16Nov 2020 by Pat Geddie
Will Taxes Increase in 2021?

Will Taxes Increase in 2021?

Tax Law
Even with votes still being recounted, it seems likely that the Biden administration will take over the White House in January. Many Americans wonder what this will mean for their taxes in 2021. First, the good news is that tax liability you might face this coming spring is based on your 2020 financial picture and 2020 tax laws, so even if the laws significantly changed, you would not see major changes in your liability until tax season 2022. However, if potential changes in tax laws under the new administration might impact you, it is important to plan ahead to limit your future liability as much as possible. Potential Changes Whether or not new complicated tax legislation will pass through Congress and the White House next year remains to be seen.…
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12Mar 2019 by Pat Geddie
Should You Hire an Attorney for Your Business Tax Preparation in 2019?

Should You Hire an Attorney for Your Business Tax Preparation in 2019?

Uncategorized
While many tax lawyers in San Francisco can help address issues that arise after you file taxes, few will help with the actual preparation and filing of business taxes, often because most tax lawyers are not accountants. When they do, it is often at a premium cost. At SF Tax Counsel, however, we offer the services of Certified Public Accountants (CPAs) and Enrolled Agents (EAs) - and we do so at a reasonable cost for your business. We regularly handle the following for business owners: Partnership returnsCorporate returnsInternational business taxes The question that many owners have is - do you really need the assistance of a tax law firm come tax season in 2019? Business taxes are always complicated, as you want to minimize your tax liability as much as…
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