Service With Substance

Making the right choices from the start

Working in this core area, we often begin at the beginning with clients, helping them with basic decisions: choosing the optimal entity structure (partnership, LLP, LLC, C-corporation, or S-corporation) and accounting method. These initial choices play a critical role in the success of tax management and planning for years to come. Once an entity is up and running, we work with our client to identify areas that might affect profits and growth and then develop technically sound solutions.

As an owner or manager, you’ll receive our best counsel on matters such as cash requirements, collection of receivables, borrowing requirements, review of deferred compensation agreements, ownership transition, and financial acquisitions. By approaching tax planning proactively, we develop projections and identify key tax planning opportunities that can minimize current and future tax liabilities.

  • Entity selection
  • Ownership structure
  • Accounting method selection
  • Document review
  • Business start-up advice
  • Tax projections for business & the owners in tandem
Seamless, highly efficient services

Many of our clients want us to prepare and frequently review financial statements for their owners, creditors, bankers, and others. Coordinating with our clients, we ensure that these engagements are managed efficiently and integrated effectively with our tax planning and compliance efforts. At Calegari & Morris, we combine our accounting and tax services in a unique way; the same experienced team members who provide tax planning also provide accounting services.

Since most of us came from “Big Four” firms, we recognize the disadvantages of separating these functions—including a lack of communication and cooperation between departments—and, likewise, the advantage of one team handling both: you receive seamless, highly efficient services from a relatively small engagement team. So unlike the clients of most large firms, you don’t end up “training” the staff. Our clients find that our thorough review and compilation procedures meet their financial reporting needs, while eliminating the expense and administrative burden of an audit.

  • Compilation and review of financial statements
  • Tax strategy and compliance
  • Budget and cash flow forecasting
  • Break-even analyses
  • Internal control systems and processes
  • Financial forecasts and projection reports
  • Pro forma financial information reports
  • Compliance with contracts and royalty agreements
Estates, Trusts & Foundations

At Calegari & Morris, we bring a wealth of collective experience to this strong practice area, providing broad expertise and sophisticated advice to estate, gift, and trust tax planning and compliance. Our expert team prepares tax returns, distributes estate assets, handles fiduciary accounting and related issues, compiles trust accounting reports, and assists in the selection of qualifying fund assets. We also coordinate IRS estate and gift tax audits. Working in tandem with attorneys, executors/trustees, and other advisors, our goal is to speedily resolve estate planning and gifting issues that affect our clients.


Calegari & Morris has extensive experience in providing tax planning and compliance services to private foundations. As part of this service, we often assist clients in determining, in light of the family’s estate plan, whether establishing a private foundation is the wisest option. In addition, we assist foundation managers with charitable distribution planning, ensuring that the foundation meets its minimum distribution requirements and minimizes excise tax.

  • Charitable remainder trusts (CRTS)
  • Grantor retained annuity trusts (GRATS)
  • Qualified personal residence trusts (QPRTS)
  • Intentionally defective irrevocable trusts (IDITs)
  • Internal control systems and processes
  • Family limited partnerships (FLPs)
  • Private annuities
  • Installment sales

Calegari & Morris is familiar with every stage of business. Our seasoned professionals can guide you through the purchase or sale of a business, addressing issues such as cash flow analysis and tax considerations. The team here can also help design and review buy/sell agreements as well as compensation and benefit packages, for owners and employees, including retirement planning and partnership agreements.

We’re aware of the importance of having a comprehensive succession plan and will work with you to thoroughly address the complex issues of business transition. What makes us so qualified? Over 70 years of successfully handling the unique issue of transition for closely held and family-owned businesses. Often now, we’re working with third-generation owners!

  • Asset sales
  • Stock sales
  • Part sale, part gift
  • Cash flow projections
  • Internal control systems and processes
  • Tax planning & projections
  • Document review
Anticipating generations of success

Calegari & Morris’s forward-looking, hands-on personal tax planning and compliance practice is highly regarded in the San Francisco Bay Area. Our proactive, interactive team takes expert care of individuals, family groups, high net-worth individuals, the owners of closely held businesses, as well as younger individuals anticipating success. We’re good listeners, good analyzers, and good thinkers, and we put our depth and breadth of experience to work from the first meeting on. We’re also a firm where people stay for many years, so there’s always a team member who’s familiar with you and your family.

In addition to our keen expertise, you’ll have access to a network of professionals, including attorneys, investment managers and retirement experts that we’ll recommend depending on your specific needs and the complexity of your situation. By collaborating with these experts, we’re able to ensure that you receive the best guidance available. Independent and objective, we don’t receive any fees or commissions for our recommendations, only the satisfaction of seeing you achieve your financial goals.

  • Quarterly and annual income tax planning
  • Retirement contributions and distributions
  • Employee stock option analyses
  • Alternative minimum tax planning
  • Acceleration or deferral of income
  • Internal control systems and processes
  • Cash flow analyses
  • Tax-deferred exchanges
  • Charitable donation planning
  • Life insurance reviews
“We earn our fees long before year end by proactively planning with our clients.”
— Greg Calegari
“It’s simple, increasing our client’s net worth increases ours.”
— George Morris
Leveraging the best ideas in business

Bay Area companies in commercial industries have been highly valued by our firm since our founding in 1932. We know that the business environment of these industries reflects the economy of the Greater San Francisco Area as a whole. Today, we take care of the accounting needs of numerous commercial businesses, most of whom are mid-sized and privately owned with revenues ranging from $3 million to $50 million or more.

We apply the expertise gained in all our practice areas to help you meet your goals. Because the commercial industries represent such a broad cross-section of the economy, we are always learning and constantly gaining new understandings of the best business practices. We share these ideas with our clients in other industries, leveraging them in innovative ways. Our goal is to be your key business advisor, providing proactive solutions to help you gain and maintain a competitive edge in your industry.


Agribusiness, Auto parts wholesalers, Beverage distributors, Construction contractors, Distributors, Electrical contractors, Furniture design, Growers, Health and beauty products, Hotels, Investment bankers, Manufacturing companies, Masonry/Plastering contractors, Moving and storage, Reinsurance groups, Restaurants, Retailers, Trucking, Wholesale florist, Wholesalers and Vineyards.

  • Tax planning and compliance
  • Advice regarding capitalizing on cash basis accounting and on maintaining the eligibility to use it
  • Choice of entity
  • Deferred compensation
  • Ownership transition planning and shareholder agreements
  • Internal control systems and processes
  • Retirement plans
  • Extensive contacts to recommend attorneys, banks, insurance agents-everything you need to get started or accelerate to the next level of performance
  • Bank and lease financing
  • Percentage of completion contract accounting method
Securing creative freedom and financial independence

As a native San Francisco firm, we’re proud that one of the categories we serve most is one for which our city is most known: creative businesses who offer products and services that lead their industries in innovation. With more relevant experience than any other accounting firm in the city, the professional accountants at Calegari & Morris help our creative clients stay ahead of the rest of their industry.

Using proactive solutions and collaboration with a team of financial and business advisors, we’ll help you increase revenues and achieve your personal and business goals. We often recommend and work closely with the city’s best attorneys, consultants, bankers, pension administrators, real estate brokers, and other key advisors. Because our team understands the challenges of using creative talent to generate revenue, we excel at putting our formidable talents to work for you.


Advertising, Architecture, Artists, Design, Engineering, Environmental, Film labs, Geotechnical, Graphic design, Industrial design, Interior design, Magazine publishers, Photographers, Special effects producers, Structural and Web design

  • Tax planning to minimize federal, state and local taxes
  • Budgeting and cash flow management
  • Entity choice selection
  • Non-qualified deferred compensation plans
  • Banking relationships and financing options
  • Internal control systems and processes
  • Qualified retirement plan reviews and implementation
  • Management incentive plans
  • Ownership transition planning
  • San Francisco Business Tax consultation
Up-to-the-minute tax and business strategies

We’re pleased to offer fellow San Francisco professionals tax planning, consulting, and compliance services. Our goal is to be your key business advisor, and in this capacity we’ll provide you with proactive accounting, tax services, tax research, planning, and insightful advice that will help you limit your tax liabilities and increase your revenues.

You’ll receive our best counsel on matters such as cash requirements, collection of receivables, borrowing requirements, review of deferred compensation agreements, ownership transition, and financial acquisitions. By approaching tax planning proactively, we develop projections and identify key tax planning opportunities that can minimize current and future tax liabilities.


Clinics, Doctors, Economic consultants, Financial consulting, Law firms, Medical groups, Regulated industry consultants and Third party administrators

  • Tax planning to minimize federal, state and local taxes
  • Compensation planning for owners
  • Assistance with hiring key financial staff
  • Qualified retirement plan reviews and implementation
  • Optimization of estimated tax payment strategies
  • Internal control systems and processes
  • Lease structuring to avoid phantom income
  • Ownership transition planning
  • San Francisco Business Tax consultation
Creative strategies to reduce taxes and improve cash flow

Our real estate specialists employ years of experience in assisting clients with complex transactions involving development, investment, acquisition and disposition. Our clients benefit from proactive solutions that help them maintain investor confidence and stay ahead of the competition. We tailor our services to support developers, syndicators, property owners and managers with creative strategies that reduce taxes and improve cash flow.

Specifically our experience ranges from family groups, including those with family limited partnerships and/or a multiple trust structure, who wish to maintain their portfolios, or who wish to do lifetime gifting – to investors diversifying their holdings – to developers divesting of their business holdings. Whether buying, selling or exchanging, we offer expertise in deal structure, multi-state taxation, as well as property tax and transfer tax rules. At Calegari & Morris, we strive to be your key business advisor, providing proactive planning and outside-the-box solutions.


Family groups, family limited partnerships, Developers, Holding companies, Owner/operators, and Syndicators

  • Like-kind exchanges: Planning and implementation of Sec. 1031 transactions including reverse exchanges and multi-party exchanges
  • Tax planning for acquisitions, developments, construction projects, and dispositions
  • Estate planning, family-owned real estate enterprises including family limited partnerships
  • Choice of entity for ownership of real estate
  • Family limited partnerships
  • Internal control systems and processes
  • Tenancy-in-common ownership arrangement

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