/Gumbiner Savett Editor

About Gumbiner Savett Editor

Gumbiner Savett Inc. editors are comprised of tax and audit practitioners ranging from manager to shareholder. They are dedicated to staying on top of the latest rules and regulations in the accounting and finance industry.

Gumbiner Savett Inc. Announces a New Departmental Leader

By |2020-01-15T22:26:54+00:00January 15th, 2020|Blog, News|

Gumbiner Savett Inc., a full-service public accounting firm based in Southern California, has a new leader for its tax department. Valerie Colin, a senior tax shareholder in the firm, will now hold the position. David Thaw, CPA, MST, also a tax shareholder, steps down after seven years at the helm.   Thaw is also the co-leader [...]

It’s time to reexamine your sales tax compliance in a post-Wayfair world

By |2020-01-07T23:20:04+00:00January 7th, 2020|Blog|

In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states to collect sales tax from remote sellers. Today, nearly every state with a sales tax has enacted a similar law, so if your company does business across state lines, it’s a [...]

The GS team donates winter coats for its holiday charity

By |2020-01-17T01:25:54+00:00December 24th, 2019|Blog, Firm Happenings|

This year Gumbiner Savett chose One Warm Coat as its charity. People brought in coats from home and gave money towards the charity. The collected coats were delivered locally to help our neighbors in need this winter.   About One Warm Coat One Warm Coat is a national non-profit organization that works to provide a [...]

Receive tax breaks while showing your holiday spirit with gifts and parties

By |2019-12-18T17:47:10+00:00December 18th, 2019|Blog, News|

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea to understand the tax rules associated with these expenses. Are they tax deductible by your [...]

A couple of tax saving tools for your business at the year’s end

By |2019-12-18T00:25:53+00:00December 18th, 2019|Blog, News|

At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its 2019 tax liability. To benefit from these deductions, you must buy eligible machinery, equipment, furniture or [...]

GS Shareholder Michael Savoy Elected as Vice President of the California Board of Accountancy Board

By |2019-12-17T18:35:16+00:00December 17th, 2019|Blog|

Gumbiner Savett Inc., is proud to announce that its shareholder, Michael Savoy, CPA, CGMA, has been elected by the California Board of Accountancy (CBA) to serve as Vice President of the board for the 2019-2020 year. His term began last month. “Michael’s dedication to the profession and to the California Board of Accountancy is commendable,” [...]

Gumbiner Savett Inc. Shareholder and Two Practitioners Named Most Influential Women in Accounting by the Los Angeles Business Journal

By |2019-11-19T19:56:47+00:00November 19th, 2019|Blog, News|

The firm members are among some of the top female accountants in Southern California Valerie Colin, CPA, MST, Jill Massey, CPA, MST and Helena Song, CPA Gumbiner Savett Inc., a full service public accounting firm in Southern California, is pleased to announce that one of its shareholders and two practitioners – Valerie Colin, [...]

GS Employees Celebrate Work Anniversaries!

By |2019-11-12T19:05:13+00:00November 12th, 2019|Firm Happenings|

Two of our team members are celebrating work anniversaries! Maria Ruiz, the supervisor of administrative services within the firm, is celebrating her 25 year anniversary. Ana Bran, an executive assistant as well as a notary public, has been with us for 20 years. They were given flowers, champagne and restaurant gift cards, as well as [...]

Choosing between using GAAP or tax-basis for your business

By |2019-11-11T19:11:45+00:00November 11th, 2019|Articles, Blog|

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework that will work for your situation. What they are GAAP is the most common financial reporting standard in the United [...]

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