San Francisco Tax Preparation / CPA: IRS Extends Acceptance of Signature Images, Digital Signatures

The IRS has announced that it is extending its temporary acceptance of certain images of signatures (scanned or photographed) and digital signatures on documents related to the determination or collection of tax liability until June 30, 2021. Further, a temporary deviation has been implemented that allows IRS employees to accept documents via email and to […]

San Francisco Tax Preparation / CPA: CA – Individual shared responsibility penalty regulations adopted

The California Franchise Tax Board (FTB) has finalized regulations regarding the Individual Shared Responsibility Penalty imposed on personal income taxpayers who fail to enroll and maintain minimum essential healthcare coverage. Individual Shared Responsibility Penalty Beginning January 1, 2020, all California residents must either have qualifying health insurance coverage, obtain an exemption from the requirement to […]

San Francisco Tax Preparation / CPA: Guidance on Business Deductions of PPP Loan Recipients

The IRS has issued guidance clarifying that taxpayers receiving loans under the Paycheck Protection Program (PPP) may deduct their business expenses, even if their PPP loans are forgiven. The IRS previously issued Notice 2020-32 and Rev. Rul. 2020-27, which stated that taxpayers who received PPP loans and had those loans forgiven would not be able […]

Taxes Get Ever More Complicated, and This Year We Have COVID as Well

Tax time is here! You may need a top-rated CPA in San Francisco to do your taxes as they seem to get more complicated every year. This year, we have a number of unusual tax provisions due to the Pandemic, so you can’t just take your business taxes down to the big box tax guys.

2020 Has Gone – Thank Heavens – but Taxes Are Still Here!

Corporations are rushing to get their taxes filed on time for 2021. What a year 2020 was, right? Well, for corporations in San Francisco it was the best of times (for some) and the worst of times (for others).

Safe Harbor CPAs Announces Post on International Business Tax Return Preparation in San Francisco

San Francisco, California – February 2, 2021. Safe Harbor CPAs, a top-rated accounting firm in San Francisco, California at is proud to announce a new post on tax return preparation for San Francisco businesses.