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.
Qualified business income deduction optimization
Maximize QBI, but remember the deduction is the lesser of 20% of QBI (plus 20% of qualified REIT/PTP income) or 20% of taxable income reduced by net capital gain. Managing taxable income and net capital gain often binds the deduction before business limits do. 1
BEAT, GILTI, and FDII calculations under new rules
Below is a practical framework to compute each regime, highlight interactions, and reflect changes made by the One Big Beautiful Bill Act (OBBBA). Where OBBBA adjusted parameters effective for tax years beginning after 12/31/2025, I note those new amounts.
PTE tax election strategies and deadlines
Many states let partnerships and S corporations elect to pay state income tax at the entity level (PTE or PTET). The entity-level tax is generally deductible by the business for federal income tax purposes, bypassing the individual SALT $10,000 cap on Schedule A
How to calculate late filing penalties for partnerships?
A partnership owes a penalty if it files Form 1065 late (after the due date, including extensions) or files an incomplete return lacking required information, unless it establishes reasonable cause. 1
When are 2025 business tax return deadlines?
Calendar-year filers (tax year ending Dec 31, 2024): due March 17, 2025 (March 15 falls on a Saturday) Fiscal-year filers: due the 15th day of the 3rd month after year-end
Navigating Crypto & NFT Taxation This Fall: What CPAs Must Know
As leaves turn brown and tax deadlines loom, Fall 2025 marks one of the most important seasons yet for CPAs handling clients with digital assets
Remote Work Tax Implications in the 2025 Fall Season: What CPAs Need to Know
As remote and hybrid work solidify into standard practice, CPAs are facing increasingly complex tax issues this fall. State nexus, payroll withholding, interstate residency rules, and limited home‐office deductions are among the many pitfalls.
What CPAs Need to Know About OBBBA This Fall: Key Tax Changes
The One Big Beautiful Bill Act (OBBBA), passed July 2025, introduces major tax law changes—higher standard deductions, expanded SALT deductions, increased estate & gift tax exemptions, new deductions for seniors, and more.
Fall Tax Strategies for CPAs: Leveraging the One Big Beautiful Bill and Hive Tax AI Tools
Equip your CPA practice this fall with strategic insights into the “One Big Beautiful Bill” (OBBB) of 2025 and how Hive Tax AI research and planning tools can dramatically streamline tax research and planning.
Electronic signature requirements for tax documents
The IRS is authorized to accept digital or other electronic signatures and to publish standards for their use. Documents signed under an IRS-adopted electronic method are treated the same as ink signatures for all civil and criminal purposes, including penalties of perjury 1.