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CA Residents: Look Out for the Middle Class Tax Refund (MCTR) 1194 904 Bernstein Financial Services

CA Residents: Look Out for the Middle Class Tax Refund (MCTR)

As a part of the Middle Class Tax Refund (MCTR), California Franchise Tax Board has been issuing a one-time payment to provide relief to Californians, either as a direct deposit to taxpayer’s bank accounts or in the form of a debit card between October 2022 and January 2023. To find out if you qualify, visit…

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Employee Retention Credit
What Business Owners Should Know About Employee Retention Credits (ERC) 679 450 Bernstein Financial Services

What Business Owners Should Know About Employee Retention Credits (ERC)

Beware of consulting firms trying to solicit your business with misleading information about ERC Recently, business owners have been targeted with communications about the Employee Retention Credit (ERC), which is a stimulus program created in response to the COVID-19 pandemic and economic shutdown. The goal of ERC was to incentivize companies and small businesses with…

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double-downloads-QuickBooks
Avoiding Double Entries in QuickBooks 600 546 Bernstein Financial Services

Avoiding Double Entries in QuickBooks

Your company’s internal bookkeeper has chosen to download bank and credit card transactions directly into your QuickBooks.  What could possibly go wrong? Though online banking integrations are useful features, if not carefully set up, they can wreak havoc on your books and negatively impact your Financial Statements. In this article, we will discuss double entries, a common…

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Small-Business-Tax-Deadlines
Save Money with California’s “SALT” Workaround 600 600 Bernstein Financial Services

Save Money with California’s “SALT” Workaround

California, as well as several other states, have instituted a law that allows business owners to take advantage of State tax deductions that you wouldn’t be able otherwise. If you own an entity, S-Corp, or Partnership, you can pay your personal state tax at the entity level, deduct it on your federal entity return, thus lowering…

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living trust
Tax Considerations for Living Trusts 600 600 Bernstein Financial Services

Tax Considerations for Living Trusts

What Is A Living Trust? A lot of people wonder why they might need a living trust? How does it save me on taxes? I don’t have a lot of assets, what does that mean? I do have a lot of assets, what does that mean? There are several parts to a living trust, sometimes referred…

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Smart-Vault
Introducing SmartVault Portal 1110 870 Bernstein Financial Services

Introducing SmartVault Portal

It’s now easier than ever to send Bernstein Financial Services your financial documents. Simply upload the files to SmartVault. Our clients were notified to upload their tax information to our SmartVault portal. We are notified each time you upload documents, but we do not know when you have uploaded ALL of your documents. In order to…

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Bill Pay Checklist
Printable Bill Pay Checklist 1112 872 Bernstein Financial Services

Printable Bill Pay Checklist

Download our Bill Pay Checklist to keep track of your bills. Even if you keep your bills on auto-pay, it’s still a good idea to confirm and track your payments. Download

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Prop 19
Strategies to Lower Your Property Tax Bill 884 872 Bernstein Financial Services

Strategies to Lower Your Property Tax Bill

Property taxes are an unspoken burden of homeownership. Even after you pay off your mortgage, the tax bills keep coming and they tend to rise steadily over time. Here are strategies to lower your property tax bill and possibly save thousands of dollars over the decades to come.  Research property tax exemptions Some states and…

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deducting marketing expenses
Deducting Small Business Marketing Expenses 1080 1080 Bernstein Financial Services

Deducting Small Business Marketing Expenses

So much of marketing today seems to happen virtually, such as on your website, social media and teleconferencing calls. We can help you determine how to deduct marketing expenses.Payments for leased or licensed software (e.g., Adobe Suite subscriptions) are deductible as ordinary and necessary business expenses. Are you paying a third party for software to…

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Depreciation
Section 179: What Business Owners Need To Know About Depreciation 1080 1080 Bernstein Financial Services

Section 179: What Business Owners Need To Know About Depreciation

Depreciation is when a physical asset (such as furniture and equipment) loses its value due to normal use over time. Traditionally, businesses write off the cost of an asset over its total useful life, matching the expense with the use of the asset. Calculations are unique for every individual company and should be based on careful consideration of…

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