Our Insights

A Rare Opportunity for Small Business Owners The passage of the Consolidation Appropriations Act, 2021 has made…

Prior to 2020, nonemployee compensation was reported on 1099-MISC in Box 7.  The IRS has now reinstated Form 1099-NEC to report nonemployee…

Late into calendar year of 2020, one that none of us will soon forget, the IRS issued additional guidance on the deductibility…

Does it affect your business? The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for…

– Reasons to Outsource Accounting – A 2018 survey conducted by the Association of Certified Fraud Examiners found that…

Avoid these common mistakes For 2019, the lifetime gift and estate tax exemption has reached a whopping $11.40 million…

One downside of contributing to a traditional IRA is that, once you reach age 70½, you must begin taking required minimum distributions…

In a small or growing business, you most likely wear many hats. You’re the leader, you’re the HR department, you could be…

CLEVELAND, OH – August 28th, 2019 Hobe & Lucas CPAs, a full-service accounting and business consulting firm serving clients…

The Wayfair case was decided by the Supreme Court in June of 2018 (South Dakota v. Wayfair). It has largely changed the landscape…