Coronavirus Has Made US and State Taxes More Complicated

Filed in CPA Blog by on June 11, 2020
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Small businesses have it tougher than ever not just here in the San Francisco Bay Area but across the country. We’re a small business ourselves and we “get” the needs of small businesses in this difficult time.

Taxes are more tricky after Coronavirus for SF businesses

Photo credit: Alan Cleaver via Foter.com / CC BY

Taxes were complicated enough before, and now with all the rebates, programs, loans and deferments, they are even more complicated.

You need small business accountants in San Francisco that can help you through this very complicated environment! That would be us at Safe Harbor. No, we are not trying to tell you that even we find it a walk in the park, but our minds work in what, to many people, would seem strange ways. They take a look at what we do, and their minds go a blank. That’s why they use us in the first place, because we can make sense of it all.

However, the point is that we LOVE to find a way through the maze of regulations so that we come out the other end with the best result for each of our clients, and that result is to ensure that they pay the minimum amount of tax that the law requires and not one cent more.

And as small business accountants in San Francisco we will carry on doing that, Coronavirus or no Coronavirus, complex tax changes or not.

Time Is Flying By

One thing that you do need to know is that time is flying by. You may have breathed a sigh of relief when our President announced that tax filing and payment dates would be deferred by 90 days without penalties or interest, but we are already halfway through that 90 days so you only have another six weeks before penalties and interest kick in, which is not all that long. So if you need small business tax accountants in San Francisco to help you sort out your tax return, you had better contact us now.

At the moment, in order to be compliant and keep both our staff and our clients safe, we are working remotely and have canceled all unnecessary travel, but you can email us and we can talk on Skype or Zoom. The sooner you contact us, the sooner we can get to work on sorting out your tax situation. Obviously, we are all going to still have to pay taxes, but you want to pay the minimum amount, not have a guess, pay too much, and then spend forever and a day trying to get a tax refund from the IRS.

So contact us by phone or email and we can get started sorting out your books so that you stay compliant and pay the correct amount of tax when it is due. It isn’t very far away.


Photo credit: Alan Cleaver via Foter.com / CC BY

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