HIVE TAX AI
Lotus Li
Lotus Li is a CPA who has transformed 20 years of professional experience into building products with a mission to simplifying everyone’s tax journey. She is passionate about bringing cutting-edge AI into the world of tax and finance and is deeply immersed in designing, building, and launching innovative AI-powered tax solutions.
Alternative minimum tax implications under current law
The individual AMT is an extra 3-step computation: determine alternative minimum taxable income (AMTI) by adjusting regular taxable income for AMT preference items, subtract the AMT exemption, apply AMT rates (26%/28%) to get tentative minimum tax, and compare it to regular tax
Net investment income tax calculations for high-income clients
Individuals owe a 3.8% tax on the lesser of: (a) their net investment income (NII), or (b) the excess of modified adjusted gross income (MAGI) over the statutory threshold ($200,000 single, $250,000 MFJ, $125,000 MFS; not indexed).
Tax treatment of PPP loan forgiveness and related expenses
PPP loan forgiveness is excluded from gross income. Congress codified that no amount is included in income by reason of forgiveness of a PPP First Draw, Second Draw, or §1109 PPP loan. Further, no deduction is denied, no tax attribute is reduced, and no basis increase is denied because of this exclusion.
How to apply new depreciation rules to manufacturing facilities?
Section 179 expensing limits increased starting with tax years beginning after 12/31/2024: up to $2,500,000 immediate expensing, with phase-out starting at $4,000,000 of Section 179 property placed in service, and indexed for inflation thereafter.
AI Tools Every Accountant Needs: Supercharging Efficiency with AI Tax Automation
Over the past few years, the accounting profession has seen a rapid shift toward automation, intelligent data processing, and generative models. What used to be âemerging techâ is becoming mission-critical.
How to Choose the Right AI Solutions for the 2026 Tax Season
The 2026 tax season will be shaped by rapid advances in AI tools for tax accountants. From AI tax automation to intelligent AI tax assistants, choosing the right solution can transform.
Optimizing Business Entity Structure: Q4 Tax Planning Strategies for CPAs
As the year winds down, CPAs need to sharpen their Q4 taxâplanning focusâespecially on the structure of business entities. Choosing or changing your entity type in Q4 can unlock significant savings on taxes, compliance, and liability. In this post, we walk through...
Q4 2025 Tax Planning: Maximizing Section 179 Deductions Before Year-End
As the calendar moves toward the final quarter, business owners and their advisors need to sharpen their Q4 tax planning. Among the most powerful tools still under-leveraged is the Section 179 deduction, especially in light of recent legislative changes.
State-specific tax law variations and updates
Concise, practitioner-focused roundup of notable state tax changes recently enacted or taking effect, plus how to monitor and plan for continuing variation across states.
Research and development credit optimization
Regular credit: 20% of current-year QREs over the base amount. Optimizes when your fixedâbase percentage is low and current QREs are high relative to gross receipts.