Accounting & Tax News

New Energy Credits from the Inflation Reduction Act

New Energy Credits from the Inflation Reduction Act

The Inflation Reduction Act (“IRA”), signed on August 16, 2022, offers taxpayers several tax savings opportunities for investments in energy efficient home and business improvements, as well as “clean” vehicle purchases.

Serving Our Community

Serving Our Community

Realize team members partnered with the Golden Gate Audubon Society and the Golden Gate Park Conservancy to plant 240 native plants at Crissy Field to support local fauna and flora. Thanks to our Community and Wellness committee, 14 Realize team members (including our Managing Partner, Tracy Hom) spent an afternoon in service to San Francisco’s natural habitats.

Year-End Tax Planning Considerations for 2022

Year-End Tax Planning Considerations for 2022

With 2022 racing to a close, we are carefully reviewing each client’s situation to identify the most effective tax-saving strategies. Please consider our year-end planning suggestions below, as they are likely to be applicable to your tax situation.

How is Equity Compensation Taxed?

How is Equity Compensation Taxed?

Equity compensation continues to be a popular way to incentivize and reward employees. When a firm pays an employee with equity, the employee’s compensation becomes tied to the success of the company. The taxation of equity compensation can be extremely complex. We wanted to provide a brief and general taxation overview of common types of compensation and planning ideas to consider.

Cryptocurrency, Tax, and You

Cryptocurrency, Tax, and You

With markets underwater, many clients are wondering what the tax effect of their cryptocurrency holdings might be. This article will help to provide you with a high-level overview, as well as some potential tax benefits, of trading in a bear market.

2022 California Pass-Through Entity (PTE) Elective Tax  1st Installment Due June 15, 2022

2022 California Pass-Through Entity (PTE) Elective Tax 1st Installment Due June 15, 2022

Since the Tax Cuts and Jobs Act of 2017 (TCJA), taxpayers have been limited in claiming the state and local tax deduction on their personal tax filings to a maximum deduction of $10,000. In late 2020, the IRS released IRS Notice 2020-75 which permitted certain taxpayers who own pass-through businesses such as partnerships or S-corporations to workaround the state and local tax limitation assuming certain state qualifications have been met.

Important Filing Dates for 2022

Important Filing Dates for 2022

As we plan for the year ahead, we are highlighting notable tax dates to make sure that our clients can keep track of important deadlines. Be prepared for the following filing dates in 2022.

Year End Tax Planning &  Update On Recent Tax Reform Legislation

Year End Tax Planning & Update On Recent Tax Reform Legislation

After much deliberation and contention, we contention, we are inching closer to a final version of the Build-Back-Better-America (BBBA) spending bill. Much to our surprise, many of the previously anticipated changes to tax rates and estate taxes were omitted from the recent bill.