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.
Nonprofit organization tax compliance and Form 990 requirements
Most organizations exempt under IRC §501(a) must file an annual information return under §6033 on a Form 990-series return, reporting income, receipts, disbursements, and other required information.
Hive Tax AI Planning Major Update: Full Support for All Business Types and Documents
We’re excited to announce a major update to the Hive AI Tax Planning Platform that takes tax planning to a whole new level. Our platform now supports all business types and any documents, making it one of the most versatile and powerful tax planning solutions...
Accelerate Deductible Expenses: Your Q4 Tax-Planning Power Play with Hive Tax
As Q4 approaches, CPAs and business owners can unlock immediate tax savings by accelerating deductible expenses before year-end
Employment tax compliance for gig economy workers
Classify each worker under the common-law control test. If you have the right to direct what will be done and how, the worker is an employee (this applies even to remote workers).
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