March is the center of the tax rush, as business tax returns become due and individuals are thick into preparations. That said, never stop learning! Our lively March, 2016, tax tips newsletter has some important forward-thinking articles. Our March tax tips newsletter for San Francisco, is – therefore – available in that spirit, here
Charitable Gifts – Are they Deductible? And More
San Franciscans are, generally speaking, a charitable lot. The city is full of non-profits, and city dwellers are known for being eco-friendly, pro-homeless, and civic-minded in a great city known for its openness and tolerance. That said, there’s nothing wrong with getting Uncle Sam to chip in, as many contributions are tax-deductible if you keep the proper records. The first article in the bulletin, therefore, overviews issues on charitable giving, especially in the digital age of gifts by cash, check, EFT, debit, credit, or payroll deducation. Before you know it, you’ll be using Applepay as well! Second, on the theme of saving taxes is an article on “Tax-Efficient IRA Withdrawals.” Ironically, you may find it better to pay your taxes now, rather than upon retirement, and some skillful tax planning can reduce the tax bite by being strategic about what you should do with “pre” tax and what you should do with “post” tax dollars.
Third, we shift gears to a scourge of our times: cybercrime. Small business owners have to be very wary these days of incoming emails and calls due to what is called “phishing.” Steps must be taken to prevent cybercrime. So, we turn to cybersecurity with some great tips to help you protect yourself. One can never be too cautious!
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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