San Francisco Tax Tips – August 2017 – Newsletter

As the ‘dog days’ of August come upon us, it’s nearly back to school. Guess what? College costs keep rising!  This month we dive deep into college. (To download the August eLetter, click here).

College & Financial Planning for San Francisco Bay Area Residents: We Can Help

San Francisco Tax Tips

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As we look forward to the return of school, our newsletter looks at changes to the FAFSA. There are many strategies to “reduce” income in years during which pesky college administrators will eye your income; the FAFSA now reaches back as far as sophomore year of High School to determine aid. However, savvy financial planning can shift income into years that are “outside” the reach of FAFSA and thereby maximize chances for aid. Another option is to change from an “S” corporation to a “C” corporation. If you have children approaching college, we can help with financial aid planning strategies. The second issue covered in the eLetter is the possible impact of any “Trump” Tax cut. Who can predict Washington? Probably no one, but that said, we keep a keen eye towards possible tax legislation, and we can always help with tax minimization strategies. Enjoy the eLetter and let’s get ready for the Fall!

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.

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