The San Franciso Bay Area is a hotbed of startup businesses.
San Francisco, CA (PRWEB) July 30, 2012
Safe Harbor CPAs, a leading San Francisco CPA firm for Startups, announces a new program to help startup businesses in San Francisco get assistance with business formation, tax, and other CPA firm needs. As San Francisco has grown as a center of entrepreneurial business activity, the firm has seen its practice grow vis-a-vis startups and other forms of venture-backed business activity.
“The San Franciso Bay Area is a hotbed of startup businesses,” commented Chun Wong, CPA, managing partner at Safe Harbor. “Many startup business clients come to Safe Harbor seeking advice on business formation, stock options for employees, incorporation issues, and tax issues regarding business investment and start up costs. We are programmatically addressing the needs of San Francisco startup businesses.”
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Why Startup Businesses Need Expert CPA Firm Advice
According to a recent study published in the Wall Street Journal, many start-ups pay little heed to the need for good financial advice. Safe Harbor CPAs is a firm keen to help small businesses of all types – whether those are small Mom & Pop businesses, or whether those are true start-ups that hope to grow into the next Google, Facebook, Groupon, LinkedIn, Twitter or other business.
A Program to Help Startup Businesses with their CPA Needs
Safeharbor CPAs helps startup’s at every step of the way. First and foremost, a CPA firm can help with the in’s and out’s of business organization. Most businesses that intend to grow big will be organized as “C Corporations” and probably incorporated in a state such as Delaware or Nevada that is business-friendly. A CPA Firm and a professional CPA can help review not just the big picture of a “C Corporation” but all the t’s that need to be crossed and i’s that need to be dotted in terms of business organization. Second, there are tax implications down the road. Many start-ups compensate their employees with stock options, and stock options can create all sorts of perverse tax problems down the road. A trained CPA firm that understands business here in the San Francisco Bay Area can advise on how best to deal with employee stock options. Finally, bookkeeping, accounting, and tax compliance are all the not-so-fun issues that start-ups need to do right, at the beginning, rather than wrong, at the end.
About Safe Harbor CPAs – a Professional CPA Firm in San Francisco
Safe Harbor CPAs specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service.
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