/Articles

When is the best time for subsequent events to be reported?

By |2020-04-06T22:43:41+00:00April 17th, 2019|Categories: Articles, Blog|Tags: , , , |

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications for the prior period or for the future. Here’s a look at what’s reportable and what’s not. How subsequent [...]

Consider these four tips if art donations are included in your estate plan

By |2020-03-04T19:07:21+00:00April 11th, 2019|Categories: Articles, Blog|Tags: , , , |

Art Donations Charitable giving is a key part of estate planning for many people. If you have a collection of valuable art, you may consider donating one or more pieces to receive tax deductions. Generally, it’s advantageous to donate appreciated property to avoid capital gains taxes. Because the top federal capital gains [...]

Gumbiner Savett Inc’s Michael Savoy to be the Featured Speaker for the California Board of Accountancy’s (CBA) Outreach Event

By |2019-05-29T19:20:09+00:00April 8th, 2019|Categories: Articles, Blog, News|Tags: , , , , |

Michael Savoy, CPA, CGMA The two-hour program will discuss the rewards and values of the CPA License   Santa Monica, CA — March 8, 2019 — Gumbiner Savett Inc., is pleased to announce that shareholder Michael Savoy, CPA, CGMA, will be speaking at the CBA’s CPA Exam Information Session this Thursday, April 11 [...]

The Adoption Tax Credit: 10 Things You Need to Know

By |2020-03-01T04:17:22+00:00March 16th, 2016|Categories: Articles, Tax Planning|Tags: , , , , |

IRS UPDATE: If you adopted or tried to adopt a child in 2015, you may qualify for a tax credit. Here are ten things you should know about the adoption credit. 1. Options. The credit is nonrefundable. This means that the credit may reduce your tax to zero. If the credit is more than your tax, [...]

3 TIPS TO AVOID IRS PHONE SCAMS

By |2020-03-01T04:24:55+00:00May 6th, 2015|Categories: Articles, Fraud Prevention|Tags: , , |

Take a moment before responding to any communication about your tax return — and verify that the query is actually from the IRS. This article provides 3 tips to avoiding scams.

Branding Your Organization

By |2017-05-24T13:42:17+00:00April 13th, 2015|Categories: Articles, Business Advice|Tags: , , |

Brand loyalty isn’t just for cereals and electronic devices. It’s also an integral part of marketing health care services in a competitive marketplace. This article explains the strategic importance of branding. It involves a health care provider’s determining what it wants to say about itself and then determining target markets and the best ways to reach them. Branding efforts should be targeted internally, too, to create “brand ambassadors.” A sidebar lists some brand elements that hospitals have used to set themselves apart.

Does your child need to file a tax return?

By |2017-05-24T13:42:17+00:00March 25th, 2015|Categories: Articles, Tax Planning|Tags: , , , , |

If your child has been socking away those gift checks and trading stocks along with the E-Trade baby, you could have some reporting to do.  Special rules apply to anyone who can be claimed as a dependent on another return.  These rules apply regardless of whether you actually claim your child as a dependent; the [...]

Ten Tax Tips If You Are Moving For Your Work

By |2017-05-24T13:42:21+00:00December 29th, 2014|Categories: Articles, Tax Planning|

The IRS recently published some excellent tax planning  tips for people  who are moving during the summer if your move is related to starting a new job or a new job location. Move must be closely related to start of work: Generally, you can consider moving expenses incurred within one year from the date you [...]

Consider a Multistate Nexus Review for Your Business

By |2017-05-24T13:42:22+00:00October 13th, 2014|Categories: Articles, Tax Planning|Tags: , , , , , , , , |

The Internet and other technological developments have made it easy for companies to do business across state lines. Unfortunately, along with these new business opportunities comes a new set of tax issues.

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