Gumbiner Savett Inc.

Four Steps to Fortify Your Audit Committee’s Effectiveness As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking these four steps to improve the effectiveness of your audit committee:

Data security is a critical part of an auditor’s risk assessment. During the planning stage, auditors tailor their procedures to answer critical questions about cyber risks and the effectiveness of internal controls. While conducting fieldwork, auditors evaluate how a company’s cybersecurity practices measure up and whether there are weaknesses that may require additional inquiry, testing and disclosure. Cyber risks are constantly evolving, so companies should update their ...cybersecurity policies and procedures regularly. Our audit team has experience evaluating and disclosing today’s data security practices. Contact us for more information. #tax #cpa #cybersecurity

New California Tax Rates & Golden State Stimulus. What are they and do they apply to you? #Tax #CPA #stimulus

Operating, investing or financing activity? It’s not always clear where transactions belong on your company’s statement of cash flows. Take a look at this weeks blog post to learn more #Tax #Cashflow #Accounting

Congratulations to one of our Shareholders, Shreedhar Kothari, who celebrated 25 years with Gumbiner Savett earlier this year!

Gumbiner Savett congratulates four staff members promoted as of January 1, 2021. Way to go Ron, Eduard, Tiffany, and David S.! #cpa #tax

Help Gumbiner Savett Inc. collect shoes for elementary school children during the holidays!

https://gscpa.com/thank-you-veterans/

Valerie Colin, Karla Chavez Luna and Helena Song, GumbinerSavett is so proud you are Women of Influence in Accounting!

https://www.facebook.com/gumbiner.savett.3/posts/2112289508903922

Promotions Announced by Accounting Firm GumbinerSavett - Seven recognized led by Wilson, Cha and Shiao. We congratulates the newly promoted staff members as of July 2020? #cpa #tax #auditandaccounting

For hundreds of years, businesses have engaged in bartering. It’s popular during times of economic downturns, which many businesses are suffering now due to COVID-19. But if you trade goods or services, be aware of the tax consequences. https://gscpa.com/bartering-is-a-taxable-transaction-even-/

Congratulations to our Managing Director, Rick Parent, CPA for making the Los Angeles Business Journal's 2020 LA 500 List https://labusinessjournal.com//la500-2020-professional-se/

Coronavirus law contains tax rules changes for improvements to interior parts of nonresidential buildings known as qualified improvement property (QIP). https://gscpa.com/qualified-improvement-property-cares-act/

https://gscpa.com/employment-tax-deposit-relief-due-to-cov/

Learn more about retirement changes https://gscpa.com/retirement-changes-due-to-the-cares-act/ #CARESAct

Learn more about the Paycheck Protection Program https://gscpa.com/cares-act-paycheck-protection-program/ #paycheckprotectionprogram

Learn more https://gscpa.com/several-key-tax-provisions-for-businesse/.

Here are some GS updates amid COVID-19 https://gscpa.com/gumbiner-savett-updates-amid-covid-19-pa/.

Both federal and California April 15 filing dates have been pushed back to July 15,2020 https://gscpa.com/federal-and-california-april-15-filing-d/.

News alert regarding extensions for federal income tax payments for individuals and business owners due to the to the effects of COVID-19 on the nation https://gscpa.com/news-alert-regarding-covid-19-implicatio/. #taxextensions #taxpayments

How the coronavirus may affect your financial statements https://gscpa.com/your-financial-statements-may-be-affecte/.

Learn how to smoothly sell your business https://gscpa.com/six-steps-for-a-smooth-business-sale-2/ #sellingyourbusiness #businessadvice

What to do if you receive an IRS phone scam call https://gscpa.com/irsannouncesnewphonescamsduringfilingsea/. #irstaxtip #2020taxtip #irsphonescam #phonescam #irsscam