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…
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…
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…
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…
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…
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…
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…
Sensiba mourns the passing of one of their leaders Fresno, Calif., July 22 – It is with heartfelt sadness that we announce the passing of John Moffat, a leader of Sensiba’s Fresno office. John’s passing was sudden and unexpected on Saturday, July 6, at the age of 68. He leaves behind his wife, Jill Read more…
Sensiba, a leading Northern California-based accounting and business consulting firm, is delighted to announce that it has once again been named one of the top med-size companies by the Bay Area News Group for San Francisco Bay Area’s Top Workplaces of 2019. “Ranking among the top workplaces is a wonderful honor for the firm,” said Read more…
Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce that Bob Belshe has been appointed Audit Partner-in-Charge. Belshe has more than fifteen years of experience providing sophisticated accounting and management services to companies in the San Francisco/Silicon Valley Bay Area. He works extensively with venture-backed, emerging technology companies with an Read more…
Sensiba, a leading Northern California-based CPA and business-consulting firm, is proud to announce the promotion of P. Evan Stephens to Partner effective May 1, 2019. Mr. Stephens joined Sensiba in 2012 as a senior associate and grew his career within Sensiba. He is based in the Firm’s San Jose office and works extensively with the Read more…
Can financial reporting analysis really help your business grow? Absolutely! To employ a data-driven finance approach, CFOs need to move finance functions up the analytic value chain to offer more detailed analyses, better forecasting, and increasingly granular information on products, suppliers, customers, and more. In turn, their analyses inform the business, increase corporate agility, and point Read more…
Sensiba partners with Corporate Performance Management (CPM) software to expand cloud-based services Pleasanton, Calif.— February 14, 2019 — Sensiba, a leading accounting and business consulting firm, is pleased to announce a partnership with Limelight, a solution that seamlessly integrates with any ERP for real-time planning, forecasting, and reporting. The partnership will expand Sensiba’s technology offerings Read more…
Sensiba named among the top firms with excellent client service Pleasanton, Calif., February 7, 2019 – Sensiba, a leading Northern California-based accounting and business consulting firm, is pleased to announce that it has won ClearlyRated’s 2019 Best of Accounting™ Award for providing excellent client service to their clients for a third year in a row. Read more…
January is here, and that means that the highly anticipated accounting changes to revenue recognition have become effective. This new guidance, formally referred to as Revenue from Contracts with Customers (ASC Topic 606), will have a significant impact on virtually every business in every industry across the United States. As with all major changes to Read more…
Sensiba Mourns the Passing of its Founder PLEASANTON, CA, October 11, 2018 — It is with heartfelt sadness that Sensiba LLP announce the passing of founder Steve San Filippo. Steve’s sudden and unexpected passing happened on the morning of Tuesday, October 9, 2018. He was 67. He leaves behind his wife, Julie, and his three children, Marisa, Read more…
PLEASANTON, CA, September 17, 2018 — Sensiba, a leading Northern California-based accounting and business consulting firm, has been named one of the Greater Bay Area’s Healthiest Employers by Healthiest Employers.com for the eighth year in a row. The 2018 Healthiest Employer winners were selected based on factors contributing to the health of its employees. Sensiba was one 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…