As we look forward to 2015 at accountants, we recommend that high income individuals sit down and do a monthly budget, based on the principles of solid personal cash flow management.
San Francisco, CA (PRWEB) December 23, 2014
Safe Harbor LLP (http://www.safeharborcpa.com/), one of the San Francisco Bay Area’s top accounting firms, is proud to announce the public release of its January, 2015, San Francisco Tax Tips Bulletin. This month's bulletin focuses on three important issues for the new year. The first is generating a personal cash flow statement, the second is tax-free Roth Ira conversions, and the third is a plea for New Year's resolutions from business owners in the San Francisco Bay Area.
“We are very excited about 2015,” explained Chun Wong, CPA, managing partner at safe Harbor LLP. “As we look forward to 2015 at accountants, we recommend that high income individuals sit down and do a monthly budget, based on the principles of solid personal cash flow management. We also recommend that business owners sit down and make some financial New Year's resolutions.”
For more information, please visit http://www.safeharborcpa.com/?p=3651 where one can read the newsletter, put together from the perspective of some of the best accountants working in San Francisco.
Highlights of January’s San Francisco Accounting and Tax Bulletin
The January edition of Safe Harbor LLP’s tax bulletin discusses the following themes, told from the perspective of one of the best accounting firms in the San Francisco Bay area but written to be understandable to lay people. First, there is the the need to create a personal cash flow statement. A cash flow statement identifies sources of income, as well as expenses, and can highlight areas and opportunities to either increase income or reduce expenses. It is similar to a personal budget, but the newsletter explains how it is also different. Second, the beginning of a new year is a great time to look forward to retirement, and many people switched jobs at this point. In certain circumstances one can move post-tax contributions into a tax-free IRA account. And third, business owners should set aside some time to create resolutions about their bookkeeping and finances. Getting ready for taxes is a high priority, of course, as the calendar looks forward to 2015 tax deadlines.
Safe Harbor LLP has been pleasantly surprised at the popularity of its newsletter. This indicates that San Francisco bay area residents are hungry for financial and accounting information. Interested parties are also reminded that they can call or contact the firm for a no obligation pre-interview about their financial situation.
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.
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