Welcome to Sensiba San Filippo’s Insights Blog
Providing education and industry insights to stay steps ahead of your competition.
San Francisco Business Times: State of the Tri-Valley
Event Information Join us for a lively panel discussion and networking reception with local leaders who are pushing the Tri-Valley economy to new heights. Our panel of stakeholders will discuss why innovative companies are [...]
It’s a Good Time to Buy Business Equipment and Other Depreciable Property
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation [...]
Why Do Companies Restate Financial Results?
Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by 18%. Many of these amendments were due to [...]
Private Companies: Beware of SEC Scrutiny
The Securities and Exchange Commission (SEC) doesn’t monitor just publicly traded companies. It also looks at the dealings of some private companies, often to the surprise of their owners and executives. Reasons for SEC [...]
M&A Transactions: Avoid Surprises From The IRS
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. [...]
The Introduction of Senate Bill 378
The Introduction of Senate Bill 378 Creates a California Estate Tax Senate Bill 378 has been introduced in the California Legislature providing for the reinstatement of an estate tax and the imposition of new gift [...]
Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that [...]
The Pros and Cons of Interim Reporting
The Securities and Exchange Commission (SEC) requires certain public companies to publish quarterly financial statements to give investors insight into midyear performance. Though interim reporting generally isn’t required for private companies, stakeholders in smaller entities [...]
Which Entity Is Most Suitable For Your New Or Existing Business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations [...]
In Pursuit of Global Tax Transparency
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help minimize stakeholders’ exposure to potential hidden risks, the Financial Accountability & Corporate Transparency [...]
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