/Tag: audit and accounting firms in santa monica

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).

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 [...]

Get your financial statements on track

By |2017-07-07T17:26:42+00:00July 7th, 2017|Categories: Audit & Accounting|Tags: , , , , , , |

Do you procrastinate when it comes to closing your books and deliver your year-end financial statements late? Lenders and investors may think the worst if a company’s financial statements aren’t submitted in a timely manner. Here are three assumptions your stakeholders could make when your business has a late financial statement. 1. You’re hiding negative results No [...]

3 steps to ensure a smooth external audit

By |2017-05-24T13:42:03+00:00January 30th, 2017|Categories: Audit & Accounting|Tags: , , , |

If your company issues audited financial statements and follows a calendar year end, these steps are a part of your external auditing 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 audit fieldwork [...]

New Due Dates for 1099-MISC and W-2

By |2017-05-24T13:42:03+00:00January 6th, 2017|Categories: Tax Planning|Tags: , , , , |

Businesses should be aware of new due dates for filing Forms 1099-MISC for their independent contractors, and employee W-2 forms. Previously, businesses had until the end of February to file these 1099s and W-2s with the IRS and the Social Security Administration (or by March 31 if filed electronically). Now, the due dates have been [...]

Your 2016 charitable contributions will offer both estate planning and income tax benefits

By |2017-05-24T13:42:04+00:00December 16th, 2016|Categories: Tax Planning|Tags: , , |

During the holiday season your thoughts likely turn to helping those in need by making charitable donations. Doing so will benefit your favorite organizations and help you achieve your estate planning goal of reducing the size of your taxable estate. In addition, by donating during your lifetime, rather than at death, you’ll receive an income [...]

Michael Savoy, CPA elected as Vice President of the California Board of Accountancy for 2017

By |2016-11-30T23:47:27+00:00December 1st, 2016|Categories: News|Tags: , , , |

Michael Savoy, CPA, CGMA, a long-time shareholder in Santa Monica-based Gumbiner Savett Inc., has been elected vice-president of the California Board of Accountancy (CBA) for 2017. “I am so honored to remain a part of the CBA leadership team,” stated Savoy, “I’m looking forward to my year as vice-president and the opportunity to continue working [...]

Counting Seasonal Workers Under the ACA

By |2016-11-23T02:09:17+00:00November 23rd, 2016|Categories: Business Advice|Tags: , , , |

As an employer, your size – for purposes of the Affordable Care Act –  is determined by the number of your employees. If you hire seasonal or holiday workers, you should know how these employees are counted under the health care law. Employer benefits, opportunities and requirements are dependent upon your organization’s size and the [...]

Show Buttons
Hide Buttons