Financial Reporting in your Company How confident (or assured) are you that your financial reports are reliable, timely and relevant? In order of increasing level of rigor, accountants generally offer three types of assurance services: compilations, reviews and audits. What’s appropriate for your company depends on the needs of creditors or investors, as [...]
Both GS Principal Janna Dormer, CPA, MBT, and GS Tax Senior Manager Tara Wilson, CPA, MST, were nominated for LABJ's Rising Star Award. The two attended this year's awards lunch along with some of their female co-workers who were there to show support. Congrats!
Estate Plan After Divorce If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you die or become incapacitated before the divorce is final. [...]
Auditors use nonoffical business data in audits. Every financial transaction generates nonfinancial data without a dollar value assigned to it. Nonfinancial data can help analyze your business from multiple angles. Organizing audit information The purpose of an audit is to determine whether your financial statements are compliant with Generally Accepted Accounting Principles (GAAP) and [...]
Gumbiner Savett employees and their families were invited to GS's 2019 summer event at Pacific Park in Santa Monica. Everyone had a great time eating, riding rides and playing games, and enjoying a beautiful view of the ocean. A good portion of the employees got to the event using the train.
GS employees attended the Los Angeles Professional Services' Black and White Ball benefiting National Jewish Health and honoring Sydnee Breuer and Nicholas Rozansky. A yearly event, the Black and White Ball raises funds for National Jewish Health, the leading respiratory hospital in the nation, and celebrates extraordinary people in the Los Angeles professional services industry. [...]
Pradeep Budhiraja, CPA, Karla Chavez-Luna, CPA, MST, Shreedhar Kothari, CPA Shareholders join elite group of minority CPAs Gumbiner Savett Inc., a top 25 full-service public accounting firm in Southern California, is proud to announce that three of its shareholders – Pradeep Budhiraja, CPA; Karla Chavez Luna, CPA, MST; and Shreedar Kothari, CPA; [...]
Gumbiner Savett employees attended UCLA's Student Accounting Society 37th Annual Spring Banquet. The theme of this year's event was Dream in Gold. GS was proud to once again support UCLA with their student scholarships. UCLA alum and GS Shareholder, Karla Chavez Luna, at the event.
The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an employee’s personal use of such a vehicle for income and employment tax purposes. The new values reflect vehicle-related amendments in the Tax Cuts and Jobs [...]
