You’re probably aware of the 100% bonus depreciation tax break available for a wide range of qualifying properties. Here are five important points to be aware of regarding this powerful tax-saving tool. 1. Bonus Depreciation Phase Out Schedule Under current law, 100% bonus depreciation will be phased out in steps for property placed in service Read more…
The new Oregon paid family leave program, Paid Leave Oregon, is set to begin next year. This program is designed to give families, individuals, and employees the time and support they need to care for themselves and others during life’s most important moments. When does Oregon Paid Family Leave Take Effect? Oregon Paid Family Leave Read more…
The Inflation Reduction Act of 2022 (IRA) was signed into law on August 16, 2022. The legislation enhances the benefit for start-up companies by expanding the amount of the Research and Development tax credit – often called the R&E or R&D Credit which can be used to offset payroll tax. R&D Credit Offset Beginning in Read more…
PLEASANTON, Calif., Aug. 18, 2022 — Sensiba, a leading CPA and business consulting firm, today announced the appointment of Dee Bowers as Chief Revenue Officer (CRO). In this newly created role, Bowers will lead the strategy and execution of Sensiba’s marketing, sales, and customer experience initiatives. In announcing the appointment, Managing Partner John D. Sensiba stated Bowers will have Read more…
As of July 1, 2022, The Infrastructure Investment and Jobs Act (IIJA) has reinstated excise taxes imposed on certain chemicals and imported chemical substances. The original excise tax expired on December 31, 1995. This current iteration is set to expire on December 31, 2031. The excise tax was not only brought back, but the IIJA Read more…
It’s incredible how basic each of these five items sound, yet often one or more are absent in family offices. The result is frustration by the family, stress in the team, and a high likelihood that families might overlook opportunities to strengthen their returns, mitigate risk, and sleep better at night. It turns out that Read more…
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the assumption that the company will continue normal business operations into the future. When liquidation is imminent, the liquidation basis of accounting may be used instead. It’s up to the company’s management to decide whether there’s a so-called “going concern” issue and Read more…
What is BlackLine Smart Close? BlackLine Smart Close is a module that enables a standardized and automated financial close and is embedded directly within SAP. BlackLine close management tools provide clear, real-time visibility into the finance team’s progress, improves controls and documentation, enhances overall accountability, often leading to shortened close cycles for organizations and greater Read more…
Today, the combination of innovative flavors and unique branding has led to the success of the craft beer industry. With an ever-growing demand for more and more unique varieties, it’s no mystery why breweries are popping up nationwide. Whether breweries are established or just getting off the ground, brewers need to know what options there Read more…
So, you love your job. But did you know that combining business and pleasure could affect your tax deductions? While there are no laws against enjoying your profession, it is important to distinguish between business and recreation regarding your taxes. If your operation runs at a loss and you claim losses on your taxes, it Read more…
If you’re a construction contractor, the odds are you’ll require the services of an outside accountant from time to time. At first glance, it can be difficult to tell the difference between all of the Certified Public Accountants (CPAs) out there. They list the same services, have the same credentials and they all claim to Read more…
In the current economic landscape, it’s common for startups and businesses to seek a buyout or acquisition — in fact, it’s frequently the goal from the start. Preparing for acquisition as early as possible can help alleviate the stress of an unplanned opportunity and put your company in the best situation for the strongest offer Read more…
Outlining your goals, setting a budget, and choosing the best technology are keys to establishing and running an effective family office. What is a Family Office? A family office is an organization that’s created to serve a variety of administration and management needs in a structured way for families. These responsibilities vary because each family’s Read more…
Sensiba LLP, a leading CPA and business-consulting firm, has been named a 2022 Best for the World™ B Corp™ in recognition of its exceptional positive impact on its Governance. Best for the World is a distinction granted by B Lab to Certified B Corporations (B Corps) whose verified B Impact Scores in the five impact Read more…
As families and their professional advisors begin discussing the potential benefits of creating a family office to manage their affairs, a number of challenges need to be considered to ensure the office meets the family’s goals. 1. Identifying What You Hope the Family Office Will Accomplish Are you looking primarily for administrative support to conduct Read more…