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.

Your Trusted CPA in San Diego: Sharon Gross, CPA

Q: 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.

2025-10-10

Sharon Gross

sharongrosscpa.com [email protected]

Posted on: 2025-10-10

Your Trusted CPA in San Diego: Sharon Gross, CPA

Sharon Gross, CPA offering tax and financial guidance in San Diego

Navigating the complexities of tax and financial planning requires a steady hand and deep expertise. For individuals, families, and businesses in San Diego, Sharon Gross, CPA, provides strategic guidance that goes beyond simple compliance. With a focus on proactive planning, IRS resolution, and legacy-focused solutions, Sharon Gross offers a comprehensive suite of services designed to secure your financial future. Ready to experience financial clarity? Schedule a Consultation today!

Comprehensive Tax and Financial Services in San Diego

Sharon Gross, CPA, offers a wide array of services tailored to meet the unique needs of her clients. Her expertise extends across various tax entities and industries, ensuring that you receive the most relevant and effective advice. Some of the key services include:

Individual Tax Returns (Form 1040): Expert preparation and filing of individual tax returns, maximizing deductions and minimizing liabilities.
Partnership & Corporate Tax Filings (Forms 1065, 1120, 1120S): Comprehensive tax services for businesses of all sizes, ensuring compliance and optimizing tax strategies.
Trusts & Estates (Forms 1041 & 706): Specialized tax planning and preparation for trusts and estates, helping you manage wealth transfer and minimize tax burdens.
IRS & State Tax Resolution Services: Assistance with IRS audits, installment agreements, back taxes, non-filed returns, and penalty abatement strategies.
Interim CFO Services & Strategic Business Consulting: CFO-level guidance for small to mid-sized businesses, including cash flow analysis, budgeting, and profitability consulting.
Tax Optimization & Future Year Planning: Proactive strategies to reduce tax liability and plan for future financial goals.

Strategic Tax Planning and Expertise You Can Trust

What sets Sharon Gross, CPA, apart is her commitment to providing strategic tax and financial guidance that you can trust. With decades of experience in both public and private accounting, Sharon brings a unique blend of government-level fiscal insight and hands-on business acumen to every client engagement.

Her experience includes:

Serving as a Budget Finance Commissioner for the City of Solana Beach, overseeing multimillion-dollar municipal budgets.
Holding key roles at firms like KPMG, where she managed complex tax preparation and advised high-net-worth individuals, partnerships, and closely held businesses.
Founding SMG Tax Accounting and Advisory Group, providing personalized financial guidance rooted in deep technical knowledge and real-world business understanding.

Serving Business Owners, Families, and Future Generations in San Diego

Sharon Gross, CPA, is dedicated to serving a diverse clientele, including:

Business Owners: Providing CFO-level guidance and strategic tax planning to help businesses thrive.
Families: Offering trusted tax support and financial advisory services to help families achieve their financial goals.
Individuals: Assisting individuals with their tax preparation and financial planning needs.
Trustees, Executors, and Estate Planners: Providing specialized tax services for trusts and estates.
Professionals & Entrepreneurs: Supporting professionals and entrepreneurs with multi-state or complex tax needs.

Addressing Common Tax Questions

Here are some frequently asked questions that Sharon Gross, CPA, can help you answer:

What documents do I need to provide for tax preparation?

You should provide identification, prior year’s tax return, W2s, 1099s, investment income statements, deductible expense receipts, and any IRS notices. Business owners should also include income statements, expense reports, and payroll records.

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 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 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 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).

Proactive Tax Planning for a Lower Burden

Tax planning is not just about filing your return; it's about strategically managing your finances to minimize your tax burden and achieve your long-term financial goals. Sharon Gross, CPA, offers proactive tax planning services that go beyond compliance, helping you identify opportunities to reduce your tax liability and maximize your wealth.

Unlock Financial Clarity with Sharon Gross, CPA

Don't navigate the complex world of taxes and finances alone. Sharon Gross, CPA, is here to provide the expert guidance and support you need to achieve financial clarity and success. Schedule a Free Consultation today to learn more about how Sharon can help you secure your financial future.

Sharon Gross brings a unique blend of public service insight and private sector expertise to her clients. For over three decades, she has expertly navigated individual and corporate tax planning, estate strategy, business consulting, and IRS resolution, all grounded in a deep understanding of both government and private finance. Her experience as a Budget Finance Commissioner for the City of Solana Beach honed her ability to manage complex financial scenarios with clarity and precision. She leverages this experience to provide invaluable insights and strategic guidance to her clients. She also held key roles at firms like KPMG, where she worked with teams managing complex tax preparation and advised high-net-worth individuals, partnerships, and closely held businesses. As the founder of SMG Tax Accounting and Advisory Group, she offers personalized financial guidance rooted in deep technical knowledge and real-world business understanding.