As a local CPA firm, we love the entrepreneurial spirit of San Francisco business owners. If the dream is to start a new company, even in turbulent times like these, there’s no stopping a passionate trailblazer. And we are here to help them build a secure financial foundation.
When beginning a start-up business, there is much to consider: leasing space, hiring staff, and managing inventory and costs. And, of course, staying on top of the business taxes. Usually, new business owners try and do much of the work themselves until they can afford to hire a professional. That’s not such a great idea though, instead of saving money, it can create unwanted financial losses. Missed deductions and claims are not the right way to launch a successful business.
A Top CPA Handles Detailed Tax Filings While You Build a Business
Many new business owners are wise enough hire a bookkeeping expert to handle the daily financials. That’s a good start but there are details that require some extra support. In-house accountants need professional oversight, especially when it’s time to file business taxes. Not all bookkeepers have the same background, and most do not specialize in business tax “deep dives.” This means you could miss out on vital deductions that maximize tax savings and minimize tax returns. For instance, are you eligible for bonus depreciation? What about employee retention credits or various business-related tax breaks? Every penny counts when you are trying to focus on building a new, innovative business.
Take a look at the Safe Harbor CPA 2023 Tax Planning Guide to review tax details; https://www.webtaxguide.net/SafeHarbor/TaxPlanning/index.html.
As one of the top entrepreneurial CPA firms in the Bay Area, we ‘get’ your trailblazing spirit. Our tax experts are here to help you optimize your tax strategies while you get your business off the ground. Our expert team of Certified Public Accountants handles yearly business tax filings plus other valuable services such as tax advice, amended taxes, and international accounts (FBAR). If you’re ready to grow and need a new bank loan, Safe Harbor CPA will also get your audited financials in order.
Leave the financials to us and get focused on growing your business!
