COVID-19: A Reminder Of Why Cross-Training Your Accounting Staff Is Key

Imagine this scenario: A company’s controller is hospitalized for the novel coronavirus (COVID-19), and she’s the only person inside the company who knows how its accounting and payroll software works. She also is the only person with check signing [...]

By |2020-05-11T13:46:03-04:00May 8th, 2020|Categories: Blog, COVID-19|Tags: , , |Comments Off on COVID-19: A Reminder Of Why Cross-Training Your Accounting Staff Is Key

The CARES Act Liberalizes Net Operating Losses

The Coronavirus Aid, Relief, and Economic Security, or CARES Act, eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide [...]

By |2020-05-04T13:24:29-04:00May 4th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , |Comments Off on The CARES Act Liberalizes Net Operating Losses

Benchmarking: Why Normalizing Adjustments Are Essential

Financial statements aren’t particularly meaningful without a relevant basis of comparison. There are two types of “benchmarks” that a company’s financials can be compared to — its own historical performance and the performance of other comparable businesses. Before you [...]

By |2020-05-04T12:59:29-04:00May 4th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Benchmarking: Why Normalizing Adjustments Are Essential

Sensiba San Filippo Expands with New R&D Service Line and Two New Partners

Despite Challenges Wrought By COVID-19, San Francisco Bay Area Accounting Firm SSF Launches Research & Development Tax Credit Services and Expands Partner Group Pleasanton, Calif., May 4, 2020 – Sensiba San Filippo LLP (SSF), a leading Northern California-based accounting [...]

By |2020-05-04T12:19:11-04:00May 4th, 2020|Categories: Ariane Woods, Cole Marr, COVID-19, Jarrett Warner, News, Santos Solano|Comments Off on Sensiba San Filippo Expands with New R&D Service Line and Two New Partners

Hiring Independent Contractors? Make Sure They’re Properly Classified

As a result of the coronavirus (COVID-19) crisis, your business may be hiring independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them [...]

By |2020-04-27T13:19:23-04:00April 27th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , |Comments Off on Hiring Independent Contractors? Make Sure They’re Properly Classified

Going, Going, Gone: Going Concern Assessments In The Midst Of COVID-19

The novel coronavirus (COVID-19) pandemic has adversely affected the global economy. Companies of all sizes in all industries are faced with closures of specific locations or complete shutdowns; employee layoffs, furloughs or restrictions on work; liquidity issues; and disruptions [...]

By |2020-04-24T14:49:32-04:00April 24th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Going, Going, Gone: Going Concern Assessments In The Midst Of COVID-19

Paycheck Protection Program: Forgiveness Checklist

If you've secured funding from the Paycheck Protection Program – now is the time to get a head start on gathering the documents you'll need to apply for forgiveness. Our checklist provides: A quick overview of what to expect [...]

By |2020-05-14T14:48:55-04:00April 24th, 2020|Categories: Blog, Consulting, COVID-19, Frank Balestreri, Kevin Shives, Small Business Services|Tags: , , , , |Comments Off on Paycheck Protection Program: Forgiveness Checklist

New COVID-19 Law Makes Favorable Changes To “Qualified Improvement Property”

The law providing relief due to the Coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to as qualified improvement property (QIP). You may recall [...]

By |2020-04-20T17:57:32-04:00April 20th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , , |Comments Off on New COVID-19 Law Makes Favorable Changes To “Qualified Improvement Property”

Adjusting Your Financial Statements For COVID-19 Tax Relief Measures

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting. Companies [...]

By |2020-04-17T20:11:01-04:00April 17th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Adjusting Your Financial Statements For COVID-19 Tax Relief Measures

IRS Opens Direct Deposit Portal to Speed Up Your Stimulus Payments

On April 15, the federal government started the process of depositing the first economic stimulus checks to individuals who have a direct deposit set up with the IRS. Eligible taxpayers could receive up to $1,200 of stimulus money, and [...]

By |2020-04-16T16:11:57-04:00April 15th, 2020|Categories: Blog, COVID-19|Tags: , , |Comments Off on IRS Opens Direct Deposit Portal to Speed Up Your Stimulus Payments