Here comes the end of the year rush. Thanksgiving, Christmas, Hanukkah and other holidays crowd the schedule. One more thing to do? Year-end tax planning. Read our lively newsletter for tips and ideas. (To download the November eLetter, click here).
End of Year Tax Planning for San Francisco Bay Area Residents & Businesses: We Can Help
Both individuals and businesses can benefit from year-end tax planning. However, as our newsletter points out there is a degree of uncertainty because of President Trump and possible tax changes. With changing in mind, you might accelerate certain deductions and push forward possible income (if possible). Other issues are more standard. For example, if you think 2018 will be better for you, financially, than 2017, then you might pull income into 2017 (or vice-versa). Similarly, if your employer offers any type of retirement remuneration, you should take advantage of that; different retirement options have either pre- or post-tax contributions. And businesses can choose to “expense” certain business equipment if that’s advantageous, too. As one of the top tax preparation services in San Francisco, we can help with all your planning needs. Holiday shopping? For that, you’re on your own.
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.
Safe Harbor CPA
Tel. 415.742.4249
Photo credit: Candida.Performa via Foter.com / CC BY
