Los Angeles Business Journal names Rick Parent to annual list of top executive leaders
How to determine "reasonable compensation" for corporate business owners
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 [...]
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 [...]
Dear Valued Clients and Colleagues: We hope that you are safe and well during these unprecedented times due to the COVID-19 pandemic. With new announcements from Federal, California and Los Angeles County government officials released almost daily, the latest extending the tax filing deadline to July 15, 2020 for both California and Federal filings, [...]
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 [...]
The Santa Monica CPA firm promotes six staff members [...]
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 [...]
With almost any organization, your accounting function is important and should be reviewed regularly. I have seen the following six errors made by not-for-profits organizations. Make sure your finance department addresses each area.
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.