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.
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 “emerging tech” 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 tax‐planning focus—especially 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 fixed‑base percentage is low and current QREs are high relative to gross receipts.
Energy credit calculations and phase-out schedules
The credit equals your base 45Y amount times the “phase‑out percentage” if construction begins in a phase‑out year. IRS final rules confirm the computation and that 45Y’s “applicable year” determination also governs 48E phase‑out. 1
Agricultural tax provisions and depreciation
Depreciation is allowed for property used in farming or held for the production of income under IRC §167; most post-1986 tangible farm property uses MACRS under §168 with prescribed methods, recovery periods, and conventions.
Real estate professional tax status qualification
To be treated as a real estate professional for passive activity loss rules, you must satisfy both annual tests below with respect to real property trades or businesses in which you materially participate: