BCo Community News

2017 Tax Planning Guide

With the end of the year rapidly approaching, we are once again reaching out to share our annual Tax Planning Guide with you.  The 2017/2018 Tax Planning Guide is available here www.webtaxguide.net/Bregante.

Sweeping tax law changes that will impact individuals and businesses are outlined in the proposed Tax Plan released by the House Republicans on November 2, 2017 including:

  • Proposed decreases to certain individual and most business income tax rates
  • Repeal of a number of personal tax breaks including the deduction for state income taxes which can be significant for most California residents, reduction in the amount of new acquisition debt for principal residences that qualifies for the mortgage interest deduction, elimination of the mortgage interest deduction for […]

2016 Tax Planning Guide

 

Our 2016/2017 Tax Planning Guide is now available. The election of a new President in addition to Republicans retaining control of Congress could result in significant changes in tax laws in the upcoming year.  Our online Tax Planning Guide will give you access to updated tax and financial planning information throughout the year as legislative changes are made. Feel free to forward it to friends and family who you think might find it interesting or helpful. We hope this guide will prove to be a convenient resource for you throughout the year.  Just a few of the topics covered in the guide are:

  • Changes to some business and individual tax filing deadlines effective in 2017
  • Tax planning for investments and net investment income tax
  • How […]

Another Successful Bregante + Company LLP Golf Tournament Supporting Agape Villages Foster Family Agency

bco-golf-2016

Thank you to all our clients and friends who participated in our 15th Annual Bregante + Company LLP Fundraising Golf Tournament benefiting Agape Villages Foster Family Agency.

At the risk of rain, 55 golfers began their 27-hole round at Poppy Ridge Golf Course in Livermore, California at 8 a.m. yesterday, October 25th.  Luckily, 15 minutes of light showers turned into a beautiful and fun day of golf.  We look forward to seeing everyone again at next year’s tournament.

Agape Villages is a licensed foster family agency placing children in foster homes in communities throughout Northern California.  They provide needed services to foster families and disadvantaged youth.  We are proud to support their efforts for the fifth consecutive year.

By |October 26th, 2016|Categories: Announcements, BCo Community News, Nonprofit Organizations|Tags: , |Comments Off on Another Successful Bregante + Company LLP Golf Tournament Supporting Agape Villages Foster Family Agency

CalNonprofits Convention 2016

calnonprofits-conventions-2016-100316We are proud to sponsor the good works of CalNonprofits at its 2016 Convention on Thursday, October 6th in Los Angeles, CA.  This annual meeting sets the focus for California non-profits for the coming year.  Among this year’s full agenda are discussions regarding predictions for the November elections’ impact on non-profits, funding and the privacy of donors.

By |October 4th, 2016|Categories: Announcements, BCo Community News, Nonprofit Organizations|Tags: , , |Comments Off on CalNonprofits Convention 2016

Charitable IRA Distributions

Asset Allocation GettyImages-512058570 091516A little known but potentially powerful tool for the philanthropically inclined is the “qualifying charitable distribution” (QCD) from an Individual Retirement Account (IRA).  A QCD must be:

• From a traditional IRA or Roth IRA
• Transferred directly from the IRA Trustee to the charitable organization
• Made on or after the IRA owner has reached age 70 ½
• Contributed to a qualified charitable organization, as defined by IRC Section 170(b)(1)(a)

There are several tax benefits of QCDs, the most notable of which is that the distribution is not included in your Adjusted Gross Income (AGI).  This can provide a significant benefit over taking a distribution personally and then making a charitable contribution personally, which results in higher AGI and then (in […]

By |June 15th, 2016|Categories: BCo Community News|Tags: , , |Comments Off on Charitable IRA Distributions