Hoyt, Filippetti & Malaghan, LLC

09/03/2026

"Pretty good, I think."

"We're busy, so I'm not worried."

"It feels tighter than usual, but I'm not sure why."

Ask a business owner how things are going and you'll usually get an answer like one of these. The instinct isn't wrong, but it might be incomplete; a business can feel busy and still be losing money on every job, or feel stable while cash quietly thins out month over month.

Financial statements exist because gut feel misses things. Our recent article walks through the signals worth watching in your cash flow, your margins, and your balance sheet, and what each one is actually telling you.

https://www.hfm.cpa/post/what-your-financial-statements-are-trying-to-tell-you

08/25/2026

Real estate or construction businesses in 2026: is your tax strategy keeping up with how fast the landscape is shifting?

Key trends to watch include:

*️⃣ State audit activity in this sector has nearly doubled year over year, with real estate and construction seeing more disputes than any other industry surveyed

*️⃣ Multistate project activity is creating tax exposure that many firms don't realize they have until it's flagged

*️⃣ More firms than ever are entering the tax credit transfer market for the first time, even as the process gets more competitive

More trends and insights: https://www.hfm.cpa/post/bdo-real-estate-construction-s-top-tax-priorities-for-2026

08/21/2026

Congratulations to Amy Hyde on reaching her 1-year anniversary at HFM! Amy has brought great energy and dedication to the team this past year, and we're so glad to have her on board.

Here's to many more successful years together!

08/18/2026

Missing a deadline by a few days used to mean picking up the phone and formally requesting relief, even for taxpayers with a clean track record. That's changing.

The IRS's new Automatic Exemption from Penalty applies relief automatically for eligible taxpayers with a solid filing and payment history, cutting out the extra step entirely. It's rolling out gradually through the rest of 2026.

Here's what you need to know: https://www.hfm.cpa/post/irs-simplifies-penalty-relief-with-a-new-automatic-process

08/14/2026

Happy Birthday, John! We’re grateful to have you as part of the HFM team, and we hope this year is filled with joy, good health, and all the things you enjoy most.

Wishing you a fantastic year ahead!

08/11/2026

Fill up lately? The IRS noticed too, and just raised the standard mileage rate for the rest of 2026.

Effective July 1, 2026:

• Business mileage: 76 cents/mile (⬆️from 72.5 cents)
• Medical/moving mileage: 23.5 cents/mile (⬆️from 20.5 cents)
• Charitable mileage: stays fixed at 14 cents/mile

It's the first mid-year rate change since 2022. Per the IRS, the rate that applies depends on when the expense was paid or incurred, not a single flat rate for the year.

Full details here: https://www.hfm.cpa/post/irs-raises-standard-mileage-rates-for-the-rest-of-2026

06/21/2026

06/16/2026

The tax landscape has changed significantly for businesses in 2026; is your strategy keeping up?

The One Big Beautiful Bill Act (OBBBA) has introduced major changes that are already reshaping how businesses approach tax planning. From charitable deductions and research costs to opportunity zones and energy tax credits, the opportunities are significant - but only for those who plan ahead.

Key areas to focus on this year:

✓ Corporate charitable deduction changes
✓ Research and experimentation cost recovery
✓ Tariff refund opportunities
✓ Qualified small business stock benefits
✓ Energy tax credit strategies

Don't wait until year-end to start planning. The businesses that act now will be best positioned to take advantage of what's available.

Check out the full article for all 10 strategies:

https://www.hfm.cpa/post/top-10-business-tax-planning-strategies-for-2026

06/11/2026

REMINDER:

The deadline for second quarter estimated tax payments is June 15, 2026.

06/09/2026

Did you know you can access your tax information 24/7 without picking up the phone?

The IRS offers secure online accounts for individuals and businesses that put you in control of your tax information instantly:

✓ View and download tax transcripts and W-2s
✓ Check your balance and payment history
✓ Make direct payments with no processing fees
✓ Set up payment plans online
✓ Access business tax records and notices

No more waiting on hold. No more delayed mail. Just instant access to the information you need, when you need it.

Setting up your account is simple; read our latest article to learn how to get started:

https://www.hfm.cpa/post/access-your-tax-information-anytime-with-an-irs-account