How Does a CPA Help You as a San Francisco Small Business Owner?

Filed in CPA Blog by on September 9, 2012
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September 9, 2012

A Financial Partner For Every Small Business

Owning and managing a small business is a challenge in any economic climate; even in San Francisco, a city renowned for its support of small and independent businesses, it can be a struggle for small businesses to make it through each financial year.  The obstacles that you as a business owner face are considerable, but so are the resources available to help you.  As you will see, a CPA can become your most powerful financial ally; the work your Accountant does for you can give your business real growth advantage over the long term.

  • Reach out to Safe Harbor CPAs by email for a quick free phone consult on small business and accounting needs.  Or call us at 415.742.4249.

Expert Financial Advice from a San Francisco CPA Firm

San Francisco CPA for Small Business, Explained

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A CPA Firm provides many services of particular interest to small business owners.  Any business, regardless of its size, has complex financial needs that require the attention of experienced professionals.  A certified public accountant – or CPA – is an accountant who has passed the Uniform Certified Public Accountant Examination and has met all other state-mandated education and experience requirements.  This educational background and industry certification gives a CPA the ability to counsel clients regarding matters such as:

  • Estate planning
  • Financial analysis
  • Income tax preparation
  • Management consulting
  • Corporate finance

The CPA you choose to partner with can provide many services; talk to them to learn more about what they can do for you.

The Experience You Need for Success in the Bay Area

While every certified public accountant has the same background of education and experience as mandated by the state, a practicing CPA usually chooses to focus their work on a particular type of financial services; this is why some CPAs advertise their experience in financial and estate planning while others emphasize their experience in the corporate or legal sector.

The financial service most commonly-sought by small business owners is income tax preparation.  Tax season presents small business owners with stresses unique to their particular financial situation.  A variety of factors can affect how much an individual business owner owes the government; further, the qualifications for deductions can change considerably from one year to another.  Because of the relative complexity of a small business’s tax return, owners often choose to have their taxes prepared by a CPA with relevant experience.

How Safe Harbor CPAs Can Help You

A CPA or other financial professional can help small business owners in many ways.  They can assist with record management by conducting semi-annual assessments of all your records; this condensed information will be of particular use when tax preparation begins.  A CPA can also help you plan for future business growth and answer questions regarding franchising, selling company shares, and merging with or acquiring another organization.

An Accountant can help non-profit organizations.  All non-profit organizations are required to meet strict guidelines with regards to financial transparency; if an organization’s financial records aren’t well-kept, then they are at risk of losing their tax-exempt status.  Hiring an outside financial adviser is highly advisable.  A CPA not directly affiliated with your organization will be able to centralize all financial records and will remain a professional partner for as long as you choose.

A Certified Public Accountant can be a powerful ally for any small business.  The assistance they and their firm can give to small business owners in the San Francisco area makes it possible for tax season to come and go without a hassle.

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