Pleasanton, Calif., October 8, 2021 – Sensiba, a leading Northern California-based CPA and business consulting firm, is extremely proud to announce that Director of Marketing and Sustainability, Jennifer Cantero has joined the 2021 Class of Influential Women in Bay Area Business. The San Francisco Business Times’ annual Most Influential Women in Business publication celebrates the Read more…
One of the many determinations companies need to make as they implement ASC 842, the new lease accounting standard, is calculating the appropriate discount rate for their leases. For lessees, selecting and estimating the discount rate will have an impact on the lease liability and right of use asset (ROU) on the organization’s balance sheet. Read more…
Sensiba recognized for its commitment to social, environmental, and corporate governance. Pleasanton, CA, August 19th – Sensiba, a leading Northern California-based accounting and business consulting firm, is honored to be recognized by CREW Silicon Valley with a Community Impact Award. “Being recognized for our push toward equitable social and environmental policies is an honor,” said John Sensiba, Read more…
Get Prepared for ASC 842 Lease Accounting Standard Private companies and nonprofits will soon be subject to the ASC 842 lease accounting standard. Adopting this standard is effective for annual reporting periods ending after December 15, 2021. For calendar year-end companies, the effective date is January 1, 2022. For companies with a fiscal year-end, the Read more…
Many types of businesses — such as homebuilders and manufacturers — turn raw materials into finished products for customers. Production is a continuous process. So, any work that’s been started but isn’t yet completed before the end of the accounting period is reported as work in progress (WIP) under U.S. Generally Accepted Accounting Principles (GAAP). Read more…
PLEASANTON, Calif. (May 5, 2021) – Sensiba, a leading San Francisco Bay Area accounting and business consulting firm, announces the appointment of Practice Leader, Tom Crotty to expand the firm’s Family Office Practice. “Family Office is one of the fastest growing segments in the world, yet over 70% of families dissipate their wealth by the Read more…
Pleasanton, CA, May 1 – Sensiba is pleased to announce the promotion of Jacqueline Fader and Jessica Mendiola to Equity Partners effective May 1, 2021. Fader began her career at Sensiba in 2010 as an Associate, spent a year at EY, and then rejoined Sensiba in 2014. She works extensively with Venture Capital firms along with venture-backed Read more…
Sensiba Partner appointed to the Morison KSi North America Board of Directors Pleasanton, CA – March 25, 2021 – Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce that Sensiba Tax Partner, Evan Stephens, has been appointed to the Board of Directors for Morison KSi North America. Morison KSi is Read more…
The U.S. Supreme Court decision in South Dakota v. Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. However, it may have had a grander impact than you realized. Could Wayfair have also impacted how you manage your state income tax obligations? Sales Tax Perspective To be required Read more…
When the shelter-in-place order was instituted a year ago, Sensiba was well-positioned to quickly pivot to working remotely. The past year has proven we can make that work successfully on a much larger scale without sacrificing our commitment to serving you. With our lease coming up for renewal in San Francisco this year, we have Read more…
Dear Friends, This past year has tested every facet of our lives — our health, ingenuity, resilience, routines, and, quite frankly, our patience. It’s challenged businesses in a way like never before, and we, like many of you, were forced to adapt to this drastically different world. While it’s easy to fixate on 2020’s many Read more…
Imagine you’re driving on the freeway. You’re maintaining the speed limit, abiding by all traffic laws, going about your typical morning commute. A flashy red sports car suddenly appears in your rearview mirror, tailgating inches from your bumper. After several seconds the car swerves to the other lane and immediately proceeds to bolt in front Read more…
Sensiba ranked among top Accounting Firms for consistently earning industry-leading client satisfaction scores for five consecutive years Pleasanton, CA — February 2, 2021 – Sensiba, a leading Northern California-based accounting and business consulting firm, is honored to announce its place among selected recipients of the Best of Accounting Diamond Award. ClearlyRated’s Best of Accounting Diamond Read more…
Sensiba, a leading Northern California-based accounting and business consulting firm, is honored to announce its place among selected recipients of the Top Workplace USA award. Top Workplace recognizes organizations with exceptional employee engagement, and Sensiba is delighted to receive this distinction. Being recognized among the Top Workplaces on the national level is validation that Sensiba Read more…
Businesses and not-for-profit entities capitalize on machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to properly report these long-lived assets under U.S. Generally Accepted Accounting Principles (GAAP). What’s included in book value? PPE is reported on the balance sheet Read more…