/Tag: accounting and auditing firms in Los Angeles

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.

COVID-19 Tax Relief Impact on Your Financial Statement

By |2020-06-12T16:43:27+00:00April 30th, 2020|Categories: Audit & Accounting, COVID 19, Tax Planning|Tags: , , |

CARES Act contains several tax-related provisions for businesses impacting financial statement reporting, changes aim to help improve operating cash flow.

Impact of COVID – 19 Brings “Going Concern” Issues to the Forefront

By |2020-05-07T22:44:33+00:00April 28th, 2020|Categories: Articles, Audit & Accounting, Blog, COVID 19|Tags: , , |

Companies of all sizes in all industries are faced with disruptions to their supply chains and customers due to COVID-19, creating “going concern” issues.

“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.

Sorting through the “Levels of Assurance” in Financial Reporting

By |2019-06-25T21:51:44+00:00June 25th, 2019|Categories: Blog|Tags: , , , , , |

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 [...]

Antiques, Art & Collectibles – Plan To Maximize Tax Benefits

By |2020-04-07T22:27:09+00:00April 3rd, 2019|Categories: Blog|Tags: , , , , , , |

Art, antiques and collectibles are mentioned in portions of the Internal Revenue Code, usually with more stringent rules surrounding them. Note that by donating the same piece of art instead of selling it, you would remove the 28% capital gains tax and you would receive an income tax deduction for the appraised value of the art.

Gumbiner Savett Inc. merges with Katz Fram & Co.

By |2018-06-26T17:53:51+00:00June 8th, 2018|Categories: News, Press|Tags: , , , |

We are excited to announce that Gumbiner Savett Inc., has joined with Katz Fram & Co., a West Los Angeles CPA and business management firm, as of June 1, 2018. Katz Fram partner, Arnold I. Fram, comes to Gumbiner Savett as a principal and will spearhead the new business management practice. Katz Fram partner, Kurt Yamaguchi, also [...]

How does tax reform affect rental property owners?

By |2018-04-25T22:12:35+00:00April 25th, 2018|Categories: Tax Cuts and Jobs Act, Tax Planning|Tags: , , , , , , |

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, tax reform affects rental property owners- owners will enjoy lower ordinary income tax rates and other favorable changes to the tax brackets for 2018 through [...]

3 Ways to Prepare for an External Audit

By |2018-03-22T17:06:51+00:00March 22nd, 2018|Categories: Audit & Accounting|Tags: , , , , , |

If your company issues audited financial statements and follows a calendar year end, the following steps are a part of your existing external audit preparation procedures. Once the engagement letter is signed, the process begins with preliminary financial statements and possible year-end physical inventory counts. However, audits can be complicated, so taking time to additionally streamline [...]

Show Buttons
Hide Buttons