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.

Strategic Tax and Financial Guidance with Sharon Gross CPA

2025-10-23

Sharon Gross

sharongrosscpa.com [email protected]

Posted on: 2025-10-23

Strategic Tax and Financial Guidance with Sharon Gross CPA

Sharon Gross CPA offering tax and financial services

Navigating the complexities of tax laws and financial planning can be daunting. Whether you're a business owner, a family managing generational wealth, or an individual seeking sound financial advice, having a trusted CPA is essential. Sharon Gross CPA offers strategic tax and financial guidance tailored to your specific needs in the San Diego area. Call today for a consultation.

Comprehensive Tax Services for Individuals and Businesses

Sharon Gross CPA provides a full spectrum of tax services, ensuring compliance and maximizing your financial benefits. Her expertise extends to:

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

Understanding the intricacies of each tax entity and industry is crucial for effective tax planning. Sharon Gross CPA offers white-glove support with clear communication and attention to detail, ensuring you receive forward-thinking strategies that go beyond mere compliance.

Expert Tax Solutions and IRS Resolution

Beyond traditional tax preparation, Sharon Gross CPA offers expert solutions to complex tax issues, including:

Investigative Financial Analysis
Strategic Tax Planning & Research
Financial Projections and Planning
IRS & State Tax Resolution Services
IRS Audit Representation
Installment Agreements
Back Taxes & Non-Filed Returns
Penalty Abatement Strategies

Dealing with the IRS can be stressful. Sharon Gross CPA provides trusted representation and guidance to navigate audits, negotiate installment agreements, and resolve back taxes and penalties. Her goal is to secure your financial future by addressing tax issues proactively and effectively.

Strategic Financial Guidance for Business Owners

For business owners, Sharon Gross CPA offers CFO-level guidance to optimize cash flow, profitability, and strategic growth. Her services include:

Interim CFO & Controller Services
Cash Flow Analysis & Budgeting
Profitability Consulting
Strategic Growth Planning

With a strong background in private business consulting, Sharon Gross CPA understands the challenges business owners face. She provides hands-on, results-driven support to help you make informed financial decisions and achieve your business goals.

Serving Families and Future Generations

Sharon Gross CPA extends her expertise to families and future generations, offering guidance on wealth transfer, estate planning, and financial education. She helps families navigate complex financial scenarios with clarity and precision, ensuring long-term financial security.

A Unique Blend of Public Service and Private Sector Expertise

Sharon Gross CPA brings a unique perspective to her clients, combining public service insight with private sector expertise. Her experience 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. This government-level fiscal insight, coupled with her hands-on business acumen developed at firms like KPMG and as the founder of SMG Tax Accounting and Advisory Group, makes her a uniquely qualified advisor.

Strategic Tax & Financial Guidance You Can Trust

Clients who work with Sharon Gross CPA benefit from her deep understanding of both public governance and private enterprise. Her ability to bridge these two worlds makes her an invaluable advisor for those seeking clarity, confidence, and long-term success in their financial journey. She serves clients in various cities including San Diego, Solana Beach, Del Mar, and beyond.

Latest News and Insights

Stay informed with the latest tax tips and financial strategies from Sharon Gross CPA:

Ready to Unlock Financial Clarity?

Schedule a free consultation with Sharon Gross CPA to discuss your tax and financial needs. Benefit from expert insights and strategies tailored to your unique situation. Don't wait â€“ take control of your financial future today!

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With decades of experience, Sharon Gross CPA provides strategic tax and financial guidance to business owners, families, and future generations. Her proactive planning, IRS resolution expertise, and legacy-focused solutions ensure clients receive the expert advice they need to navigate their entire financial ecosystem.

Sharon Gross is a Certified Public Accountant with extensive experience in both public and private accounting. As a former Budget Finance Commissioner and with experience at KPMG, she brings a unique blend of government-level fiscal insight and hands-on business acumen to her clients. Her expertise and commitment to client success make her a trusted advisor in the San Diego area.