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 [...]
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.
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) [...]
CA taxes and stimulus payments
Shreedhar Kothari celebrates 25 years
Can your business benefit from the enhanced Employee Retention Tax Credit?
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI deduction: Is available to owners of sole proprietorships, single member limited liability companies (LLCs), partnerships, and S corporations, as well [...]
Gumbiner Savett is collecting and donating new shoes to elementary school children
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when external auditors traditionally observe physical inventory counts for calendar-year entities. Here’s how you can identify and overcome the challenges associated with inventory counts during the [...]
