April, 2014 – San Francisco Tax Tips

Filed in CPA Blog by on March 30, 2014
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It’s April: the peak of tax season, at least for individuals. Hopefully your taxes have been filed, or at least all documentation has been handed over to your San Francisco tax service (such as yours truly, Safe Harbor LLP). Now it’s time to step back and review some tax and accounting issues for the ‘next’ year.

April Tax Tips - San Francisco, California

Click to DOWNLOAD our April Tax Tips

We are happy to publish our April Tax Bulletin in PDF format. You can download a copy, here. Highlights in this month’s issue include:

  • Is it time to trim stocks? The stock market, of course, has been on a roll now for several years after the Financial Crisis, but perhaps it’s time to trim stocks. What are the tax implications of buying and selling stocks?
  • Supreme Court Bolsters Beneficiary Rights. This important court case involved the widow(s) of a man who was a Federal employee and died, but without having changed his beneficiary designation. It’s a reminder to any San Francisco resident (Federal employee or not) to stay up-to-date with legal paperwork.
  • Business Owners Get More Bang from Flex Plan Bucks. New FSA (Flexible Spending Accounts) offer great benefits to small businesses to offer better health coverage and get substantial tax benefits. If you are a small business owner in San Francisco, this tax tip will be well worth the read!

April, wrote T.S Eliot:

APRIL is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.

If your taxes are filed, and you read our informative tax tips for San Francisco businesses, then we hope that April will not be your cruelest month. Enjoy!

 

 

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