read the full article that includes key compliance measures and error correction tips by Scott Lowe, CPA, Partner at HHM.

Please join us in congratulating to Beverly Edge, partner at HHM CPAs and COO/General Counsel, on being named President of the UTC College of Business Dean’s Advisory Board! A graduate of The University of Tennessee at Chattanooga, where she earned a Bachelor of Science in Business Administration: Accounting, Beverly has a deep connection to both the University and the local business landscape.   We look forward to seeing what she accomplishes in this role!  https://lnkd.in/e-27NthZ

This year has brought many challenges with natural disasters, including hurricanes, floods, and wildfires causing significant damage across the U.S. Victims of federally declared disasters, such as Hurricanes Helene and Milton, may be eligible for tax relief. If your property was damaged or destroyed by a disaster, you might be able to claim a casualty loss deduction. See our guide below to determine your deduction below. #casualtylosses #naturaldisasters

New Video: Our 2024 Year-End Tax Planning Series Join Matthew Thurman, CPA, CFP®, Wealth Advisor at HHM Wealth, and Andrew Cook, CFP®, AIF®, Partner at HHM Wealth, as they discuss key retirement planning strategies and updates for the upcoming tax season. In this Q&A video, they cover: ✅ 401(k) Deferral Limits ✅ Traditional vs. Roth IRA ✅ Qualified Charitable Distributions ✅ Retirement Planning Strategies ✅ IRA Income Limits https://lnkd.in/etGzkNae

Congratulations to all the December 2024 graduates! We’re especially proud to celebrate a few of our own this season. Here’s to a bright future ahead! #December2024Grads #CongratsToAll

Please join us in congratulating Rachel White, CPA, MSA, manager at HHM CPAs, for being selected to attend the TSCPA LEAD program in Nashville this week. LEAD is for young accounting professionals aged 35 and under and stands for the Leadership, Empowerment, and Accelerated Development (LEAD) Program. This three-day event is designed to help participants enhance their leadership skills and map out their next steps on their leadership journey. #leadership #leadershipdevelopment

We were honored to host top professionals from six firms across the country for a BDO Leadership Development session! This program is designed for accomplished leaders in the accounting industry to develop the skills necessary to successfully lead their firms. Held at our Chattanooga King Street office, the session included an insightful panel discussion featuring Jon Paul Davis, CPA, ABV, CVA, MAFF, CGMA, Mark Underhill, CPA, CMAA, CVGA, CAIM, and Allen Akins, CPA, CVA, along with a thought-provoking presentation by Michael Platt, led by Carl George. Thank you to everyone who participated—we’re excited to see how your leadership will shape the future!

New Video: Our 2024 Year-End Tax Planning Series Join Matthew Thurman, CPA, CFP®, Wealth Advisor at HHM Wealth, and Jacob Pardue, CPA, MBA, Manager in HHM's Dealership Department, as they discuss key dealership tax strategies for the upcoming tax season. In this Q&A video, they cover: ▪️How to control expenses within your dealership ▪️New tax laws and breaks impacting the industry ▪️Bonus Depreciation and its effect on your dealership's tax situation ▪️Forecasting profits in the dealership industry and how to plan effectively ▪️Key strategies for managing taxes and improving your bottom line https://lnkd.in/gXameCXi

Attention auto dealers! The latest installment in our Tax Planning Series is here, featuring Jacob Pardue, CPA, MBA. Dive into dealership-specific strategies that can help navigate tax season. https://lnkd.in/gHEnwq2X