Tag: Tax News

Year-End Tax Planning for San Francisco Investors: Client Bulletin

Filed in CPA Blog by on October 31, 2013

November marks the penultimate month of the year, and of course penultimate means ‘next to last.’ So it’s time for tax planning, especially tax planning for investors and those with investment income. Many San Francisco residents have either small business income, investment income, or income from rental properties; a lucky few have stock options that […]

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San Francisco Tax and Accounting News: October Client Bulletin

Filed in CPA Blog by on October 1, 2013

October is here, and so is our October client bulletin. As a top accounting firm in San Francisco, we strive to keep ourselves up-to-date about tax and accounting issues and of course our clients. To read the bulletin in PDF, simply click here. In a hurry? Highlights are listed below – or just call us […]

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San Francisco Accountants Do Know How to Have Fun: Alaska Fishing Trip

Filed in CPA Blog by on October 1, 2013

Being an accountant or CPA often means that people have a stereotype. People think folks who love taxes, who understand double-entry bookkeeping, and who relish in the tussle and toss of the U.S. tax code… are well a) very serious, and b) even boring. But that is certainly not the case at Safe Harbor LLP, […]

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August, 2013 – San Francisco Tax Client Bulletin Posted

Filed in CPA Blog by on September 16, 2013

Safe Harbor LLP , a top San Francisco CPA firm is proud to announce the publication of their latest tax bulletin for individuals and small business owners. The firm shares this information first with clients and then posts it for the public on its website. “Education is an important part of our mission as a […]

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San Francisco Taxes – August Bulletin Posted for Small Business Tax

Filed in CPA Blog by on September 7, 2013

August is the last month of summer, and it’s a month of preparation: preparation for a new school year, a new Fall season, and – fortunately or unfortunately – a season to prepare for accounting, taxes and all the other financial issues for small businesses and high income individuals. Many new changes are coming with […]

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FAQs (Questions and Answers) on OVDP (Offshore Voluntary Disclosure Program)

Filed in CPA Blog by on April 28, 2013

April 29, 2013. Executive Summary. With San Francisco an International city, we have many inbound requests for help with the ‘OVDP’ or ‘Offshore Voluntary Disclosure Program.’ This program, of course, has to do with the disclosure of foreign-based assets by US residents. Because of continued strong interest from taxpayers and tax practitioners alike, the IRS […]

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Tax Refund Delays? Watch Out SF Bay Area!

Filed in CPA Blog by on March 3, 2013

Tax Season 2013 is proving to be a rough one. First of all, because of the ‘fiscal cliff,’ Congress delayed the necessary laws and the IRS had to delay many of the required forms. Even as late as February, some of the required forms are still not available and certain clients of Safe Harbor LLP […]

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Small Business Accounting and New Lease Standards: What Does it all Mean?

Filed in CPA Blog by on March 1, 2013

February 28, 2013. Executive Summary. Many small businesses in the San Francisco Bay Area engage in leases. But not all realize that how a lease is structured can have an enormous impact on how, and whether you can ‘expense’ the lease over the term of the lease as a business expense. This can in turn […]

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2012 / 2013 Tax Changes of the Taxpayer Relief Act: Capital Gains / Dividends Sunsets

Filed in CPA Blog by on January 19, 2013

Capital Gains / Dividends Sunsets The American Taxpayer Relief Act raises the top rate for capital gains and dividends to 20 percent, up from the Bush-era maximum 15 percent rate. That top rate applies to the extent that a taxpayer’s income exceeds the thresholds set for the 39.6 percent rate ($400,000 for single filers; $450,000 […]

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2012 / 2013 Business Tax Implications of the Taxpayer Relief Act

Filed in CPA Blog by on January 19, 2013

Business Tax Implications of the Taxpayer Relief Act Code Sec. 179 Small Business Expensing The American Taxpayer Relief Act extends through 2013 enhanced Code Sec. 179 small business expensing. The Code Sec. 179 dollar limit for tax years 2012 and 2013 is $500,000 with a $2 million investment limit. The rule allowing off the shelf […]

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