Mon12222014

Business & Real Estate

Business Brief


Dietz

Investment group CEO named Entrepreneur of the Year

Traders Magazine recently named Stanford Investment Group Inc. (SIG) President and CEO Helen A. Dietz its Entrepreneur of the Year. The award is presented annually to an individual who pursues and succeeds in new ventures or businesses in financial markets.

“I’m truly honored to be named Entrepreneur of the Year,” said Dietz, who joined the Mountain View-based investment group in 1987 and became president and CEO in 2004. “This award is a reflection of the entire Stanford Investment Group team’s passion for our industry and commitment to our clients,” she said.

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IRS offers tips for year-end gifts to charity

Many people give to charity each year during the holiday season, however, there are several tax rules to be aware of before giving. Following are tips from the IRS to keep in mind.

• Qualified charities: You can only deduct gifts you donate to qualified charities. Use the IRS Select Check tool online to see if the group you contribute to is qualified. Remember that you can deduct donations to churches, synagogues, temples, mosques and government agencies. This is true even if Select Check does not list them in its database.

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IRS reports 2015 tax inflation adjustments

The IRS recently reported 2015 tax year inflation adjustments for more than 40 tax provisions of interest to most taxpayers.

• The tax rate of 39.6 percent affects singles whose income exceeds $413,200 ($464,850 for married taxpayers filing jointly), up from $406,750 and $457,600, respectively, in 2014. The other marginal rates – 10, 15, 25, 28, 33 and 35 percent – and the related income-tax thresholds are described in the revenue procedure.

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IRS Brief

State seeks to return $20 million in undelivered taxrefunds

The California Franchise Tax Board is holding more than $20 million in returned income tax refunds.

This year, the U.S. Postal Service returned nearly 47,500 refunds ranging from $1 to $50,000. Taxpayers who moved after they filed their returns and failed to update their addresses are the main reason refunds are returned.

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Business Brief


courtesy of Cobalt Power Systems Inc.
The Cathedral of Faith campus in San Jose, above, recently selected Cobalt Power Systems Inc. to design and install its new solar photovoltaic system.

Local firm to install cathedral’s solar system

The Mountain View-based Cobalt Power Systems Inc. recently reported that it has been selected to design and install a 658-kilowatt solar photovoltaic system at the Cathedral of Faith in San Jose.

“We are very pleased to be selected for this significant installation on the Cathedral of Faith campus,” said Daniel Hill, Cobalt’s director of sales and marketing. “We expect the project to be complete and producing power for the campus by March.”

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Business Brief


Rendering courtesy of Sares Regis Group

Exercise studio coming to Colonnade

Exercise studio barre3 is scheduled to open next year at the Colonnade development at 4750 El Camino Real in Los Altos, pictured above.

The studio – which combines ballet with yoga and Pilates – has leased 1,460 square feet of retail space in the development, which will include 167 apartment units, 38 townhouses and retail once completed. The studio is the third business to sign on at the Colonnade – joining The Vitamin Shoppe and Jos. A. Bank.

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State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination for science lovers and curious folks is leaving Los Altos.

In a letter to customers earlier this month, Helix by Exploratorium Director Anne Richardson announced that the science center at 316 State St. is closing its doors Nov. 30.

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