San Francisco Tax Tips – June 2018 – Newsletter

Filed in CPA Blog by on May 26, 2018
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As summer clouds come to San Francisco, our monthly newsletter has a new focus on the needs of small business. If you own a business in San Francisco, you’ll find this issue informative. (To download the June eLetter, click here.)

Small Business Issues and Needs

San Francisco Tax Tips 2018 June

Photo credit: Julien Haler via Foter.com / CC BY

While not every topic in the June, 2018, “Client Bulletin,” is solely relevant to small business owners and entrepreneurs, the topics are relevant to small business owners. For example, there’s an informative article about summer vacations and the impact that employee vacations can make on productivity for your business. San Franciscans love to take their vacations (who doesn’t?), and so as a business owner it’s yet another issue on your plate – scheduling. Second, there’s an article on the continuing fuzziness concerning home equity interest loans and their deductability under the new “Trump” tax changes. Many small business owners use their Home Equity Lines of Credit (HELOCs) for cash flow purposes; now, not all of that would be tax deductible. (Contact our office for some tax strategies for your business vis-a-vis loans and debt). And, finally, for those who are getting up in years there’s an informative discussion about retirement risk amidst a still-booming (as of this writing) stock market. Again, not every topic is relevant only to small business owners, but many business owners and entrepreneurs have the wealth to worry about these issues. Regardless of whether you own a business or not, you’ll find the June issue an informative read.

About Safe Harbor LLP – a Professional CPA Firm in San Francisco

Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service. Its goal: to be the best CPA firm in San Francisco.

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