Hobe & Lucas CPAs

Let's talk about optimizing your cash flow. What are your biggest challenges when it comes to managing your cash flow effectively? #Financial #CashFlow #MoneyManagement #FinancialPlanningMonth

Should your business maximize deductions for real estate improvements now or spread them out? Have you made improvements to business real estate? You may be eligible for tax breaks for qualified improvement property (QIP). QIP includes any improvement to an interior portion of a nonresidential building that’s placed in service after the date the building was placed in service. QIP can be depreciated over 15 years (rather than 39). It’s also eligible for bonus depreciation and Sec. 179 expensing, which have been enhanced for 2025 and beyond. While maximizing first-year depreciation can be beneficial, sometimes spreading out depreciation deductions over multiple years can be better, such as if you’re in a higher tax bracket in the future. We can help you determine what’s best for you.

Are you up to speed on the new tax breaks under the One Big Beautiful Bill? Knowledge is power — and potential savings. See how these changes could impact your 2025 taxes and beyond.

Your tax refund isn’t just a bonus—it’s an opportunity. Whether you're looking to strengthen your financial foundation or plan for the future, consider how you can make your refund go further. From doubling your savings to growing your retirement, the right strategy today can lead to bigger returns tomorrow. Check out this article and get beyond only spending, but saving wisely. https://bit.ly/4olqudP

Your financial future deserves the best protection. Let's have a conversation about insurance and risk management. Are you confident in your current coverage? What are your concerns or questions about safeguarding your assets and loved ones? 🛡️#Financial #Insurance #RiskManagement #FinancialPlanningMonth

Why start-ups should consider launching as S corporations. Launching a new business means making key decisions, including how to set it up for tax purposes. Electing S corporation status can offer major advantages to start-ups. These include avoiding the double taxation faced by C corporations, reducing payroll taxes by dividing shareholder-employee income between salary and distributions, and protecting shareholders’ personal assets from claims against the business. But there are limits on eligibility, compliance requirements are strict, and administrative costs can be high. Let us help you evaluate whether operating as an S corporation would suit your start-up. If it does, we can assist you with filing the election and compliance going forward.

Not only is April Mai Gero the queen dog of her family, but rumor has it she's "distantly related" to the Pembroke Welsh Corgis once owned by Queen Elizabeth. Well, at least in her family's mind, she's royalty! 👑 April Mai loves swimming in the ocean whenever she gets the chance. Though she'd prefer to visit Cardiff Bay, Wales, to see her "ancestral lands," she's happy to splash around wherever her family vacations.

There’s still time for businesses to benefit from clean energy tax breaks. The One Big Beautiful Bill Act eliminates many business-related clean energy tax incentives. For example, the Qualified Commercial Clean Vehicle Credit is available only for vehicles that were acquired on or before Sept. 30, 2025. But businesses can still take advantage of other clean energy breaks if they act soon. The Alternative Fuel Vehicle Refueling Property Credit is available for property that stores or dispenses clean-burning fuel or recharges electric vehicles if placed in service by June 30, 2026. Similarly, the deduction for energy-efficient improvements to commercial buildings is available for eligible property beginning construction by June 30, 2026. Contact us to learn more.

Planning for retirement can feel overwhelming, but with the right guidance, we can make it a seamless process. Let's start the conversation about your retirement goals and aspirations. Are you on track with your retirement savings? What retirement lifestyle do you envision for yourself? #Retirement #FinancialPlanningMonth

Designing the right bonus plan for your business. Does your business offer performance-based bonuses? A well-designed plan can sharpen employee focus, align daily efforts with strategic objectives and fuel sustainable growth. To be effective, however, a bonus plan must establish clear, measurable goals tied to meaningful metrics, such as sales growth, customer retention or waste reduction. Keep the arrangement simple and transparent. Also, calculate payouts carefully to motivate employees without unduly straining cash flow. And review your plan regularly as business conditions change. Let us help you create a bonus plan that motivates employees, safeguards profitability, and complies with tax and accounting rules.