Gilbert Announces New Strategic Planning Service
Gilbert Associates is very pleased to announce an exciting partnership with The Weiss Group to provide our clients with strategic planning and related services as part of our growing advisory […]
Keep Your Retirement Plan SIMPLE
Are you thinking about starting a retirement plan for your business? Take a look at a SIMPLE (Savings Incentive Match Plan for Employees of Small Employers) IRA. A SIMPLE IRA […]
IRS News: Filing Season Update on IP PINs
The IRS has issued a statement that taxpayers are erroneously receiving Identity Protection Personal Identification Number (IP PIN) letters with an incorrect year listed (2014). This information is only applicable to […]
Gilbert Associates Names Tenth Shareholder
Effective January 1, 2016, Keith R. Glen, CPA has been named as the tenth Shareholder at Gilbert Associates, Inc. Keith, a graduate of California State University Sacramento, specializes in tax consulting […]
Understand the Wash Sale Rule
In the case of any loss claimed to have been sustained… Those are the first words of Internal Revenue Code Section 1091, which you may know as the wash sale rule. […]
7 Last-Minute Tax-Saving Tips
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability — you just must act by December 31: Pay your […]
Estimate Your Tax Liability Before Year-End
Under current pay-as-you-go federal income tax rules, you’re generally required to pay taxes as you earn the related income. Failing to pay the correct amount can result in a penalty […]
Sample Capitalization Policy
Please note: If your business has audited financial statements you may use this policy. If your business does not have audited financial statements you will need to replace the $5,000 amounts with […]
IRS Raises Tangible Property Expensing Threshold to $2,500
On November 24, 2015, the IRS issued notice 2015-82 which will help to simplify the tracking and record keeping requirements for small businesses by raising the safe harbor threshold for […]
Does Your Board Understand Budget-Speak?
Although budget approval is one of the more important roles played by a nonprofit’s board of directors, not every board member is a savvy businessperson used to budget work. At […]