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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.

Coming this Weekend!

By |2021-06-18T22:14:54+00:00June 18th, 2021|Categories: Articles, Blog, Firm Happenings, News|Tags: , |

Have a proud and happy Juneteenth - Saturday, June 19! Juneteenth is the oldest nationally celebrated commemoration of the ending of slavery in the United States. On June 15, 2021 the Senate passed the Juneteenth National Independence Day Act, establishing Juneteenth as a federal holiday. Happy Father's Day- Sunday, June 20 To all of the [...]

LABJ recognizes three from Gumbiner Savett Inc. as Most Influential Minority CPAs

By |2021-06-18T16:04:54+00:00June 18th, 2021|Categories: Articles, Audit & Accounting, Blog, Firm Happenings, News, Press|Tags: , , , , , |

Congratulations to Shreedar Kothari, CPA; Karla Chavez Luna, CPA, MST; and Vaibhav Tandon, CPA, who were named Most Influential Minority CPAs by the Los Angeles Business Journal.

Effective ways to maximize collections and minimize write-offs

By |2021-05-13T00:44:17+00:00May 13th, 2021|Categories: Audit & Accounting, Business Advice, COVID 19|Tags: , , , , |

Convert receivables into cash

Tips to determine “reasonable compensation” for corporate business owners

By |2021-04-23T19:30:56+00:00April 23rd, 2021|Categories: Articles, Audit & Accounting, Business Advice, Tax Planning|Tags: , , , , , , , |

How to determine "reasonable compensation" for corporate business owners

Accounting Rules for Profits Interest Awards

By |2021-04-15T23:55:23+00:00April 15th, 2021|Categories: Audit & Accounting, Business Advice|Tags: , |

During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual raises, some companies may decide to give valued employees a share of their future profits. While corporations generally issue stock options, limited liability companies (LLCs) [...]

Updated Guidance on Events that Trigger an Impairment Test

By |2021-04-05T18:30:04+00:00April 5th, 2021|Categories: Articles, Audit & Accounting, Business Advice, COVID 19, Non-profits|Tags: , , , , |

On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to private companies and not-for-profit entities that have been adversely affected by the COVID-19 pandemic. Here’s what you should know. Clarifications [...]

Four Steps to Fortify Your Audit Committee’s Effectiveness

By |2021-03-29T21:32:47+00:00March 29th, 2021|Categories: Audit & Accounting, Business Advice, COVID 19, Fraud Prevention|Tags: , , |

Improve effectiveness of your audit committee

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