A CPA's View at Working With Start-Ups in Silicon Valley

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Accounting and tax professionals will be descending upon San Francisco next week for CCH Connections: User Conference 2017. The Bay Area and neighboring counties are vibrant with businesses in the tech scene, and corresponding to that dynamic Northern California environment is a growing accounting community.

We reached out to Megan Thompson, who is the president of the Silicon Valley/San Jose Chapter of the California Society of CPAs (CalCPA), about working in the area — which is home to numerous start-ups and global tech companies such as Apple and Alphabet. She is based in San Jose at family-owned Thompson Accounting, which has been providing tax, valuation and forensic accounting services to individuals and businesses for more than 30 years.

Q.What kind of work do you do for firms in Silicon Valley? Does that involve value-added services (i.e. financial advisory)?

A. I am in a somewhat unique field in that I prepare tax returns but am also a forensic accountant specializing in family law. I do not offer financial advisory services, but I do calculate income available for support, marital standard of living, marital value of businesses, separate property interest in community assets, and several other litigation-related services.

What are the challenges in working as a CPA in Silicon Valley?

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Dominic is Deputy Editor of AccountingWEB


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