Pleasanton, CA, May 1, 2022 – Sensiba, a leading CPA and business-consulting firm, is proud to announce the promotion of Justin Scripps to Partner effective May 1, 2022. Mr. Scripps joined Sensiba in 2010 as an Audit Associate and grew his career within Sensiba. He works extensively with the Firm’s construction and manufacturing & distribution Read more…
The corporate scandals of Enron, WorldCom, and Tyco in the early 2000s have forever changed how management and investors view risk management programs. Circumventing controls and exposing a business to increased risk is a recipe for disaster that could result in reputational damage. Despite management’s good faith efforts to implement comprehensive risk assessments and mitigation Read more…
In this blog post, we will explain what SOX is and how your business can be compliant. We’ll also provide some resources to help you get started. What is SOX? Since signed into law in 2002, Sarbanes-Oxley (SOX) compliance has become one of the most historically significant reforms to U.S. security legislation. To increase transparency and create Read more…
There are many reasons why a person may choose to work at one company over another. From casual dress codes, unlimited vacation days, and remote work opportunities, today’s job perks run the gamut. But one employee incentive undoubtedly takes the cake regarding recruitment and retention power — equity. What is Equity in a Company? Simply Read more…
One of the most overlooked (and fascinating) industries that should be taking advantage of the Research & Development tax credit is food and beverage. Whether it’s a manufacturer of finished food products, an ingredient or flavor developer, or even brewing and distilling, there is usually a lot of interesting research and development. What Is the R&D Read more…
It’s no surprise that the long-awaited changes to lease accounting standards have caused quite the ruckus in recent years, particularly as businesses scramble to understand and implement the complex new rules. In addition to understanding the new rule’s impact on an operational level, it’s also important for businesses to prepare for the various tax implications Read more…
Access our professional-crafted First Year SOX Compliance Checklist and Guide. Achieve compliance, reduce fraud risks, and streamline processes.
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has made it easier to engage with other businesses. But if your business gets involved in Read more…
Since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, individuals who itemize their federal tax deductions have been limited to a $10,000 deduction for state and local income taxes (“state taxes”). This has impacted taxpayers in high tax states like Oregon. What is a Pass-Through Entity Elective Tax (PTE-E) A pass-through Read more…
New standards have been released for reporting on financial statements of employee benefit plans (EBP). The changes are intended to enhance the quality and transparency of ERISA plans for both the participants and reporting agencies (i.e. ERISA, DOL, etc.) by prescribing certain audit procedures. Under the new standard, “limited-scope” audits will now be referred to Read more…
What is a Net Operating Loss (NOL) Carry Forward and Carry Back? A net operating loss (NOL) occurs when your deductions for the year are more than your gross income. An NOL year is the year in which an NOL occurs. You can use an NOL by deducting it from your income in another year Read more…
Since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, individuals who itemize their federal tax deductions have been limited to a $10,000 deduction for state and local income taxes (“state taxes”). This has impacted taxpayers in high tax states such as California, New Jersey, and New York. California’s Elective Pass-Through Entity Read more…
Sensiba, one of the region’s top 20 accounting firms, announced today the expansion of its BlackLine implementation capabilities and the move from Alliances Partner to a BlackLine Gold Solution Provider. Together, Sensiba and BlackLine will help mid-market companies transform their existing finance and accounting (F&A) departments into true modern accounting organizations, with Sensiba adding BlackLine’s cloud-based financial close Read more…
Are you looking to have a business valuation or learn more about what they entail? We’ve got you covered. Below is our guide to business valuations: why you need them, what the process is like, what the benefits are, and how to get started. What is Business Valuation? A business valuation is a process used Read more…
With the generous tax benefits available to taxpayers investing capital gains in Opportunity Zones, real estate-focused businesses and investors should consider immediate action. The opportunity for long-term tax benefits combined with potentially significant returns from appreciated real estate appears unparalleled and, if properly structured and managed, could give rise to greater tax savings than traditional Read more…
In a survey that asked 2,300 organizations about their month-end close, the bottom 25% needed 10+ days to finish, while the top 25% needed five days or less. So, where do you fit on that spectrum? No matter what position you occupy, every accountant wants (and probably needs) to improve the time and labor-intensive close Read more…
A couple of decades ago, most business owners would argue that social responsibility had little to do with the mission of a business. Today, however, we are witnessing a movement of companies using their corporate success as a tool for social and environmental change. One big indicator of this movement is an increase in companies Read more…