Welcome to Sensiba San Filippo’s Insights Blog
Providing education and industry insights to stay steps ahead of your competition.
2021 Q3 Tax Deadlines
The 2021 Q3 Tax Deadlines are approaching. Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, [...]
Accounting Estimates in Uncertain Times
In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of key “unknowns” include how much longer certain pandemic issues will continue, how federal stimulus [...]
California Cannabis Track-and-Trace
New regulations from the California Dept. of Tax and Fee Administration (CDTFA) affect the operations of the CA cannabis industry. Rules adopted on April 26, 2021, entitled CA Cannabis Track-and-Trace, specify information that certain [...]
New Disaster Relief Rules for California Homeowners
Fourteen California Counties have adopted an ordinance allowing intercounty disaster relief. Homeowners whose principal residence is substantially damaged or destroyed in a major disaster can transfer the adjusted base year value of the pre-damaged [...]
Getting Your Ducks in a Row Before an IPO
Along with providing an infusion of capital to a growing company, going public brings strict financial reporting and compliance requirements that need to be in place well before the offering. To meet investor expectations [...]
Recordkeeping Do’s and Dont’s
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In [...]
Is Your Working Capital on Target
Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of working capital depends on [...]
Newsom’s Budget Proposal
In mid-May, California Governor Gavin Newsom released a revised state budget proposal for 2021-2022. This budget supports a $100 billion CA Comeback Plan with a projected state surplus of $75 billion, plus $25 billion [...]
Creating an Effective Family Office Structure
One of the most important factors in determining the success and effectiveness of a family office is creating a family office structure that supports the family and its objectives. This is typically a personalized [...]
Benefits of Hiring Your Kids this Summer
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college [...]
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