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If you have ever wondered why your business in San Francisco, California, gets charged so much tax, it is because successful businesses are where the money is and the government wants as much of it as possible.
Safe Harbor CPAs Announces Post on Multistate Tax Return Preparation for Remote and ‘Work from Home’ Workers
San Francisco, California – November 30, 2020. Safe Harbor CPAs, a top-rated accounting firm in San Francisco, California, at https://www.safeharborcpa.com/, is proud to announce a new post on multistate tax issues, specifically the complexities of tax return preparation for remote and ‘work from home’ workers.
The Pandemic has changed a lot of things, among them: tax exposure. Many San Francisco Bay Area residents are now working remotely, and this “remote work” can create some new tax liabilities. How so? Well, as is always true with taxation: it depends. Let’s look at some common scenarios:
When you run a business in San Francisco, even if it is only a small business such as a restaurant or jewelers, you have all sorts of issues.
International taxes are extremely complex! There’s no getting away from it. You have the USA federal tax, the tax in the foreign country or countries, and you have state and local taxes here as well. Now tell me that’s not complicated!
Safe Harbor CPAs Announces New Post on Preparing California Tax Returns for Businesses and High Income Individuals
San Francisco, California – November 3, 2020. Safe Harbor CPAs, a team of accountants in San Francisco, California, is proud to announce a new post on tax return preparation for California businesses and residents. The recent Pandemic has caused extensive changes in both federal and California tax laws.
November 1, 2020 – San Francisco, California. Safe Harbor LLP, a San Francisco CPA firm focused on high net-worth individuals and Bay Area businesses at https://www.safeharborcpa.com/, is proud to announce a new post on the importance of finding a tax advisor in the current tumultuous environment.
When you run any sort of business in San Francisco, you have to prepare a tax return. Even if you make a loss and don’t owe any tax, you still need to prepare a tax return and provide proof that you don’t need to pay anything.
If you do nothing else, listen to this advice: don’t try to do your tax return yourself. Unless you are a very simple W-2 income earner, you will drive yourself nuts! And if you own any sort of business in the Bay Area you would be crazy even to think about it.
OK. Maybe that sounds like a silly question. But the fact is that quite a number of people choose a tax amateur to do their tax return rather than a tax professional because it “saves money”. Or so they think.