Lee McDonald's Latest Posts
The IRS has reminded taxpayers who owe 2020 taxes that there are different ways to pay their taxes online, including payment options for many people who cannot pay in full. The IRS stated that the most important thing that taxpayers with a tax bill should do is file a return by the May 17 due […]
The IRS has extended the list of federal tax forms that cannot be filed electronically for which it is temporarily allowing digital signatures. The IRS has also extended filing period for which digital signatures on these forms will be accepted. These forms can be sent to the IRS with digital signatures if they are postmarked […]
Michael Jackson’s image and likeness, as well as his interests in two trusts—one trust (NHT II) that held his interest in the Sony/ATV Music Publishing, LLC, and one trust (NHT III) that held Mijac Music—were valued for estate tax purposes. Image and Likeness The estate claimed that the decedent’s image and likeness was valued at […]
The IRS has provided guidance for employers, plan administrators, and health insurers regarding the new credit available to them for providing continuation health coverage to certain individuals under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) during the COVID-19 (Coronavirus) emergency. COBRA provides eligible former employees, retirees, spouses, former spouses, and dependent children with […]
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Safe Harbor CPAs Announces Key Pages on CPA Services for Corporations of All Types (LLC, C-Corp and S-Corp)
San Francisco, California – May 31, 2021. Safe Harbor CPAs, a top-rated CPA firm in San Francisco, California, is proud to announce updates to key pages for its services for corporations of all types including C-Corps, S-Corps, and LLC’s. These three types of corporate organization are immensely popular with the San Francisco startup community.
It’s tax time! But here’s the deal. It’s really tax time every single day. Every single personal or business financial decision you make has tax implications.
Safe Harbor LLP Announces New Post on the Complexity of Individual and Corporate Taxes for 2021, Including International
San Francisco, California – May 28, 2021. Safe Harbor LLP, California’s top-rated San Francisco tax CPA firm, is proud to announce a new post on the complexity of tax return preparation for the 2020 and 2021 tax years, including international tax returns.
Running your business is a full-time job. Whether you’re a downtown financial business, a taco stand in the Mission, or perhaps an Italian restaurant in North Beach, it’s hard. In fact, it’s probably MORE than a full-time job. Monitoring and figuring out your books isn’t probably high on your “fun” list. Yet it is a […]
The California Department of Tax and Fee Administration (department) issued a publication titled “Striking Gold in California” discussing the federal and the state tax filing requirements for small businesses set up as sole proprietorships. The publication discusses (1) taxes administered by the Internal Revenue Service; (2) income taxes administered by the Franchise Tax Board; (3) employee taxes […]