San Francisco Tax Tips – October 2018 – Newsletter

The Supreme Court is very much in the news at the time of this writing, but let’s focus on something that impacts taxes, that is the Supreme Court’s Wayfair decision. This month’s eLetter focuses on two unrelated topics: the impact of online sales taxes and investment income in an unstable market. (To download the October eLetter, click here).

Online Entrepreneurs and Startups: We Can HelpTax Advice for San Francisco Startups

Many entrepreneurs in San Francisco are in the vibrant tech sector, namely online businesses. Some, for instance, are brainstorming the next app. Still others are engaged in e-commerce. And still others are B2B startups that sell stuff (services or products) to other businesses. Much of this is online, and much of this online business takes place out of state. Well, guess what? The Supreme Court weighed in on online sales in South Dakota vs. Wayfair and now allow states (e.g., South Dakota) to force businesses that do not have a physical presence to nonetheless collect sales taxes. Yikes! Well, if you are a San Francisco startup (or other type of online business), we can act as your outsourced CFO (people call us the “San Francisco CPA for startups“), giving you advice on not just sales tax but other types of tax minimization. We can even advise on stock options! So, read this informative article in the October eLetter and then give us a call.

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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