Search Results
Insight
Accounting for Cloud Computing Arrangements
The costs to set up cloud computing services can be significant, and many companies would prefer not to expense these setup costs immediately. Updated guidance on accounting for cloud computing costs aims to reduce differences in the accounting treatment for these arrangements. In a nutshell, the changes will spread more of the costs of implementing Read more…
Page
Privacy Policy
News
Sensiba Earns Global Recognition in 2020 Real Leaders Impact Awards
Pleasanton, CA — May 20, 2020 — Sensiba, a leading Northern California-based accounting and business consulting firm, is honored to be recognized by Real Leaders Magazine for their 2020 Real Leaders Impact Awards as a 100 Top Impact Company. “To be recognized for our commitment to sustainable leadership is an honor for the SSF team,” said Read more…
Insight
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 conduct a benchmarking study, however, it’s important to make normalizing adjustments to avoid any misleading comparisons. Read more…
News
Sensiba Expands with New R&D Service Line and Two New Partners
Despite Challenges Wrought By COVID-19, San Francisco Bay Area Accounting Firm Sensiba Launches Research & Development Tax Credit Services and Expands Partner Group Pleasanton, Calif., May 4, 2020 – Sensiba, a leading Northern California-based accounting and business consulting firm, is proud to announce the introduction of a Research & Development (R&D) tax credit services practice. Read more…
Insight
CARES Act Creates Relief and Opportunity for American Taxpayers
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, a sweeping economic stimulus package designed to provide financial relief for American individuals and families. Here is a brief overview of the key opportunities you can expect to see in the coming year. Rebates for Individuals Arguably Read more…
Insight
CFO Services – Adding Strength to Manufacturing and Distribution
For a lot of small to mid-size manufacturing and distribution businesses, there’s a conundrum looming over the accounting department. Often, these departments consist of just a few accountants, possibly a controller or accounting manager. Typically, the business owner serves as the de facto leader. The team can handle payroll, accounts receivable, and accounts payable — Read more…
Insight
Good News for Drop and Swaps
Over my 39‑year career advising real estate clients on Section 1031 exchanges, I have never encountered a more common (nor more frustrating) question than the following: “How long do we need to hold a property (either before or after an exchange) to qualify for tax-deferred treatment?” While I was well-schooled on the issue, Read more…
Insight
4 Steps to Help Strengthen Your Balance Sheet
Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a recession by mid-2021, according to the 2019 year-end Duke University/CFO Global Business Outlook survey. In light of these bearish predictions, many businesses are currently planning for the next recession. Are you? Here are four steps Read more…
News
Sensiba Earns ClearlyRated’s 2020 Best of Accounting™ Award
Sensiba was named among the top firms with excellent client service for the 4th consecutive year in a row Pleasanton, Calif., February 5, 2020 – Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce that it has won ClearlyRated’s 2020 Best of Accounting™ Award for providing excellent client service to their clients Read more…
Insight
Reporting Contingent Liabilities
Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies are unclear when they’re required to report a contingent liability on their financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Here are the basics. What are contingent liabilities? Operating a business comes with a Read more…
Insight
Risk Assessment: A Critical Part of the Audit Process
Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes during the risk assessment process — and how you can help facilitate the planning process. What Is Audit Risk? Every audit starts with assessing “audit risk.” This refers to the likelihood that the auditor will issue Read more…
Insight
FAQs About Prepaid Expenses
The concept of “matching” is one of the basic principles of accrual-basis accounting. It requires companies to match expenses (efforts) with revenues (accomplishments) whenever it’s reasonable or practical to do so. This concept applies when companies make advance payments for expenses that will benefit more than one accounting period. Here are some questions small business Read more…
Insight
The Art and Science of Goodwill Impairment Testing
Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to the company’s tangible assets, identifiable intangible assets, and liabilities. Periodically, companies must test goodwill for “impairment” — that is, whether Read more…
News
Sensiba Tax Client Announcement
Sensiba LLP is excited to announce that we will be utilizing two new and streamlined processes this year to collaborate with you on your tax return preparation and delivery. These award-winning solutions, TaxCaddy and SafeSend Returns, are transforming the way tax returns are completed and are a safe and easy way to collaborate throughout the Read more…
Insight
Close-Up on Pushdown Accounting for M&As
Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market to merge with or buy a business, you might not be aware of updated financial reporting guidance that took effect in November 2014. The changes like pushdown accounting, provide greater flexibility to post-M&A accounting. What Read more…
News
Tim Tikalsky Joins Sensiba
Sensiba expands team with veteran Bay Area accountant Pleasanton, CA – October 24, 2019 – Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce the addition of Tim Tikalsky to the Sensiba team. With years of experience in public accounting, Tikalsky has joined Sensiba after more than two decades at Read more…
News
Sensiba Partners with Wherefour
Pleasanton, Calif.— September 9, 2019 — Sensiba, a leading Northern California accounting and business consulting firm, is pleased to announce a partnership with Wherefour, the user-friendly and innovative cloud production, traceability, and inventory control software solution for food, beverage, and natural products manufacturing. This partnership will expand Sensiba’s consulting services and provide new and existing clients within the Read more…