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HHM CPAs Teams Up With Bizzell, Neff & Galloway in Florida

CPA Practice

Top 100 accounting firm HHM CPAs has expanded outside of Tennessee after merging in Pensacola, FL-based CPA firm Bizzell, Neff & Galloway on March 1. HHM has three offices in Tennessee: Chattanooga, Memphis, and Cleveland. Bizzell will continue his role as managing partner of the HHM Pensacola office.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

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The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.