Tag: Tax Planning

Year-End Tax Planning for San Franciso Bay Area Residents

Filed in CPA Blog by on November 15, 2013

As the end of the year approaches, it’s time to consider strategies that can help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is particularly true for year-end planning. You can’t know where to go next […]

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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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Understanding Retirement Planning in San Francisco: New In-Plan Conversions

Filed in CPA Blog by on May 31, 2013

Here’s an excerpt from our May, 2013, client newsletter. As a top San Francisco CPA Firm, we strive to keep our clients up-to-date about all sorts of tax and financial issues. No issue is more important than retirement. With California taxes as high as they are, it’s incredibly important to squeeze every possible tax savings […]

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California Businesses Can Benefit from Enterprise Zone Tax Savings (Part 1)

Filed in CPA Blog by on May 18, 2013

May 20, 2013 By Robert Salazar, CPA – Tax Alliance Group, LLP Robert Salazar, CPA, is the founder and president of The Alliance Group (TAG), a tax advisory firm specializing in Federal & State tax credits. TAG’s niche expertise regularly benefits business leaders in many industries including aerospace, pharmaceutical, manufacturing, software development, and telecommunications. Under […]

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The Enterprise Zone Sales or Use Tax Credit (Part 2)

Filed in CPA Blog by on May 18, 2013

Continued from Part 1 by May 20, 2013, By Robert Salazar, CPA – Tax Alliance Group, LLP California Revenue and Taxation Code section 23612.2 provides banks or corporations operating in an enterprise zone an income tax credit for sales or use taxes paid. The credit is equal to the sales or use tax paid or […]

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The Enterprise Zone Hiring Credit (Part 3)

Filed in CPA Blog by on May 18, 2013

Continued from Part 2 by May 20, 2013, By Robert Salazar, CPA – Tax Alliance Group, LLP Banks and corporations operating in an enterprise zone can also reduce their income tax exposure by taking advantage of the enterprise zone hiring credit. California Revenue and Taxation Code section 23622.7 provides an income tax credit to businesses […]

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Net Interest Deduction and Conclusion (Part 4)

Filed in CPA Blog by on May 18, 2013

Continued from Part 3 by May 20, 2013, By Robert Salazar, CPA – Tax Alliance Group, LLP Another incentive businesses in enterprise zones should explore is the net interest deduction. In an effort to encourage business growth and development in enterprise zones, California Revenue and Taxation Code section 24384.5 allows taxpayers an interest deduction on […]

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Financial Reporting and Accounting Changes, the San Francisco Bay Area Perspective: Big Change for Small Business

Filed in CPA Blog by on May 1, 2013

May 1, 2013. By Jenea Smith, CPA. Executive Summary. This article overviews recent proposed changes by the American Institute of Public Accountants (AICPA) with a focus to the impact on small and medium-sized businesses. G&J Seiberlich & Co LLP works with Safe Harbor LLP to bring efficient tax and accounting services to San Francisco Bay […]

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How to Form a Business in San Francisco – Seven Tax and Accounting Tips

Filed in CPA Blog by on March 18, 2013

March 18, 2013. Businesses come in many shapes and forms. Sole proprietorships are the most common, and become “Schedule C” businesses at tax times. Corporations are great because they have many tax benefits as well as certain protections under the law. So many sole proprietors find it advantageous to organize their business as a corporation. […]

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Estate and Inheritance Tax Planning Service Bolstered by Safe Harbor LLP, San Francisco, in Light of Fiscal Cliff

Filed in CPA Blog by on December 1, 2012

November 28, 2012. San Francisco, CA. Safe Harbor CPAs, a leading San Francisco CPA firm, has bolstered its estate and inheritance tax planning services as clients worry about negative changes in the federal estate tax due to the “Fiscal Cliff” in Washington. If the US Congress doesn’t act in the current session, on January 1, […]

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