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Energy Efficient Home Credit
Have You Heard of the Energy Efficient Home Credit? 1200 1200 Bernstein Financial Services
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Have You Heard of the Energy Efficient Home Credit?

The Energy Efficient Home Credit, also known as Section 45L by the Internal Revenue Code (IRC), is a Federal Tax Credit that offers incentives for real estate investors to develop energy efficient homes and units. The tax credit applies to newly constructed or substantially renovated residences. Single-family homes, apartments, and condominium units with 20 or more units can be…

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join our team
Building Your Dream Team | Real Estate Development 1818 1198 Bernstein Financial Services
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Building Your Dream Team | Real Estate Development

If you’re a real estate developer, you need to be surrounded by a diverse team of professionals in order to successfully plan, build, and market your property development project. Large property development companies have dozens of employees to handle every aspect of a real estate development project. But does a small company require so many…

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business tax deductions
Are You Including These Business Tax Deductions? 868 868 Bernstein Financial Services
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Are You Including These Business Tax Deductions?

If you’re a business owner, you do not have time to worry about tax season. Your day-to-day concerns involve running your business. We find that business owners overlook money-saving opportunities that were not captured throughout the year. In this article, we discuss business tax deductions that clients frequently forget to report during tax season. We intend…

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How to Find Funding For Your Real Estate Development 1180 792 Bernstein Financial Services
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How to Find Funding For Your Real Estate Development

The last thing you want is to find the best location for your project, only to have it slip through your fingers because you don’t have the money yet. Before you find the right land, make sure that you have the funding ready to go! This is why it’s critical to secure the funds first,…

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CA Residents: Look Out for the Middle Class Tax Refund (MCTR) 1194 904 Bernstein Financial Services
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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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Cryptocurrency
Did You Buy or Sell Crypto? Watch Out for These Tax Surprises 900 506 Bernstein Financial Services
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Did You Buy or Sell Crypto? Watch Out for These Tax Surprises

There is a lot of confusion about what needs to be reported on your tax return if you have invested in cryptocurries are based on blockchain technology, like Bitcoin (BTC) or Ethereum (ETH). To report on your taxes, either your brokerage will provide a 1099B with sales and purchase summaries, or you will need to contract…

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Employee Retention Credit
What Business Owners Should Know About Employee Retention Credits (ERC) 679 450 Bernstein Financial Services
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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
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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
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Save Money with California’s “SALT” Workaround

The SALT (State and Local Tax) workaround is a money-saving strategy implemented by business owners in California. In 2017, the Tax Cuts and Jobs Act (TCJA) enacted a $10,000 cap on state and local tax deduction (including income taxes and property taxes) on federal tax returns. This limitation disproportionately affects individuals in high-tax states like California.…

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