May 17, 2012. San Francisco, CA. Safe Harbor CPAs, a leading San Francisco CPA firm, announces a renewed focus on FTB audit defense for clients throughout California and the San Francisco Bay Area. As recent California budget issues have increased the focus on tax compliance, the company has noticed an increased number of individuals and businesses inquiring about FTP audits and dispute issues over California state taxes. Therefore, Safe Harbor CPAs has adapted its profile to better serve individuals and businesses facing FTP tax inquiries.
“A letter from the Franchise Tax Board can be a scary thing for any California individual or business,” explains Chun Wong, CPA, managing partner at Safe Harbor. “But it need not be. We assist business and individual clients vis-a-vis the FTB so that they stay in legal compliance with tax responsibilities yet minimize their taxes to every extent possible. Having a professional CPA firm stand by one’s side during an FTB audit or request for information is your first step in a defense or audit situation.”
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FTB Audit and Defense Services – How the Process Works
Unfortunately, many individuals or businesses either do not file their taxes correctly or fail to respond adequately to requests for information from state and city authorities such as the Franchise Tax Board (FTB) or even city / county assessor in San Francisco. The first step in the process, therefore, is usually a letter from the FTB or other state tax authority requesting information. Second, the client may reach out to his existing tax service, CPA, accountant, or IRS enrolled agent. That firm may or may not be able to provide the kind of top quality service that Safe Harbor CPAs provides its own clients. Third, the client then reaches out via phone or email to firms such as Safe Harbor CPA that specialize in tax assistance including helping clients during an FTB audit.
At that point, every client is unique. Every tax situation is unique. As a professional yet friendly CPA firm, Safe Harbor CPA’s goal is to not only represent the client in an assertive fashion against an FTB inquiry but also to provide peace of mind. Often, the FTB requests can be easily complied with and tax liabilities minimized. It depends on each individual situation.
About Safe Harbor CPAs – a Professional CPA Firm in San Francisco
Safe Harbor CPAs 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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