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Tax Implications When Retiring to a Different State

By | April 24th, 2017|Tax Planning, Uncategorized|

When you retire, you may consider moving to another state — say, for the weather or to be closer to loved ones. State taxes also may factor into the equation. Here's what you need to know about establishing residency for state tax purposes — and why the process may be more complicated than it initially [...]

“Ghosting”— Another form of identity theft

By | January 5th, 2017|Uncategorized|

Criminals are taking identity theft to the next level by exploiting the identities of the deceased and leaving their families to deal with the consequences. The tactic is called “ghosting”. Each year, thieves steal the identities of nearly 2.5 million deceased Americans to fraudulently open credit card accounts, obtain loans and tax refunds, and get [...]

Gumbiner Savett Inc. Launches New Website

By | October 25th, 2016|News, Uncategorized|

Gumbiner Savett Inc., an accounting firm based in Santa Monica, has launched a newly revamped version of its website. The website, which is located at the same address of http://gscpa.com, went live on September 30th, 2016. “The new website is easy to navigate, and provides a more detailed overview of our services and culture, allowing [...]

Divorce and Your Taxes

By | August 29th, 2016|Tax Planning, Uncategorized|

If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here are some key tax tips to keep in mind: Child [...]

5 Tips for Reducing Fraud in Your Business

By | July 27th, 2016|Fraud Prevention, Uncategorized|

There are as many ways to defraud a business as there are individuals to dream up scams. Your accounting function — payroll and accounts payable and receivable — is particularly vulnerable. To protect your business from financial losses and possible public embarrassment, implement and enforce these five basic controls: 1. Screen employees. Require all prospective [...]

Home is Where Your… Well, It Depends

By | January 18th, 2016|Uncategorized|

Tax Deductions for Commuting Expenses Did you know that your home (where you sleep at night) may not be considered your home for tax purposes? That’s right. Your tax home is generally your normal place of business. It is where you report for work each day. If you do not have a main work [...]

How to Manage Someone Else’s Finances

By | January 18th, 2016|Uncategorized|

Managing Finances for the Elderly or Ill Many people find themselves helping ill or elderly loved ones manage their finances. The situation tends to be emotionally charged, leaving even the most financially savvy overwhelmed and unprepared for the task. With an estimated 10,000 baby boomers turning 65 every day, the odds are high that [...]

Children and Acting Income… Plan Wisely

By | January 17th, 2016|Uncategorized|

When Your Child is the Next Big Thing GS manager, Lori Shrout recently had an article published in CPA Magazine regarding children and entertainment earnings. Living in Los Angeles, many families face this situation and can plan wisely for their little stars. Lori offers some great tips for you: Many parents hope for that [...]

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