In July, the (PCAOB) published two guides to help clarify a new rule that requires auditors of public companies to disclose critical audit matters (CAMs) in their audit reports. The rule represents a major change to the brief pass-fail auditor reports that have been in place for decades. One PCAOB guide is intended for investors, Read more…
Sensiba Audit Partner appointed as Kidney Walk Chair for second year Pleasanton, CA, August 9, 2018 – Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce Audit Partner, Frank Balestreri, has been appointed as Chair of the 2019 East Bay Kidney Walk. The East Bay chapter of the Kidney Walk Read more…
Sensiba honored for the firm’s commitment to the community Pleasanton, CA, August 6, 2018 – Sensiba LLP, a leading Northern California-based accounting and business consulting firm, is pleased to announce it has been honored with the California Society of CPAs Public Service Award. “It is a special honor to be recognized by our industry peers Read more…
With the new tax laws and the market doing especially well the past couple of years, donating appreciated investments provides a great way to support a cause close to your hearts with the bonus of some nice tax advantages. A total win-win! What qualifies as a charitable donation? Many nonprofits accept gifts of stock/securities. To be Read more…
Sensiba expands team with veteran Fresno accountant Pleasanton, CA, July 13, 2018 – Sensiba LLP , a leading Northern California-based accounting and business consulting firm, is pleased to announce the addition of Jodie Rolih to the Sensiba team. With over 23 years of experience in public accounting, Rolih has joined Sensiba from her most recent Read more…
Monic Ramirez Brings Over 15 Years in Business Management and Tax Accounting Pleasanton, CA, June 22, 2018 – Sensiba LLP, a leading Northern California-based accounting and business consulting firm, is pleased to announce that Monic Ramirez has been appointed Tax Partner-in-Charge. Monic succeeds Bill Norwalk who served for a very successful multi-year stint in the role. Ramirez Read more…
Pleasanton, Calif., June 7 – Sensiba LLP, a leading Northern California-based CPA and business-consulting firm, is extremely proud to announce that Experienced Tax Associate, Mary Cao, has been awarded the 2017 Elijah Watt Sells Award. The Elijah Watt Sells Award program was established by the American Institute of Certified Public Accountants (AICPA) in 1923 to Read more…
Sensiba becomes first California accounting firm to attain B Corp status Pleasanton, Calif., May 23, 2018 – Sensiba LLP, a leading Northern California-based CPA and business-consulting firm, is proud to announce it has become the first accounting firm in California to achieve B Corp certification. This designation places Sensiba among a vetted group of companies Read more…
Sensiba LLP, a leading Northern California-based CPA and business-consulting firm, is proud to announce the promotion of Suki Mann and Brandon Scripps to Partner effective May 1, 2018. Ms. Mann joined Sensiba in 2006 as an associate and grew her career within Sensiba. She is based in the Firm’s Pleasanton office and leads the Firm’s Read more…
The Craft Beverage Modernization and Tax Reform Act has brought some bright news for producers of craft beer, wine and spirits. Beginning in tax year 2018, excise taxes will be substantially reduced, resulting in some pretty hefty tax savings for many of America’s beverage producers. What is Excise Tax? An excise tax is an indirect Read more…
Auditors must test the effectiveness of internal controls before signing off on your financial statements. But it’s impossible to analyze every transaction that’s posted to the general ledger, due to time and budget constraints. Instead, auditors select and analyze a representative sample of transactions to make assertions about the entire population. Here’s more on how Read more…
Classifying workers as independent contractors — rather than employees — can save businesses money and provide other benefits. But the IRS is on the lookout for businesses that do this improperly to avoid taxes and employee benefit obligations. To find out how the IRS will classify a particular worker, businesses can file optional IRS Form Read more…
In December of 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. As a result, many Americans have questions about how the new tax laws are going to affect real estate and their personal income tax. Below is a summary of the real estate tax reform. Mortgage Interest – $750K Limitation Read more…
We’ve heard a lot about tax reform in the New Year, and as investors anxiously await delivery of their K-1 and complete tax filings, one question might still be lingering —what exactly are the effects of tax reform on Venture Capital Funds and investors? Below are a few key points of tax reform that are Read more…
Morison KSi has maintained its ranking as the 9th largest association in the International Accounting Bulletin (IAB) World Survey 2018 Morison KSi has reported a combined fee income of US$1,089.0m, an impressive 9% increase on last year’s figure, and has been ranked the 9th largest association for the second year in a row. The International Accounting Bulletin (IAB) is Read more…
Sensiba named among the top firms with excellent client service Sensiba LLP, a leading Northern California-based accounting and business consulting firm, is pleased to announce that it has won Inavero’s Best of Accounting Award for providing excellent client service to their clients for a second year in a row. The Best of Accounting Award winners Read more…
Now that the Tax Cuts and Jobs Act has officially been passed, it’s time to start thinking about how these tax changes will affect taxpayers. Below is a brief overview of what’s in the tax bill and how individual taxpayers may be affected by the changes. It’s important to note that although these changes go Read more…
As your family grows, your estate matures, and your assets become more substantial, it’s probably time to start thinking about an estate and trust plan. Estate and trust planning is a crucial step for those looking to ensure that their assets are distributed when and how they wish. Need more convincing? Here is our Top Read more…
It can often feel like accounting is its own language. With so many phrases, acronyms, and organizations to recognize, we have created a cheat sheet for the 40 most commonly used accounting phrases worth knowing. 1. Debit: An accounting entry to record a transaction where there is either an increase in assets and expenses or Read more…
In today’s start-up culture, it’s common for companies to offer employees the opportunity to own stock in the business. Employee stock options are a great way to boost engagement, attract employees and retain top talent. While most folks know the basic benefits of receiving stock, many employees are taken off guard by the tax implications Read more…