/Tag: santa monica accounting firm

“Ghosting”— Another form of identity theft

By |2020-06-05T18:58:11+00:00January 5th, 2017|Categories: Business Advice|Tags: , , , , , |

Criminals are taking identity theft to the next level by exploiting the identities of the deceased and leaving their families to deal with the consequences. The tactic is called “ghosting”. Each year, thieves steal the identities of nearly 2.5 million deceased Americans to fraudulently open credit card accounts, obtain loans and tax refunds, and get [...]

Transfer your family business the tax-smart way

By |2017-05-24T13:42:04+00:00November 10th, 2016|Categories: Estate & Trusts|Tags: , , |

Is a family-owned business your primary source of wealth? If so, it’s critical to plan carefully for the transition of ownership from one generation to the next. The best approach depends on your particular circumstances. If your net worth is well within the estate tax exemption, you might focus on reducing income taxes. But if [...]

Including Elderly Parents in Your Estate Planning

By |2016-11-05T00:20:38+00:00November 7th, 2016|Categories: Estate & Trusts|Tags: , , , |

Your estate plan likely accommodates your spouse, children and grandchildren. But have you overlooked your parents? How can you best handle their financial affairs in the later stages of life? You may want to incorporate their needs into your own estate plan while tweaking, when necessary, the arrangements they’ve already made. Here are four critical [...]

Gumbiner Savett Inc. adopts casual dress code

By |2017-05-24T13:42:04+00:00October 31st, 2016|Categories: News|Tags: , , , |

Gumbiner Savett Inc. has joined its start-up neighbors in the surrounding area by relaxing its employee dress code. “This decision came from the managing partner down, and really serves as an example that our leadership values the input of all firm employees,” said Director of HR and Practice Development, Irene Valverde. After years of being [...]

IRS announces 2017 COL adjustments affecting pension plans

By |2016-10-28T20:33:56+00:00October 28th, 2016|Categories: News|Tags: , , , , |

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017.  The IRS today issued technical guidance detailing these items in Notice 2016-62. Highlights of changes for 2017 The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement [...]

Show Buttons
Hide Buttons