14 09, 2023

Residential Energy Credits

2023-09-14T09:28:59-07:00September 14th, 2023|Uncategorized|0 Comments

Y0u may not be aware that there are credits up to $1200 for certain energy improvements.  This will be available through 2033. 2023 expands this credit.  It covers windows, doors, insulation, central air, hot water heaters and furnaces. Read the full IRS article to learn more.

14 09, 2023

Clean Vehicle Credit

2023-09-14T09:05:01-07:00September 14th, 2023|Uncategorized|0 Comments

The Inflation Reduction Act of 2022 made some changes to the Clean Vehicle Credit.  This now expands to previously owned plug-in electric vehicles. It must be a "qualified manufacturer" You should search your vehicle make and model to see if it qualifies There are income limits set to qualify The credit is non-refundable meaning you [...]

5 09, 2023

Starting a Business

2023-09-05T11:09:05-07:00September 5th, 2023|Uncategorized|Comments Off on Starting a Business

Tax basics for setting up a business Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business. Here are a few things any entrepreneur needs to do when starting their business. Choose a business structure The form [...]

29 06, 2023

Tax Planning

2023-06-29T11:44:49-07:00June 29th, 2023|Uncategorized|Comments Off on Tax Planning

  Tax planning doesn’t stop after a taxpayer files a tax return Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What a taxpayer does now may affect the tax they owe or the refund they may receive next year. Here are some simple year-round tax planning [...]

22 06, 2023

Tax considerations when selling a home

2023-06-22T10:29:10-07:00June 22nd, 2023|Uncategorized|Comments Off on Tax considerations when selling a home

Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. When selling a home, homeowners should think about: Ownership and use To claim the exclusion, the taxpayer must meet ownership and use tests. During the five-year [...]

14 03, 2023

Silicon Valley Bank Failure

2023-05-04T09:24:37-07:00March 14th, 2023|Uncategorized|Comments Off on Silicon Valley Bank Failure

CIO NOTE from Mark DiOrio, Brookstone Capital Management What Happened? Silicon Valley Bank was shut down by regulators on Friday, March 10. This is the second largest bank failure by size (unadjusted for inflation) in U.S. history. This is a standard regulatory practice when a bank begins to either have liquidity or solvency issues. Who [...]

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