Harry K. Jeung, CPA is a full-service CPA accounting firm serving clients throughout the San Francisco Bay Area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. Our certified public accountants guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities and maximize your cash flow.
We offer accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments and employee benefit and profit-sharing plans. We offer objective analysis to assist in controlling costs, increasing efficiency and implementing new technologies and procedures that take advantage of changes in the marketplace.
We can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. Our experience with tax authorities enables us to offer professional representation during an audit & guide our clients in their dealings with federal and state agencies.
We offer accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments and employee benefit and profit-sharing plans. We offer objective analysis to assist in controlling costs, increasing efficiency and implementing new technologies and procedures that take advantage of changes in the marketplace.
We can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business. Our experience with tax authorities enables us to offer professional representation during an audit & guide our clients in their dealings with federal and state agencies.
Services
We provide services to clients in San Francisco Bay Area including San Francisco, Belmont, Berkeley, Burlingame, Cupertino, Daly City, Fremont, Hayward, Los Gatos, Oakland, Santa Cruz, South San Francisco, San Jose, Santa Clara, Sunnyvale, Atherton, Belmont, Burlingame, Colma, Cupertino, Daly City, Foster City, Half Moon Bay, Hillsborough, Los Altos, Menlo Park, Millbrae, Mountain View, Palo Alto, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, and Woodside.
Harry Jeung, CPA provides a wide range of services to individuals and businesses in a variety of industries.
We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Harry Jeung, CPA, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Harry Jeung, CPA, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws.
Corporations - Deposit the fourth installment of estimated income tax for the current year.
A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
Individuals - Make a payment of your estimated tax for this year if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way).
Use Form 1040-ES.
This is the final installment date for this year's estimated tax.
All Businesses - File information returns (Form 1099) for certain payments you made during previous year.
A worksheet, Form 1120-W, is available to help you estimate your tax for the year.
Individuals - Make a payment of your estimated tax for this year if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way).
Use Form 1040-ES.
This is the final installment date for this year's estimated tax.
All Businesses - File information returns (Form 1099) for certain payments you made during previous year.
The tax code provides a variety of tax incentives for families who are paying higher education costs or are repaying student loans.
You may be able to claim an American Opportunity Credit (formerly called the Hope Credit) or Lifetime Learning Credit for the qualified tuition and related expenses of the students in your family (i.e.
You may be able to deduct interest you pay on a qualified student loan.
The deduction is claimed as an adjustment to income so you do not have to itemize your deductions on Schedule A Form 1040.
You may be able to claim an American Opportunity Credit (formerly called the Hope Credit) or Lifetime Learning Credit for the qualified tuition and related expenses of the students in your family (i.e.
You may be able to deduct interest you pay on a qualified student loan.
The deduction is claimed as an adjustment to income so you do not have to itemize your deductions on Schedule A Form 1040.
But what should be done with those documents after your check or refund request is in the mail?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit.
Federal law requires you to maintain copies of your tax returns and supporting documents for three years.
This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit.
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