Looming tax reform creates year end tax planning challenges

By | 2017-10-26T18:45:12+00:00 October 26th, 2017|News|

As the end of 2017 approaches, the prospect of dramatic tax reform could mean year end tax planning challenges for businesses. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses and changes to a variety of business [...]

An overview of the GOP’s proposed tax reform plan

By | 2017-10-03T23:17:42+00:00 October 3rd, 2017|News|

Last Thursday, President Trump and Senate Republicans turned their attention to tax reform by releasing an outline of their long-awaited tax reform plan. The nine-page “Unified Framework for Fixing Our Broken Tax Code” is intended to serve as a template for the congressional committees to draft legislation to cut tax rates, simplify the tax code [...]

Gumbiner Savett Inc. Releases New Video Content

By | 2017-08-31T19:31:53+00:00 August 31st, 2017|News|

Santa Monica, CA – August 30, 2017 — Gumbiner Savett Inc., an accounting firm based in Santa Monica, has released new accounting video content that provides an overview of the firm’s philosophy and experience in audit and tax, real estate, venture backed companies and Silicon Beach startup and growth-oriented companies. The videos can be found [...]

Gumbiner Savett Inc. Announces July 2017 Promotions

By | 2017-07-31T19:45:29+00:00 July 31st, 2017|News|

Gumbiner Savett Inc. is pleased to announce the promotion of six employees to the next step in their career including Karla Chavez Luna, CPA, MST, a senior tax manager to a principal of the firm effective July 1, 2017. Other July 2017 promotions included those of Tara Wilson, CPA, promoted to senior tax manager; Joseph [...]

Accounting News: FASB Issued Proposal for Consolidation of Variable Interest Entities

By | 2017-07-25T00:25:38+00:00 July 25th, 2017|News|

On June 22, 2017 FASB proposed an Accounting Standards Update (ASU) to simplify and improve financial reporting associated with consolidation of variable interest entities (VIEs) for private companies. Concerns: Private company stakeholders, Private Company Council (PCC), continue to express difficulty in applying VIE guidance to common control arrangements and requested that FASB address certain areas [...]

Trump Administration’s 2017 Tax Reform Outline – A Wolters Kluwer Tax Briefing

By | 2017-06-01T17:17:26+00:00 May 5th, 2017|News|

From the briefing: "President Trump has unveiled a tax reform outline- the "2017 Tax Reform for Economic Growth and American Jobs". The outline calls for dramatic tax cuts and simplification: lower individual tax rates under a three-bracket structure, doubling the standard deduction, and more than halving the corporate tax rate; along with changing the tax [...]

Gumbiner Savett Recognized by the Los Angeles Business Journal

By | 2017-05-24T13:42:02+00:00 February 24th, 2017|News|

Gumbiner Savett Inc., a Santa Monica-based full-service accounting, taxation and consulting firm, was recently named the twentieth largest “Accounting Firm” in the city by the Los Angeles Business Journal. The full list of top accounting firms was published in the February 13-19, 2017 issue. “At Gumbiner Savett, we strive to be a leader in the [...]

5 tax planning considerations during the Trump administration

By | 2017-05-24T13:42:03+00:00 February 17th, 2017|News, Tax Planning|

There is a lot of speculation about how tax law may change with the new administration being very vocal about the need for tax reduction. Most agree that changes are coming, the question is if any changes will take effect retroactively to cover the 2017 year, or if 2018 would be the target start date. [...]

Michael Savoy, CPA elected as Vice President of the California Board of Accountancy for 2017

By | 2016-11-30T23:47:27+00:00 December 1st, 2016|News|

Michael Savoy, CPA, CGMA, a long-time shareholder in Santa Monica-based Gumbiner Savett Inc., has been elected vice-president of the California Board of Accountancy (CBA) for 2017. “I am so honored to remain a part of the CBA leadership team,” stated Savoy, “I’m looking forward to my year as vice-president and the opportunity to continue working [...]

Gumbiner Savett Inc. adopts casual dress code

By | 2017-05-24T13:42:04+00:00 October 31st, 2016|News|

Gumbiner Savett Inc. has joined its start-up neighbors in the surrounding area by relaxing its employee dress code. “This decision came from the managing partner down, and really serves as an example that our leadership values the input of all firm employees,” said Director of HR and Practice Development, Irene Valverde. After years of being [...]

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