San Francisco, March 24, 2018. Safe Harbor LLP, considered one of the best corporate CPA firms in San Francisco, is proud to announce an easy-to-read commentary on the TCJA (Tax Cut and Jobs Act) of 2017 and its impact on corporations and businesses.
The CPA firm has received a steady stream of inquiries from San Francisco Bay Area businesses that are both anxious and optimistic in light of the so-called Trump tax changes. Due to the confusion, the firm has written a short commentary to its blog focused on corporate and business tax issues.
“We are known as one of the boutique San Francisco CPA firms that really gets into the nitty-gritty of tax,” explained Chun Wong, Managing Partner at Safe Harbor LLP. “Any smart San Francisco business or corporation would do well to ignore the media hype surrounding the TCJA, and first read our post and then reach out to us or another tax advisor to really understand how the new tax law creates both threats and opportunities.”
To read the post on business tax issues, visit https://www.safeharborcpa.com/business-tax-changes-for-california-businesses-in-the-new-tax-law-a-san-francisco-perspective/. The post explains that the new tax law makes big changes in how businesses are taxed, and which forms of business organization are the most advantageous. Many San Francisco clients are not only high income but also often have diverse business interests, including overseas interests that expose them to international tax issues. Others, especially those who work in San Francisco’s vibrant technology sector, have business interests in start ups (the firm is known as the best CPA firm for startups in San Francisco), or perhaps have stock options as part of their compensation. Still others have small or medium-sized businesses and want to know how to optimize their businesses here in the San Francisco Bay Area to minimize the tax bit. This post is a discussion, but if any business or corporation that need a consultations should reach out for a detailed consultation.
After unifying the House and Senate tax reform provisions into one piece of legislation, the Tax Cuts and Jobs Act, (“TCJA”) was approved in the House and Senate and signed by President Trump on December 22, 2017. The bill represents the most significant revision of the US tax code in decades and will have many long-term effects. The post gives an overview of some of the significant provisions affecting business taxpayers are identified
A CPA FIRM FOR BUSINESSES AND CORPORATIONS IN SAN FRANCISCO
Here is background on this release. Businesses have always faced a difficult tax environment, especially in high tax California. First, they pay a complex myriad of city, state, and federal taxes. Second, they are under obligation for reporting and other requirements. Third, those that have international tax exposure face an entirely new dimension of taxes. And, fourth, with the new tax changes, they face an unstable, new tax environment. For these reasons, the firm has written this short post to its blog, but the firm cautions that it cannot be construed as tax advice. Interested parties are urged to first read the post, and then to reach out for a confidential consultation. They can also view the firm’s informational page on its business and corporate tax services at https://www.safeharborcpa.com/business-tax/.
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.
Safe Harbor CPA