About David Crouch

David is the Firm Managing Partner at Bregante + Company LLP, primarily responsible for guiding the firms’ strategic direction, along with being a trusted business adviser for a diverse mix of clientele, by offering a host of tax, accounting and advisory services.

2020-2021 Tax Planning Guide

We hope you and your family are doing well and staying healthy during these unprecedented times.  With 2020 rapidly coming to a close soon (thankfully!), we are once again reaching out to share our annual Tax Planning Guide with you.  The 2020/2021 Tax Planning Guide is available here.

The massive changes brought to us in the Tax Cuts and Jobs Act (TCJA) will continue to affect 2020 and future tax years until 2025 and will continue to have a significant impact on tax planning, along with the new CARES Act and of course the PPP loans and forgiveness.

• Tax rates will stay consistent with 2019, with small increases to the taxable income brackets.

• The standard deductions have slightly increased again.

• […]

By |December 8th, 2020|Categories: BCo Community News|Comments Off on 2020-2021 Tax Planning Guide

2019-2020 Tax Planning Guide

With the year rapidly coming to a close soon, we are once again reaching out to share our annual Tax Planning Guide with you. The 2019/2020 Tax Planning Guide is available here www.webtaxguide.net/Bregante.

The massive changes brought to us in the Tax Cuts and Jobs Act (TCJA) will continue to effect 2019 and future tax years until 2025, and will continue to have a major impact on tax planning:

  • Tax rates will stay consistent with 2018, with small increases to the taxable income brackets;
  • Personal exemptions are still a thing of the past while the standard deductions have slightly increased again;
  • The higher alternative minimum tax (AMT) phase out increases again, further decreasing the number of individuals subject to AMT;
  • The 20% Qualified Business Income Deduction for income individuals receive […]
By |December 8th, 2019|Categories: BCo Community News|Comments Off on 2019-2020 Tax Planning Guide

New Year, New Leadership!

New year, new leadership! We’re thrilled to announce David Crouch as our new firm managing partner and Jennifer Ruth as our San Francisco office managing partner. With David and Jennifer joining Jeff Belingheri , managing partner of our Novato office, at the helm, we look forward to a fruitful and prosperous 2019 for BCo and our clients!   

Click for link to Pleasanton Patch Article

By |January 21st, 2019|Categories: BCo Community News|Comments Off on New Year, New Leadership!

IRS Increases Interest Rates for First Time Since 2011

Effective as of the 2nd calendar quarter beginning April 1, 2016, the Internal Revenue Service has increased the interest rates by 1% for all non-corporate and corporate taxpayers.

For taxpayers other than corporations (individuals, trusts, etc.), the overpayment and underpayment rates have increased from 3% to 4%.

The corporate underpayment penalty has increased from 2% to 3% and the interest rate on corporate overpayments exceeding $10,000 has increased from 0.5% to 1.5%. The underpayment penalty for large corporations has also increased, from 5% to 6%.

These rate increases are due to the increase in federal short-term rates that took effect February 1, 2016.

California rates will remain unchanged throughout the 2nd quarter (June 30, 2016).

More details regarding the rate increase can be found on the IRS […]

By |May 16th, 2016|Categories: BCo Community News, Business Tax, Individual Tax, IRS, Trusts and Estates|Tags: , , , , |Comments Off on IRS Increases Interest Rates for First Time Since 2011

Maximizing Benefits of §529 Plans

Using a §529 plan to pay for higher education costs can be a great tax savings tool in itself; although contributions are not tax deductible federally or for California, they are deductible in 34 other states. All withdrawals and earnings are tax-free if used to pay for qualified higher education expenses (“QHEE”) for a designated beneficiary. The plans can be transferred to any ‘qualified member’ of the beneficiary’s family (as defined by the IRS in Pub. 970), so the funds do not have to be lost if there is excess after the first beneficiary completes their higher education or decides not to use it at all.

For estate planning purposes, the §529 accounts do not count towards the owner’s gross estate for […]

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