January 1, 2021 – San Francisco, California. Safe Harbor LLP, a top-rated CPA firm in San Francisco California, is proud to announce new web content due to increased demand for multistate tax return preparation as remote work increases. Many technology workers have crossed state lines and may have previously been based in California but now based in other states, thus creating complex multistate tax issues. Indeed, many Canadian and other citizens face international and expatriate tax return preparation needs. Hence, the company is announcing new content for these needs.
“Remote work was a trend before 2020 and it really became one in the past year,” explained Chun Wong, the Managing Partner at Safe Harbor LLP. “Many San Francisco residents now have left the state, at least temporarily, and are working remotely. In some cases, remote work creates multistate tax problems. Indeed, we have many Canadian clients who are looking for best-in-class international tax preparation services.”
Interested persons can view the newly updated page on multistate tax at https://www.safeharborcpa.com/multistate-tax/. Those who are interested in expat tax return preparation. In either case, persons who are working remotely should reach out for a consultation on their tax issues. In some cases, smart strategies can minimize the potential tax liabilities created by remote working, whether these by across state lines here in the United States or between countries such as the United States and Canada.
THE TREND TOWARDS REMOTE WORK AND THE NEED FOR BEST-IN-CLASS TAX PREPARATION SERVICES FOR HIGH INCOME INDIVIDUALS
Here is the background to this release. Among the trends of 2020 is the trend towards remote work or “working from home.” In a big city such as San Francisco, many tech workers had previously been tethered to their physical place of employment. Whether they worked at Google, Pinterest, Twitter, LinkedIn, Yelp, or other big Bay Area employers, they tended to go into work in a “traditional” sense of the work. Even so-called “open office” arrangements still meant a “traditional” physical place of employment. The rise of the Pandemic, however, untethered this relationship and many tech workers began to work “remotely” or “from home.” Once this happened, many realized that they could flee expensive San Francisco for less expensive areas and/or returned to their parents’ homes. Still others took the time to work here and there. In some cases, however, this “remote work” created new multistate tax liabilities, especially for highly affluent tech workers. The new content and new demand being experienced by Safe Harbor is proof-positive that 2020 is the year of the remote worker, and – accordingly – the year of multistate and expat tax return preparation.
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 help 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.