Saturday, November 26, 2022

Giving Season and a Sustainable Earth

It is giving season, with Giving Tuesday coming up after the long Thanksgiving weekend. Now is the best time of the year to reach out to your Donors and make sure that they are thinking of you as they give thanks for the year and give donations into the end of the tax year.  GivingTuesday.org  #GivingTuesday

Black Friday is named such as a target date for companies to move from losing money for the year into profits: out of the red and into the black. Basically, if you paid all your expenses at the beginning of the year, all future sales after the break-even point would be pure profits. Thanksgiving Day, at the end of November is a wonderful target, that leaves one month of pure profits. Plus, if the last month of the year is disproportionate – like Christmas sales – that is pure gravy!

Tuesday, November 22, 2022

Renewable Energy and IRA 2022

Quick take for Inflation Reduction Act 2022

The Inflation Reduction Act is a huge legislation act passed in 2022. It includes increases in taxes (mostly corporate related), limits to some spending (like drugs), and a lot toward energy efficiency and renewable energy. See the overview on Wikipedia: https://en.wikipedia.org/wiki/Inflation_Reduction_Act_of_2022

Renewable Energy Incentives. The IRA has raised and extended the 30% investment tax credit to qualified renewable energy investments. There are many limitations and additions. Look for updated blogs here and get informed from the IRS and Treasury.