San Francisco Tax Tips – September, 2015 – Newsletter

Filed in CPA Blog by on August 22, 2015
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Happy September! September is a month for ‘back to school,’ and ‘back to work.’ As summer draws to a close, we might feel the cool breezes of Fall. Or not, since we are in San Francisco, where often September and October are among the warmest months of the year. We always chuckle seeing the tourists freeze in June or July, realizing that often the best months to head to Ocean Beach are September and October. What did Mark Twain say? “The coldest winter he ever spent was a summer in San Francisco.”

Best San Francisco CPA FirmsSo here we are at September. Our lively September, 2015, San Francisco Tax Tips Bulletin, looks towards the Fall, and focuses on some recent Supreme Court decisions that can affect your taxes. With the stock market plunge, another topic is how losses in your capital gains account can be carried forward in time.  Here are the topics of interest for September:

  • Past Losses Offer Winning Opportunities – a discussion of how losses in your investments can, and cannot, be used to counter profits.
  • Supreme Court Decision May Affect State Taxes – Maryland got into hot water over its county income tax. (To read an interesting side article on county and city income taxes, click here.)
  • Ongoing Responsibility for Retirement Plans – the Supreme Court was pretty intense, ruling that businesses have a long-term fiduciary duty vis-a-vis their retirement plans.
  • Tax Calendar – important tax deadlines coming up in September and October, 2015.

“Fall is among the most beautiful seasons in the San Francisco Bay Area,” commented Chun Wong, CPA, managing partner at Safe Harbor LLP. “With the recent plunge in the stock market, however, we advise our clients to always be prepared for the best – and the worst – whether it is in investments, or in the weather.”

To read the newsletter, please click here. Please feel free to reach out to us with any questions, and be sure to follow our lively blog on all issues of San Francisco and tax!

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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