Business & Corporate

We offer best-in-class tax preparation for businesses and corporations. Whether you’re a C Corp, an S Corp, an LLC or even a business that is a sole proprietorship, our team of accountants can optimize your taxes to the minimum allowable by law, both in federal and California.

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Accountants Who Love Businesses & Corporations

Our accountants advise businesses and corporations of all sizes—small, medium and large—on the best tax strategies available to them, maximizing the size of business refunds and minimizing business income taxes to the Federal government, State of California, and city / county of San Francisco. Business tax preparation? Tax prep for your San Francisco corporation? Yes we can!

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Business & Corporate Tax Preparation

Running a business or corporation in San Francisco is tough enough. Nowadays, smart business and corporate managers turn to a best-in-class tax CPA firm that gets how to minimize the tax bite on businesses and corporations in high-tax San Francisco and California.

Business and Corporate Taxation

Our business tax accountants keep up with all of the many changes in the Federal, California, and San Francisco tax laws so we can get the maximum deductions allowed to your business or corporation. This means you will pay the least amount of income taxes possible. There are a number of different kinds of business structures and issues that a CPA or accountant must know very well to effectively prepare business or corporate income tax returns. Safe Harbor LLP takes pride in knowing and understanding the intricacies of today’s business structures and issues as they pertain to the following issues. In fact, we consistently are considered one of the top accounting firms for business in San Francisco. Just read our online reviews.Business Tax Accountant for corporate or business tax preparation in San Francisco, California.

We work with a wide array of corporations and businesses in San Francisco, including technology firms, legal services, and even non-profits, offering them the best tax services and tax preparation available. Our expert San Francisco CPAs focus on businesses and corporations. We have years of tax preparation experience working with different types of “business entities,” that is – S Corporations, C Corporations, LLC’s, and Partnerships of all types. Regardless of size, we can help your business minimize your tax expenditures. Our business tax service is just the beginning!

Questions and Answers on Business & Corporate Taxation

Here are some common questions and answers we get on business and corporate tax return preparation. Obviously, this is not “tax advice,” so please reach out to one of our tax advisors for a custom evaluation.

Q. How do you pay taxes when you own a business?
A. There are several ways, and it’s best to assume no matter the status, you should submit a business tax filing. That includes LLCs, S Corps, C Corps, and 501c3 businesses. Both federal and state filings can require different forms depending on the type of business you own. For instance, a sole proprietorship or small business owner must file form 6252 with the IRS and form 540 for the Franchise Tax Board. Tax form 1040 Schedule C must be included to report income gains and losses. An intelligent strategy for handling business taxes is combining the support of a professional bookkeeper and a highly-skilled Certified Public Accountant. This type of partnership can make filing business taxes a breeze. To review details for filing company taxes with the IRS, visit this link.
Q. Can I do business taxes myself?
A. Small business owners can manage their tax return preparation themselves, hire a bookkeeper / “enrolled agent,” but it’s not optimal. Reporting company income to the IRS can require careful attention to detail. California’s tax laws can change. Our business CPAs in San Francisco have dedicated a career to filing corporate income tax for both state and federal. They understand the difference between corporate tax vs. LLC and how to calculate company taxes. And if you need to report income tax adjustments, with a Form 100X, our team will evaluate the fine points to ensure receipt of a full return. Small business taxation may seem simple, but it’s wise to consult an expert tax preparer to ensure your business tax filing is thorough before submission.
Q. How can I reduce my corporate tax?
A. There are several avenues for increasing business tax advantages. It’s best to develop a plan before tax season, but our San Francisco tax advisors can help you begin any time. Common strategies for reducing corporate taxes include charitable donations or adding an employee retirement fund. Smart company tax deductions can also increase the quality of life for your employees and communities. Visit the IRS page about contributing to charity and filing a Schedule A tax form to learn more.
Q. How much in taxes should I take out for my business?
A. That’s another area where there are many factors to consider when calculating business taxes. A seasoned Bay Area CPA understands corporate tax, individual tax, vs. capital gains and all the other details around small business taxation. Monthly accounting practices can help soften the blow and possibly increase tax benefits. We might set up a monthly tax installment plan if your business is eligible. California businesses must stay on top of the ever-changing business and corporate tax rules to remain compliant. To learn more about the California Franchise Tax Board business tax requirements, visit their website.