Dual Residency and Double Taxation Dilemma for Remote Workers

2020 brought into focus residency rules for remote workers, who ended up staying in “temporary” locations, like vacation homes, for longer than expected.   The following article provides an analysis of situations where individuals may become residents of two states simultaneously and potentially subject to dual taxation.

For more information click here.

By |June 22nd, 2021|Categories: Individual Tax|Comments Off on Dual Residency and Double Taxation Dilemma for Remote Workers

If you have a Limited Liability Company (LLC) in California and owe estimated tax fees for 2021, payment is due June 15, 2021.  Payment may be made online with the Franchise Tax Board.

By |June 9th, 2021|Categories: BCo Community News, Business Tax|Comments Off on

Starting a business and not sure if it’s worth consulting with a professional?

It’s worth it!

Bregante + Company LLP is solidly grounded in the fundamentals of traditional tax and accounting services. However, we believe that our clients especially value our service partnership approach to advising them, and in particular our creative approach to helping protect their interests during certain critical transactions that call for our expertise.

At B+Co, we are able to consult with our clients during the entire life cycle of their businesses; from entity selection and formation (LLC, Corp, Non-Profit), to retirement and business succession planning, and everything in between. Whether a client has one small business or multiple entities involved in diverse business operations, we find that helping our clients focus on long-term considerations and goals results in the […]

By |June 8th, 2021|Categories: BCo Community News, Business Operations, Business Tax|Comments Off on

Made in America Tax Plan

President Biden’s team has released additional information on the Made in America Tax Plan outlining proposed tax changes including raising corporate and individual tax rates.  Other proposals include taxing capital gains for high income taxpayers at ordinary income rates, changes to basis step up on inherited property and 1031 exchanges.

Additional details can be found here.  With the 2018 Tax Cut and Jobs act there were many revisions from the initial proposals in 2016, but this gives us an idea of what the White House is looking to accomplish.

By |May 28th, 2021|Categories: Announcements, BCo Community News|Comments Off on Made in America Tax Plan
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