/Tag: Gumbiner Savett

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 [...]

Gumbiner Savett Updates Amid COVID-19 Pandemic

By |2020-04-10T23:16:18+00:00March 21st, 2020|Categories: Blog, COVID 19, News|Tags: , , , |

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, [...]

Gumbiner Savett Inc. and BKR International Award Scholarship to Accounting Student

By |2019-10-15T16:31:39+00:00October 15th, 2019|Categories: Blog, News|Tags: , , , , , |

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 [...]

Accounting Firm Gumbiner Savett Inc. Announces July Promotions

By |2019-07-12T17:55:08+00:00July 10th, 2019|Categories: Blog, News|Tags: , , , , |

  The Santa Monica CPA firm promotes six staff members                                                                                            [...]

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 [...]

Avoiding potential Not-For Profit Accounting Pitfalls

By |2019-06-13T16:54:54+00:00May 15th, 2019|Categories: Audit & Accounting, Non-profits|Tags: , , |

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.

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.

Art, Antiques & Collectibles – Plan To Maximize Tax Benefits

By |2017-08-10T22:18:20+00:00August 9th, 2017|Categories: Tax Planning|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.

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 [...]

Avoiding Potential Not-For-Profit Accounting Pitfalls

By |2019-06-13T21:33:28+00:00June 11th, 2017|Categories: Audit & Accounting, Non-profits|Tags: , , |

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.

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