March 20, 2018 – San Francisco, California. Safe Harbor LLP, a top San Francisco Accounting Firm with a focus on tax services for businesses, international tax, and high net worth individuals, is proud to announce a new post to their blog on business tax issues in light of the Trump tax code changes. It should be noted that the firm is in the midst of tax preparation season for both individuals and businesses in San Francisco, but the post focuses on upcoming tax changes in the new year.
“Ironically, the new tax changes have focused our clients’ attention on taxes yet the impact is not for last tax year, 2017, but for the coming tax year,” explained Chun Wong, Managing Partner at Safe Harbor LLP. “That said, we are always looking to the future, and use our lively blog to focus attention on opportunities and challenges such as the deduction for pass-through income in the next tax law.”
To view the blog post, visit https://www.safeharborcpa.com/business-tax-preparation-in-san-francisco-changes-to-the-deduction-for-pass-through-income/. To view information on business tax preparation in San Francisco, please visit the website.
TAX PREPARATION FOR 2017 AND 2018
Here is background on this release. With the recent tax legislation out of Washington as the biggest change to the US tax system in decades, people have been awakened from their slumber about taxes. Many new pitfalls and new opportunities have been created by the changes, but these impact the 2018 tax year and not the 2017 year, for which tax preparation is currently underway. Among the big changes are changes to how small business pass-through income can be calculated and many savvy San Francisco businesspeople are already planning ways to take advantage of the new tax law. Any person who has a business in the San Francisco Bay Area is urged to read the new post, and to reach out to the CPAs and tax professionals at Safe Harbor LLP for a consultation. While everyone is in the midst of doing taxes for last year, the smart money is focused on preparing their business strategies to take advantage of the tax changes in the current year of 2018.
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.
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