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Welcome to Safe Harbor LLP. Based in San Francisco, California, we are a customer-service CPA and accounting firm helping not only individuals but businesses throughout California and the United States with their tax, accounting, and financial planning needs. Browse our website to learn about our practice areas, ranging from individual tax preparation to business taxes and financial guidance. Our motto is "We work harder for you." For a FREE consultation or to contact us, click here.

News and Events

San Francisco Tax Preparation / CPA: FAQ: What is the new de minimis safe harbor for tax expensing?

Businesses generally want to write off costs more quickly, to reduce their taxable income and their tax burden. One mechanism for accomplishing this is to deduct the costs of depreciable property rather than capitalizing them. Under Code Sec. 179, taxpayers can expense a prescribed amount of their costs for tangible depreciable property, even if the […]

Filed in CCH NEWS FEED by on November 21, 2014

San Francisco Tax Preparation / CPA: How Do I? Apply the Pease limitation

Higher-income individuals whose adjusted gross income (AGI) exceeds specified thresholds must reduce their itemized deductions that are otherwise allowed on their return. This reduction in itemized deductions did not apply to tax years 2010-2012, but has been reinstated, beginning in 2013. The provision does not apply to estates and trusts. Under the Pease limitation (named […]

Filed in CCH NEWS FEED by on November 21, 2014

San Francisco Tax Preparation / CPA: IRS releases 2015 inflation adjustments to retirement-related amounts; SSA publishes 2015 wage base

The IRS recently issued a long list of cost of living adjustments (COLAs) for various Tax Code provisions related to retirement savings. These COLAs are for the 2015 tax year and are dependent upon the CPI-U index average from September 2013 through August 2014. The Tax Code requires that federal income tax brackets and certain […]

Filed in CCH NEWS FEED by on November 21, 2014

CPA Blog

San Francisco ‘C’ Corporation and Tax Gotchas: The Accumulated Assets Tax

San Francisco is a city of entrepreneurship. Many residents start out as employees of technology companies such as Facebook, twitter, or yelp. And then they go off and start their own entrepreneurial company. Still others start their own business in a totally non-technology field such as restaurants or consumer businesses. And still others work in […]

Filed in CPA Blog by on November 30, 2014

Deferred Income Annuities – New Regulations (not just for California…)

Sometimes people move to California, make a lot of money… and then retire somewhere ‘cheaper.’ Incline Village in Nevada comes to mind, as do many locations in Arizona and elsewhere where the weather is still pretty good, but the cost of living is less.  And people in California generally live (or attempt to live) a […]

Filed in CPA Blog by on November 27, 2014

San Francisco Christmas Lights and Holiday Things to Do List Released by Safe Harbor LLP

Safe Harbor LLP, one of the San Francisco Bay Area’s top accounting firms, is proud to announce that they have released their online ‘virtual tour’ of the best Christmas / Holiday light decorations in San Francisco as well as things to do in San Francisco for the holiday season.  San Francisco is known as a […]

Filed in CPA Blog by on November 25, 2014