CPA Firm Servicing California
Launch CPA was founded in San Diego, California. We’ve now grown to service businesses in major hubs throughout California, including San Francisco and Los Angeles. We base our work on the principle that companies, both big and small, want to succeed. However, one of the many challenges companies face is correctly setting up their business finances and processes in order to avoid bigger issues in the future. That’s precisely where Launch CPA can help.
Frequently Asked Questions
Aside from income tax, there are also annual state and local business/tax filings. For example, California requires a statement of information to be filed annually (if your business is filed as a corporation) and biennial (if your business is filed as a LLC/partnership). The City of San Diego requires an annual business/tax license filing/renewal while the cities of San Francisco and Los Angeles have gross receipt tax filings.
Even if you’re organized or incorporated in Delaware, you are not required to file a corporate or partnership tax return in that state if you aren’t physically located in Delaware. However, there is a separate “Franchise Tax Report” filing due annually on March 1st.
At Launch CPA, we advise our clients on incorporating when the business has established a reliable business model with consistent revenue and an increased position of risk.
Yes, you are required to file business tax returns despite having little or no activity.
Generally, tax deadlines are as follows:
Individuals
April 15th for calendar year filers. For fiscal year individuals, the 15th day of the fourth month following the close of the tax year.
Estates and Trusts
April 15th for calendar year filers. For fiscal year estates and trusts, the 15th day of the fourth month following the close of the tax year.
Partnerships and S-Corporations
March 15th for calendar year filers. For fiscal year partnership and S-Corporations, the 15th day of the third month following the close of the tax year.
C-Corporations
April 15th for calendar year filers. For fiscal year C-Corporations, the 15th day of the third month following the close of the tax year.
If the due date falls on a Saturday, Sunday, or legal holiday, the due date is on the next business day.
Most taxpayers need to file extensions because they’re waiting for additional tax documents, are unable due to an emergency or illness, or just don’t have the time to gather all the tax documents and prepare the tax return.
A six-month extension is granted when one is requested by the original due date on either Form 4868, Automatic Extension of Time to File U.S. Individual Tax Return or Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns.
It is worth mentioning that an extension to file your tax returns is not an extension to pay the taxes due. The extended due dates are as follows for calendar year filers:
Individuals
October 15th
Estates and Trusts
October 15th
Partnerships and S-Corporations
September 15th
C-Corporations
October 15th
Some states automatically follow the federal extension.
However, there are some states that require you to file a separate state extension.
In order to calculate the extension payment, the return will need to be completed with as much information available at the time. For any missing tax files, use estimates. It’s better than excluding the information altogether.
SERVICES
Financial Consulting
Growing businesses often reach a point where they need professional financial advice.
Tax Preparation
Preparing your own income tax return can be a task that leaves you with more questions than answers.
Bookkeeping
All businesses need some sort of organization to prepare for year-end and tax filings. We can help!
PRICING
Tax Preparation
- Startups
- Sole Proprietors & Freelancers
- Partnerships, LLC, S-Corps, C-Corps
Starting at $300+
Bookkeeping
- Dedicated Finance Expert
- Cash Basis
- Accrual Basis
- Enterprise Solutions
Starting at $500+
PARTNERS
*Launch CPA LLP may receive a small commission from our partners/affiliates.
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OUR CLIENTS SAY
Read all of our 5-star reviews on Google, Yelp, and ThumbtackTax Preparation
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ABOUT US
Launch CPA was founded in San Diego, California. We’ve now grown to service businesses in major hubs throughout California, including San Francisco and Los Angeles. We base our work on the principle that companies, both big and small, want to succeed. However, one of the many challenges companies face is correctly setting up their business finances and processes in order to avoid bigger issues in the future. That’s precisely where Launch CPA can help.
“Let me handle your individual or business financial activities so you can focus on launching your business to the next level.”
– Bryant Park, CPA
MEET ThE TEAM
Bryant Park
CPA | Managing Partner
San Diego
Bryant brings over 12 years of experience in accounting and operations experience to his CPA firm.
Prior to his return to the private sector, he was an Assistant Manager at the County of San Diego, overseeing a department of 33 people. In addition to being the Managing Partner, he also has extensive project responsibilities that include new business development, client relations and coordination of financial reviews. He has over 12 years of accounting experience including but not limited to the operations, audit and financial analysis of both public and private companies across the United States.
