San Francisco Business Tax Attorney + CPA
Today’s small business owners are under immense economic pressures – especially in a region like San Francisco, where countless entrepreneurs are in constant competition to make their services stand out from the crowd. In the daily rush of operating a business, it can seem impossible to find the time necessary to keep abreast of the intricate and ever-changing tax laws that affect California businesses. Allow the business tax lawyers at the Tax Law Office of David W. Klasing to manage your tax needs for you, so that you can stay focused on making your company grow.
At the Tax Law Office of David W. Klasing, we have more than 20 years of combined experience providing accounting, bookkeeping, and tax legal services to businesses throughout the San Francisco Bay Area and beyond. In addition to assisting local business owners, we also work with out-of-state and multinational entities that are headquartered or conduct business in the state of California. From formation to dissolution and at each stage in between, our San Francisco tax attorneys and CPAs are here to make doing business easier – and more cost-efficient. It not just what you make, its what you keep.
Business Tax, Bookkeeping, and Accounting Services in San Francisco, CA
Our firm provides a wide array of tax and financial planning services for C corporations, S corporations, limited liability companies (LLCs), general partnerships, limited partnerships (LPs), limited liability partnerships (LLPs), and sole proprietorships. Whether you need financial guidance on starting your own business, or you are looking to review your existing business tax strategies in light of the Tax Cuts and Jobs Act, our dedicated tax professionals are here to help your company plan effectively for the future.
Entity Selection and Formation
Our business entity selection attorneys can help you choose the right structure for your new company, based on your tax goals and financial resources. Each option offers benefits – and creates drawbacks – which we will carefully evaluate with you. For example, if you’re looking for protection from liability, you may wish to form a corporation; but if you need more flexibility, it may be wiser to choose an LLC instead. We will walk you through the short and long-term tax and liability minimization considerations you need to be aware of, so that you can start your business out “on the right foot.”
Business Succession Planning
Many successful businesses will, at some stage, require a transition of its ownership and management to the next generation. Our business succession planning attorneys can help to ensure you’re prepared with a clear and detailed exit plan long before that day arrives. Our skilled Tax CPAs and accountants make it easier to accurately compare the financial consequences of selling your business versus gifting your business to a family member. Then, we take the necessary steps to ensure that your wishes will be executed faithfully when the time comes to exit the business.
Business Contracts and Transactions
Business opportunities often seem appetizing – until the potential tax, liability and financial repercussions have been fully revealed. Our business transaction lawyers are here to protect you from inadvertently assuming unpaid tax debts or other liabilities by conducting due diligence thoroughly. If you’re on the other side of the deal, and are planning to sell your company, we will review your contract and transaction to minimize your tax burden, while also ensuring that its terms are both favorable and enforceable.
Employment, Payroll, and Income Tax Audit Defense for Businesses
Sometimes, your business is on the offense: making deals, conducting transactions, and setting the stage for growth. But at other times, you need to go on the defense: protecting yourself against allegations that your business owes unpaid taxes, interest, or penalties. If your business has been chosen for a state or federal tax audit, count on our San Francisco tax audit attorneys to help you thoroughly prepare. We will defend your rights and advocate vigorously on your behalf to minimize the amount of tax, penalties and interest you are ultimately assessed.
Small Business Tax Audit Lawyers in San Francisco (IRS, FTB, CDTFA, EDD)
There are several agencies that can conduct a tax audit in California. These agencies include:
- The Internal Revenue Service (IRS)
- The California Department of Tax and Fee Administration (CDTFA)
- The Franchise Tax Board (FTB)
- The Employment Development Department (EDD)
There are many reasons why any of these agencies could have chosen your business for a tax audit. Some common issues that trigger business audits include unfiled returns, unreported income, large cash transactions, improper worker classifications, failures to maintain records, and even doing business with other companies that have been audited.
Regardless of why your business was selected, you should contact a tax audit lawyer right away for further guidance. Skilled IRS audit representation in San Francisco can save your business money – and even more importantly, could even prevent a civil audit from becoming an IRS criminal investigation. When your audit concludes, our San Francisco state tax audit lawyers will be ready to aggressively dispute any improper tax assessments, penalties, or interest charges by means such as appeals and tax litigation.
San Francisco Business Tax Lawyers and CPAs
Whether your business is headquartered here in San Francisco, or is located thousands of miles away, rely on our corporate tax attorneys to protect your assets, reduce your tax liabilities, and bring you into compliance with U.S. tax laws and business regulations. With more than 20 years of business accounting and bookkeeping experience – and a vigilant eye on the latest U.S. tax developments – we are committed to helping your company thrive.
To arrange a reduced-rate consultation, contact the Tax Law Offices of David W. Klasing online. You can also call our San Francisco office at (415) 287-6568 or contact our main office at (800) 681-1295. Please note that in-person meetings at our San Francisco tax office must be scheduled by appointment in advance.