Category: Timely Articles


Important COVID-19 Update: The Small Business Administration Released the Application for the PPP Loan Program

At Hoberman & Lesser, we are constantly monitoring the U.S. Small Business Administration (SBA) for the application for the Paycheck Protection Program (PPP) loan program. We are pleased to inform you that a short while ago the SBA released guidance … Read More »

March 31st

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Important CARES Act Update from Hoberman & Lesser

We understand the challenges that individual and business taxpayers are facing related to COVID-19. Since Hoberman & Lesser CPAs, LLP is an “essential business,” we are open and available to assist you. Approximately 25% of our staff are working remotely, … Read More »

March 30th

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COVID-19 Relief: Overview of the New CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. In addition to giving people access to health care treatments, the new law will provide roughly $2 trillion in much-needed financial relief to individuals, … Read More »

March 29th

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Business Owners: Consider Hoberman & Lesser’s Outsourced Bookkeeping and Administrative Services

Business Owners: During these difficult times, please consider our Outsourced Bookkeeping and Administrative Services.

New York State defines accounting as an essential business. We are operating from our office in New York City (per CDC guidelines, we are taking voluntary social … Read More »

March 24th

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The IRS announces that income tax payments due April 15 can be deferred to July 15, regardless of the amount

The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the wake of the coronavirus (COVID-19) pandemic. After previously announcing that taxpayers could defer making federal income tax payments up to … Read More »

March 23rd

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Update on the New Business Interest Expense Limitation  

The Tax Cuts and Jobs Act (TCJA) imposed a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed regulations. The business interest expense limitation is a permanent change for tax years … Read More »

February 5th

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FAQs about LTC Insurance and Your Taxes

If you or a loved one needs long-term care, you probably don’t want to pay it from your hard-earned savings. Instead, consider purchasing a long-term care (LTC) insurance policy. As a bonus, qualified LTC policies may deliver some tax breaks. Here are … Read More »

January 30th

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Common Questions about Kids and Taxes

Does your son or daughter work during the summer or school year? A part-time job can be a great way for your child to learn about financial responsibility. It can also teach a valuable lesson about owing taxes. In addition to … Read More »

December 5th

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Tax Strategies for Seniors

Good things come to those who wait. Older taxpayers may be entitled to some age-based tax breaks. Here are the details.

Catch-Up Contributions to Retirement Accounts

Older taxpayers can make extra “catch-up” contributions each year to certain types of tax-favored retirement accounts. For … Read More »

November 20th

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FAQs About Virtual Currency and Your Taxes

Virtual currency has gone mainstream. AT&T recently announced that its customers can use Bitcoin to pay their phone bills. Other big companies that accept Bitcoin include Microsoft, Expedia and Overstock. Competitors likely will follow suit. However, using virtual currency has tax implications … Read More »

October 28th

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