Michael Fitzsimmons CPA

San Diego, CA

(619) 757-1500     info@fitz-cpa.com

Business

Owning a business presents many tax savings opportunities. A good business accounting system supports money-saving tax strategies, good management decisions, and accurate financial statements. As a San Diego business CPA, my tax and accounting services include:

Business Tax Returns

As a San Diego business tax return preparer, I assist San Diego businesses with both income tax returns and other tax returns.

Business Tax Consulting

Keep More of What You Earn.

Structure and Run Your Business to Minimize Taxes

As a San Diego business tax consultant, my approach is:

  • Develop alternatives, both traditional and nontraditional
  • Determine how the tax law applies
  • Consider non-tax aspects (don't let the tail wag the dog)
  • Quantify the likely results of alternatives
  • Gray areas: be confident and practical, neither reckless nor fearful
  • Final decision: is up to the client

Subject Areas for tax consulting for San Diego businesses include:

  • New Business Consulting
  • Comparison of Business Entities (i.e., LLC vs. S-Corporation)
  • Business Purchase or Sale
  • Tax Projections
  • Quarterly Estimated Tax Payments
  • Year-End Tax Planning
  • Alternative Minimum Tax
  • State Income Taxes / Multistate Business
  • Retirement Savings / Qualified Deferred Compensation
  • Self-Employed, 1099-MISC, Independent Contractor vs. Employee
  • Social Security & Medicare Tax / FICA / Self-Employment Tax
  • Automobile Deductions
  • Lease vs. Buy
  • Travel Deductions
  • Meals & Entertainment
  • Per Diem
  • Fringe Benefits
  • Listed Property / § 274
  • Research Credit

Taxpayer Representation

As part of my tax practice, I assist San Diego businesses also in these areas:

  • Audits
  • IRS & State Tax Notices
  • Installment Agreements
  • Offer In Compromise

Accounting / QuickBooks Consulting

As a San Diego business accountant, I have set up and tuned up QuickBooks accounting systems for many San Diego businesses, and I use QuickBooks in my own business. I focus on setting up an accounting system that is easy to use, supports good business decision-making, and supports the tax strategies that benefit the business and its owners. Additional services include accounting policies to further ensure proper recording of transactions and strengthen the business’ position on its chosen tax strategies.

Many business clients appreciate a quarterly check of the books, which often includes a reasonableness check of account balances; reconciliation of books to payroll tax returns, loan statements / amortization schedules; asset capitalization; and transactions with owners.

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I am a fee-only professional compensated on an hourly or project-fee basis. I maintain my independence and objectivity by refusing to sell insurance, annuities, mutual funds, or software –
I do not earn commissions.