/News

Santa Monica Accounting Firm Holds Holiday Shoe Drive

By |2020-12-16T05:03:40+00:00December 10th, 2020|Categories: COVID 19, Firm Happenings, News, Press|Tags: , , , |

Gumbiner Savett is collecting and donating new shoes to elementary school children

Anniversaries at Gumbiner Savett

By |2020-11-20T22:39:50+00:00November 20th, 2020|Categories: Blog, Firm Happenings, News|Tags: , , |

Congratulations to two of our shareholders for celebrating work anniversaries in November. Their longevity has contributed to the firm's success as GS Inc. continues to celebrate our 70th anniversary in 2020!  Rick Parent, Managing Director and Audit and Accounting Shareholder, celebrated 15 years on November 7, 2020. Kevin Yardumian, Shareholder, will celebrate 30 years on [...]

Gumbiner Savett Trio Named to List of Women Leading the Accounting Industry

By |2020-10-29T22:05:55+00:00October 29th, 2020|Categories: Articles, Audit & Accounting, Firm Happenings, News, Press|Tags: , , , |

Gumbiner Savett Inc. congratulates Valerie Colin, Karla Chavez Luna and Helena Song for being recognized as “Women of Influence in Accounting” in the Los Angeles Business Journal. The accolade is a result of the 2020 Accounting MOVE Project Report that looks at the inroads women accountants have made towards equality in the accounting field. “This [...]

Gumbiner Savett Announces Promotions

By |2020-09-10T21:58:56+00:00September 10th, 2020|Categories: Articles, Blog, Firm Happenings, News|Tags: , , , |

Gumbiner Savett Inc. congratulates the newly promoted staff members as of July 2020. The firm promoted Tara Wilson to Tax Principal, Vivian Cha to Tax Senior Manager, Kimberlie Shiao to Audit & Accounting Senior Manager, Suresh Narayanamoorthy to Tax Manager, Kathryn Hoppers to Tax Senior, and Yvette Zhu and Megan Jiang to Audit & Accounting Seniors.

Bartering is a taxable transaction even if no money changes hands

By |2020-07-21T21:56:17+00:00July 21st, 2020|Categories: COVID 19, News, Tax Planning|Tags: , , , , , |

During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you receive in bartering is taxable income. In addition, if you [...]

Gumbiner Savett Shareholder Tapped to Lead Audit & Accounting Department

By |2020-06-19T19:46:12+00:00June 17th, 2020|Categories: News|Tags: , , , |

Jon Shoemaker, a 25-year firm veteran takes the reigns Santa Monica, CA — June 16, 2020 — Jon Shoemaker, CPA, a shareholder for Gumbiner Savett Inc., was named leader of the firm's audit & accounting department as of June 1, 2020. A dedicated practitioner, Jon has managed and led numerous international accounting and income tax engagements [...]

“Qualified improvement property” aided by CARES Act

By |2020-05-07T22:45:37+00:00April 24th, 2020|Categories: Articles, Blog, COVID 19, News, Tax Planning|Tags: , , |

Coronavirus law contains tax rules changes for improvements to interior parts of nonresidential buildings known as qualified improvement property (QIP).

Employment Tax Deposit Relief Due to COVID-19

By |2020-05-07T22:46:57+00:00April 21st, 2020|Categories: COVID 19, News, Tax Cuts and Jobs Act, Tax Planning|Tags: |

The IRS has reissued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to the Coronavirus (COVID-19) pandemic.

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