The Bay Area is known as a hub for the most innovative ideas in the world. And our residents are also some of the most successful people. And every day, San Franciscans give their best to continue that trend and bring their best to everything they do!
Our success stories are not always an easy ride; we are human and make mistakes. What determines a successful person is not that they were perfect on their way to glory, but that they got back up after stumbling along the path.
Every leader you know today has suffered a significant failure before making it. Did you know Michael Jordan didn’t make varsity basketball during his sophomore year in high school? Or that Apple fired Steve Jobs before he was rehired and launched the world-changing iPhone? There is a list of ironic failures of wildly successful people in our history.
One of the best things a person can do when they fail is to learn from their mistakes and do better. Sometimes that requires reaching out to an expert who can review the problem and offer a fresh perspective to solve it. Our CPA team has helped lots of San Franciscans learn from their mistakes and do better with their amended tax returns.
There’s no Shame in Admitting Your Taxes Weren’t right the First Time
Even the IRS knows people honestly slip up and need to try again. It’s why the agency offers an opportunity for an amended tax return. And you may need to submit one for several reasons:
- The reporting from that side-gig wasn’t reported properly.
- After years of using the ‘single’ filing status, you are now head of household, but forgot to note it.
- The deductions weren’t on point, and you missed that list of charitable contributions to the animal shelter.
- Some taxes were overpaid because there was a snafu on what you claimed last year.
If managing taxes isn’t your career, it helps to get an expert involved. No one is perfect at everything! Even our San Francisco accounting team makes mistakes in some part of their lives (don’t ask about the overdone Thanksgiving turkey last year), but we excel in amended tax returns!
And we can help with other aspects too. If you aren’t leveraging your financials to the utmost, our tax advisors can review the entire financial landscape and locate spots that are being missed. And if you are too busy reaching other goals, it may be time to schedule regular meetings with a CPA to keep the financials clean. Safe Harbor also handles bookkeeping support if the daily logs have become too much.
When you’ve made a mistake with your taxes, it’s essential to own it and do better. Contact our team of the best CPAs in San Francisco to help with an amended tax return and achieve success.
