What records should I keep and for how long?

Keep tax returns and supporting documents for at least 3 years, or up to 7 years in some cases. Asset records should be kept for as long as you own the asset plus several years after sale.

How can I get more business deductions?

Keep detailed records, separate business and personal expenses, track mileage, use an accountable plan for reimbursements, and work with a CPA to uncover overlooked deductions.

What should I do if I receive an IRS audit notice?

Respond promptly, gather documentation, and contact a CPA to represent you. Only provide the information requested and remain cooperative throughout the process.

How do I plan for retirement from a tax perspective?

Use a mix of traditional and Roth retirement accounts, plan for required minimum distributions, and consider timing Social Security and withdrawals to minimize taxable income.

What are the tax benefits of leasing versus owning a business vehicle?

Leasing allows you to deduct the business-use portion of lease payments and avoid depreciation schedules, while owning may allow for large upfront deductions through Section 179 and bonus depreciation.

What expenses can I deduct as a small business owner?

Common deductions include office supplies, marketing costs, business travel, vehicle expenses, software, professional fees, and a home office (if used exclusively for business).

How should I structure my business for tax efficiency?

The right structure—LLC, S-Corp, or C-Corp—depends on your income, growth plans, and liability concerns. A CPA can evaluate your situation to recommend the most tax-efficient setup.

What are the benefits of hiring a CPA versus using tax software?

A CPA offers personalized advice, ensures compliance with complex tax laws, finds deductions you might miss, and can represent you before the IRS—advantages software alone cannot provide.

How can I legally minimize my tax liability?

You can legally minimize taxes by maximizing contributions to retirement accounts, claiming all eligible deductions, timing income and expenses strategically, and leveraging tax credits. A CPA can help identify opportunities specific to your situation.

What documents do I need to provide for tax preparation?

You should provide identification, prior year’s tax return, W-2s, 1099s, investment income statements, deductible expense receipts, and any IRS notices. Business owners should also include income statements, expense reports, and payroll records.

Elevate Your San Diego Business with Expert Consulting and CFO Services

2025-10-10

Sharon Gross

sharongrosscpa.com [email protected]

Posted on: 2025-10-10

Elevate Your San Diego Business with Expert Consulting and CFO Services

San Diego skyline with business buildings

In the dynamic landscape of San Diego's business world, strategic financial guidance is paramount. For business owners seeking to optimize their operations, navigate complex financial challenges, and achieve sustainable growth, Sharon Gross CPA offers comprehensive San Diego business consulting and CFO services tailored to meet their specific needs.

Are you ready to take your San Diego business to the next level? Schedule a Consultation Today and discover how our expert CFO services can transform your financial future.

Comprehensive Business Consulting for San Diego Enterprises

Sharon Gross CPA provides a wide range of business consulting services designed to address the unique challenges and opportunities faced by San Diego businesses. These services include:

Strategic Growth Planning: Developing comprehensive strategies to drive sustainable growth and maximize profitability.
Profitability Consulting: Identifying areas for improvement and implementing strategies to enhance profitability.
Cash Flow Analysis and Budgeting: Optimizing cash flow management and creating realistic budgets to ensure financial stability.
Business Process Improvement: Streamlining operations and improving efficiency to reduce costs and enhance productivity.
Financial Forecasting: Providing accurate financial projections to support informed decision-making.

With a focus on delivering tangible results, Sharon Gross CPA works closely with clients to understand their business objectives and develop customized solutions that drive success.

Expert CFO Services Tailored to Your Needs

For small to mid-sized businesses in San Diego that require CFO-level expertise but may not be ready to hire a full-time CFO, Sharon Gross CPA offers comprehensive outsourced CFO services. These services provide access to experienced financial professionals who can provide strategic guidance and support on a part-time or interim basis.

Our CFO services include:

Financial Reporting and Analysis: Preparing accurate and timely financial reports to provide insights into business performance.
Budgeting and Forecasting: Developing realistic budgets and financial forecasts to support strategic decision-making.
Cash Management: Optimizing cash flow management and ensuring adequate liquidity.
Financial Planning and Analysis: Providing in-depth financial analysis to identify opportunities for improvement and support strategic planning.
Risk Management: Identifying and mitigating financial risks to protect business assets.

By leveraging our CFO services, San Diego businesses can gain access to the expertise they need to make informed financial decisions and achieve their business goals.

Navigating the Complexities of Tax and Financial Regulations

In addition to business consulting and CFO services, Sharon Gross CPA offers comprehensive tax planning and preparation services to help San Diego businesses and individuals navigate the complexities of tax regulations. These services include:

Individual Tax Returns (Form 1040)
Partnership & Corporate Tax Filings (Forms 1065, 1120, 1120S)
Trusts & Estates (Forms 1041 & 706)
Tax Optimization & Future Year Planning
Year-End Strategies to Reduce Liability

With a deep understanding of both federal and state tax laws, Sharon Gross CPA can help clients minimize their tax liabilities and maximize their financial well-being.

IRS and State Tax Resolution Services

Dealing with the IRS or state tax agencies can be stressful and overwhelming. Sharon Gross CPA provides expert IRS and state tax resolution services to help San Diego businesses and individuals resolve tax disputes and navigate complex tax issues. These services include:

IRS Audit Representation
Installment Agreements
Back Taxes & Non-Filed Returns
Penalty Abatement Strategies

With a proven track record of success, Sharon Gross CPA can help clients achieve favorable outcomes in their tax disputes and regain control of their financial lives.

Why Choose Sharon Gross CPA?

When it comes to business consulting and CFO services in San Diego, Sharon Gross CPA stands out for several reasons:

Extensive Experience: With decades of experience in both public and private accounting, Sharon Gross CPA brings a wealth of knowledge and expertise to every engagement.
Personalized Service: We take the time to understand our clients' unique needs and develop customized solutions that meet their specific objectives.
Results-Driven Approach: We are committed to delivering tangible results that help our clients achieve their business goals.
Deep Local Knowledge: Sharon's experience as a Budget Finance Commissioner for the City of Solana Beach provides unique insight into the San Diego business environment.
White-Glove Support: We provide exceptional customer service and are always available to answer questions and provide support.

Sharon Gross CPA offers strategic tax and financial guidance to business owners, families, and future generations, encompassing proactive planning, IRS resolution, and legacy-focused solutions.

Ready to elevate your San Diego business? Contact Sharon Gross CPA today for a consultation.

Take control of your financial future. Schedule a Consultation with Sharon Gross CPA Today.

Sharon Gross CPA has over three decades of experience in individual and corporate tax planning, estate strategy, business consulting, and IRS resolution. She served as a Budget Finance Commissioner for the City of Solana Beach, overseeing multimillion-dollar municipal budgets. Her experience at firms like KPMG, working with high-net-worth individuals and closely-held businesses, further enhances her expertise.

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Sharon Gross San Diego Business Consulting and CFO Services