Race Street Tax Svc & Bkpg
Bookkeeping in San Jose, CA

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About Us
read moreRace Street Tax & Bookkeeping Service was founded in 1976. We have continuously provided excellent service to hundreds of small businesses in the Bay Area. Our long-term clients are like family to our team. As a strong small business with a great track record, we are able to provide the individual attention our clients need and deserve. These services include bookkeeping and income tax preparation.
Race Street Tax Service
read moreRace Street Tax Service provides a wide range of services to individuals and businesses in a variety of industries. At Race Street Tax Service, 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 Race Street Tax Service, 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.
Race Street Tax Service
read moreThe first step is to figure out a realistic financial goal for yourself and your family. Talk with your loved ones to ensure that everyone has the same goals in mind. Clearly not all families will have the same end goal - figure out what is important to you, whether it is early retirement, financial comfort, children's education, travel, taking care of elders, or your children. Someone starting their savings in their early 20s can save 10% of their income and have a sufficient nest egg, while someone starting in their 40s may have to bump that number up more towards 20%.
Race Street Tax Service
read moreIf you have a large capital gain this year from an investment, it may be advisable to hold onto the investment until next year to put the gain into next year's taxes. You may also want to sell off any investments that you have that are losing value at the moment to claim your losses. The interest gained from state and local bonds is usually exempt from federal income taxes. These investments generally pay back at a lower interest rate than commercial bonds of similar quality. Since Treasury Bonds are similarly exempt from state and local income tax, they can be a particularly good investment for those who are in high tax brackets and live in high-income-tax states.