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).

Navigating Your Financial Future with Sharon Gross CPA in Solana Beach

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.

Q: 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.

2025-10-23

Sharon Gross

sharongrosscpa.com [email protected]

Posted on: 2025-10-23

Navigating Your Financial Future with Sharon Gross CPA in Solana Beach

In the vibrant community of Solana Beach, securing your financial well-being requires a trusted partner. Sharon Gross CPA offers strategic tax and financial guidance tailored to business owners, families, and future generations. Are you ready to proactively plan, resolve IRS issues, and build a lasting legacy? Schedule a consultation today and discover how Sharon's expertise can benefit you.

Comprehensive Tax and Financial Services

Sharon Gross CPA provides a full spectrum of services, encompassing everything from individual and business tax preparation to expert tax solutions. Her decades of experience in both public and private accounting ensures that clients receive the expertise needed to navigate their entire financial ecosystem.

Tax Preparation & Strategic Planning: Individual tax returns (Form 1040), Partnership & Corporate Tax Filings (Forms 1065, 1120, 1120S), Trusts & Estates (Forms 1041 & 706).
Expert Tax Solutions: Investigative financial analysis, strategic tax planning & research, and financial projections and planning.
IRS & State Tax Resolution Services: IRS audit representation, installment agreements, back taxes & non-filed returns, and penalty abatement strategies.
Interim CFO Services & Strategic Business Consulting: Cash flow analysis & budgeting, profitability consulting, and strategic growth planning.

Strategic Tax Guidance You Can Trust

With a strong background in both private business consulting and government financial oversight, Sharon Gross CPA offers insights and solutions that evolve with your needs. From navigating IRS issues to mentoring your young adult children on smart financial habits, she provides comprehensive tax and financial advisory services that support your entire financial ecosystem.

Expertise Across Tax Entities & Industries

Sharon Gross CPA's expertise extends across various tax entities and industries, providing tailored solutions for:

Individuals & Families seeking trustworthy tax support
Small to Mid-Sized Businesses in need of CFO-level guidance
Trustees, Executors, and Estate Planners
Professionals & Entrepreneurs with multi-state or complex tax needs

White-Glove Support with Clear Communication

Clients can expect white-glove support, clear communication, and attention to detail. Sharon Gross CPA's forward-thinking strategies go beyond compliance, ensuring clients receive the expertise needed to navigate their entire financial ecosystem.

From City Hall to Your Financial Plan

Sharon Gross CPA 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.

Public Service Insight

Sharon's public service as a Budget Finance Commissioner for the City of Solana Beach, where she oversaw multimillion-dollar municipal budgets, honed her ability to manage complex financial scenarios with clarity and precision. She now leverages this experience to provide invaluable insights and strategic guidance to her clients.

Private Sector Expertise

Sharon has 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.

Navigating Real Estate Tax Planning in San Diego

Real estate investments can be a cornerstone of wealth building, but they also come with complex tax implications. Sharon Gross CPA can help you navigate these complexities, ensuring you maximize your returns while staying compliant with all applicable regulations. From depreciation to capital gains, she provides expert guidance tailored to your specific situation.

Interim CFO Services for Strategic Business Growth

For small to mid-sized businesses in Solana Beach, having access to CFO-level expertise can be a game-changer. Sharon Gross CPA offers interim CFO services, providing strategic business consulting, cash flow analysis, budgeting, profitability consulting, and strategic growth planning. This allows businesses to make informed decisions and achieve their financial goals.

IRS and State Tax Resolution

Dealing with the IRS or state tax agencies can be stressful and overwhelming. Sharon Gross CPA provides IRS and State Tax Resolution Services, including IRS audit representation, installment agreements, back taxes & non-filed returns, and penalty abatement strategies. She will work diligently to resolve your tax issues and provide you with peace of mind.

Frequently Asked Questions

What documents do I need to provide for tax preparation?

You should provide identification, prior yearâ€™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 IRSâ€”advantages software alone cannot provide.

How should I structure my business for tax efficiency?

The right structureâ€”LLC, S Corp, C Corpâ€”depends on your income, growth plans, and liability concerns. A consultation with a CPA can help determine the optimal structure for your business.

Ready to take control of your financial future in Solana Beach?

Contact Sharon Gross CPA today for strategic tax and financial guidance tailored to your needs. Let's build a secure and prosperous future together.

Schedule a Free Consultation

Sharon Gross CPA brings decades of experience in both public and private accounting to her clients in Solana Beach. Her unique blend of government-level fiscal insight and hands-on business acumen makes her a uniquely qualified advisor for individuals, families, and businesses seeking clarity, confidence, and long-term success in their financial journey. She is committed to providing expert tax and financial services that empower her clients to achieve their goals.