Welcome to Sensiba San Filippo’s Insights Blog
Providing education and industry insights to stay steps ahead of your competition.
Why You’ll Love Sage Intacct’s New Interactive Visual Explorer
Finance and business leaders can make better decisions by understanding their data more easily with the help of Sage Intacct’s new Interactive Visual Explorer tool. Part of Sage Intacct’s 2020 R4 release, the Interactive [...]
California Tax Forms Changes
The 2020 tax year has brought changes to many California tax forms and instructions. That’s why the CA Franchise Tax Board (FTB) has created a tax forms webpage to describe the revisions it has [...]
PPP Forgiveness in California
Employers in California who have questions about the Paycheck Protection Program (PPP) get some answers. The April edition of the CA Franchise Tax Board’s “Tax News” addresses whether CA will conform to the federal [...]
Reasonable Compensation
Know the ins and outs of “reasonable compensation” for a corporate business owner Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather [...]
FASB 2021 Agenda
What’s on the FASB’s 2021 agenda? In December 2020, Richard Jones stepped up as chairman of the Financial Accounting Standards Board (FASB). After meeting with stakeholders in early 2021, Jones identified a list of [...]
Can Employers Mandate Vaccines?
California Employers can mandate vaccines. Employers in California may mandate employee COVID-19 vaccines. The CA Dept. of Fair Employment has issued guidance explaining that, based on the Fair Employment Housing act, an employer may require employees [...]
Mexican Merchant Program
The Mexican Merchant Program ended in December, here's how it affects your business. The Mexican merchant program in California ended on December 31, 2020. That means that, since January 1, 2021, Mexican merchants have [...]
Simple Retirement Savings Options for Your Small Business
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to [...]
Reporting Profit Interest Awards
Reporting profits interest awards During the pandemic, cash has been tight for many small businesses, which may make it hard to attract and retain skilled workers. In lieu of providing cash bonuses or annual [...]
Updated Guidance for Impairment Testing
Updated guidance for impairment testing: When to consider triggering events On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally [...]
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