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 [...]
The SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law on December 20, 2019. The Act contains major retirement related provisions aimed at expanding retirement savings. The provisions apply to both employers and to individuals, and will have wide-ranging impact on both retirement planning and estate planning. This article will focus [...]
California’s new AB 5 law, also known as the Dynamex bill, is changing the landscape of worker classification in the state. The legislation has left business owners, and the workers they use, scrambling to understand the facts and how it will apply to them. The new rules are complex and are not uniform across different [...]
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 [...]
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 [...]
When Your Child is the Next Big Thing Gumbiner Savett Inc. 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 [...]
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, [...]
The firm raised funds for local LA charity, Dr. Susan Love Foundation for Breast Cancer Research Gumbiner Savett Inc., a full-service public accounting firm in Southern California, dedicated their October 2019 fundraising effort to Breast Cancer Awareness Month, specifically to the Dr. Susan Love Foundation for Breast Cancer Research. The firm held bake sales throughout [...]
The Santa Monica CPA firm chooses a University of Southern California (USC) student as the recipient. Gumbiner Savett Inc., a full-service certified public accounting firm in Southern California, is pleased to announce that USC accounting student Hiroko Kubo has been awarded the BKR International Scholarship Award. As the host firm of the BKR International Worldwide [...]
It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They can be used to detect symptoms of unhealthy performance and treat problems before they spiral out of control. The importance of royalty payments Royalties are typically [...]
