FAQs
Duffy Kruspodin is a Southern California CPA firm providing integrated tax, audit, and business advisory services to individuals and businesses. We help clients stay compliant, plan strategically, and make informed financial decisions across every stage of growth.
Our Most Frequently Asked Questions
Duffy Kruspodin is a full-service CPA and advisory firm offering tax planning and compliance, audit and assurance, client advisory services (including outsourced CFO and accounting), HR consulting, managed IT, and wealth management. We serve both businesses and high-net-worth individuals across Southern California and beyond.
Services Overview
We work with both. For individuals, our services include tax preparation, multi-state tax planning, estate and trust strategies, and wealth coordination. For businesses, we offer a full suite of financial, advisory, and compliance services tailored to your stage and sector.
Tax preparation ensures you file your return accurately and on time. Tax planning is proactive — it involves structuring your income, deductions, and investments year-round to reduce tax liability and preserve wealth. Duffy Kruspodin advisors help clients implement forward-looking strategies customized to their situation.
Our team has deep experience in construction, real estate, professional services, life sciences, arts and entertainment, manufacturing, nonprofits, and restaurants/hospitality. Industry-specific knowledge allows us to provide more targeted insights and value.
Industries Overview
These are three levels of financial statement services:
- Compilation: Assembles financial data without verification.
- Review: Provides limited assurance with analytical procedures.
- Audit: Offers the highest level of assurance with in-depth testing and validation.
These services provide financial leadership without a full-time hire. You get strategic insights, accurate reporting, budgeting support, and decision-ready data — ideal for growing businesses or owners without in-house finance teams.
Client Advisory Services Overview
Depending on your industry, you may be eligible for R&D credits, state-specific hiring credits, energy efficiency deductions, or international tax incentives. We help identify and claim credits relevant to your operations.
Tax Services Overview
Yes. We support clients with state nexus compliance, sales/use tax filings, and international tax structuring. Our team helps reduce exposure and ensure cross-border compliance for businesses and individuals.
General Tax Services Frequently Asked Questions
We offer business, individual, estate, and international tax services, including proactive planning, compliance, multi-state filings, SALT guidance, tax credit strategies, and audit representation. Our advisors work year-round to ensure compliance while identifying planning opportunities.
Any business looking to improve cash flow, reduce liability, or expand into new states or countries should implement proactive planning. We recommend starting mid-year or during structural changes (e.g., M&A, entity restructuring, leadership transitions).
Credits vary by industry and location. Common options include:
- R&D Tax Credits
- State Hiring Credits
- Energy Efficiency Incentives
- California Competes Tax Credit - We assess eligibility and help you claim applicable credits.
We provide complete SALT services, including nexus analysis, sales/use tax compliance, franchise tax filings, and audit defense. Whether you operate in two states or twenty, we help manage exposure and stay ahead of changing regulations.
Tax preparation focuses on accurate, compliant filings for the current year. Tax planning is forward-looking — identifying ways to reduce future tax burdens through timing, structuring, and strategy. We offer both.
Yes. We support wealth transfer, trust structuring, and estate tax minimization strategies tailored to family-owned businesses and high-net-worth individuals. Our coordination ensures both estate attorneys and financial advisors are aligned.
Yes. Our Tax Controversy team offers audit representation, penalty abatement assistance, and resolution strategies for IRS or state notices. We manage communication and protect your position throughout the process.
Tax Services Overview
Cross-border operations may trigger issues like double taxation, transfer pricing, and FBAR/FATCA compliance. We provide international tax planning and reporting for both businesses and individuals with global assets or operations.
We take an integrated approach, managing both business and personal tax matters for greater efficiency and strategic planning. This includes K-1 coordination, estimated taxes, charitable planning, and multi-entity alignment.
For new clients: prior-year returns, financials, ownership structure details, and any planned changes (investments, real estate, acquisitions). For existing clients, we provide a checklist to prepare for mid-year or year-end tax reviews.
Yes. We assist with entity selection, tax ID registration, chart of accounts setup, and first-year planning — ensuring your business starts on solid financial ground.
Signs include unexpected tax bills, no tax credit usage, inconsistent estimated payments, or lack of planning. A Duffy Kruspodin tax review can help identify savings opportunities and ensure your structure aligns with your goals.