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As a business owner or bookkeeper, you need accounting software that can keep up with your dynamic and evolving needs. QuickBooks, a leading name in…
Our Client Accounting Services team is pleased to offer crucial details to help you navigate the upcoming tax year. This 2024 Payroll Summary is a…
In today’s dynamic economic business landscape, harnessing the power of financial data is essential for informed decision-making. Your financial statements are not just a collection…
Complexity in construction accounting abounds due to unique requirements, processes, documents, and procedures. Projects often rely on various funding sources to cover expenses such as…
As we approach year-end, our Client Accounting Services team is pleased to provide you with important information to assist you in making necessary changes for…
Once again, it is time to provide information for the timely filing of 1099 forms. Our revised 1099 information collection spreadsheet can be downloaded here….
Eric Mangal, CPA
Technology and automation breakthroughs in recent years have made it easier than ever before to streamline business accounting practices. Our Client Accounting Services (CAS) team…
To simplify our quarterly payroll, sales, and mill tax form delivery process, Grimbleby Coleman will be implementing Suralink effective October 1, 2022. Suralink is an…
Dear Clients, To give you ample time and notice to submit important documents, we are sharing this helpful tool to help ensure that your required…
The year is coming to an end. Read below for 2022 payroll and 1099 information. Also enclosed is a summary quick reference guide. Deadline for…
We’ve all experienced the innumerable ways the pandemic has upended the way we work and conduct business. In accounting, that change is especially evident in…
Grimbleby Coleman Accountants & Advisors
November 15, 2021 Few businesses are continuously profitable year after year. In fact, according to the publication Small Business Trends, only 40 percent of small…
QuickBooks Online is one of the most comprehensive accounting software packages on the market, and it’s a great tool to keep your business running as…
Grimbleby Coleman CPAs, Inc. is pleased to announce our merger with local accounting firm, Ristau & Co., Inc. CPA’s! This merger strengthens Grimbleby Coleman CPA’s…
For many agriculture businesses, fixed assets represent the largest account on the balance sheet. Fixed assets are any physical items that are acquired by a…
If you are one of the millions of Americans who will receive the Advanced Child Tax Credit in a few weeks, you should also be…
Even if you think you have years to spare, it’s important to start planning for retirement now. What would you like your money to do…
As a business owner, you likely know how crucial it is to maintain a handle on your company’s finances. Like many multi-tasking owners, however, you…
Governor Gavin Newsom has signed Assembly Bill 80, to amend the law. This will bring conformity to the federal treatment of PPP loan forgiveness and…
What Are Fixed Assets? When accountants use the term “fixed asset,” they are referring to a physical asset that is acquired by a company and…
Martin Fox, CPA/ABV, CVA
WOW! There’s a lot to talk about in this week’s e-blast. We’ll start with the highlights, but for those of you who want the details,…
Martin Fox, CPA/ABV, CVA
What Changed? On March 3, the SBA announced a major change to PPP loans for self-employed individuals who file a Schedule C. They can now…
Tax refund fraud is a concern now, more than ever, with the onset of COVID and scammers working full-time. Often, victims become aware of fraud…
The 2020 tax preparation season is here! To accommodate the changes we have all experienced over the last year, some adjustments have been made to…
Martin Fox, CPA/ABV, CVA
If your business cash flow needs a boost to get you through the COVID-19 crisis, take another look at the Paycheck Protection Plan (PPP) loans….
The Employee Retention Tax Credit (ERC) is designed to help businesses affected by the Coronavirus Pandemic and provides a refundable payroll tax credit to companies…
Happy New Year, friends! I hope you enjoyed the holidays and that 2020 closed out on a high note. As you likely know (and hopefully…
Martin Fox, CPA/ABV, CVA
December 21, 2020 Santa came to town early today for many small businesses. Congress finally agreed to a COVID-relief bill that will put some much-needed…
December 22, 2020 To say this year has been out of the norm would, of course, be an understatement. This year has been filled with…
December 29, 2020 The year is coming to an end, and we want to provide information regarding changes for 2021. Also enclosed is a summary…
December 30, 2020 Much attention is currently focused on the federal stimulus bill that was enacted on December 27th and its provisions to activate another round…
Martin Fox, CPA/ABV, CVA
November 30, 2020 We have recently become aware of clients receiving solicitation emails about their PPP loans. Some business owners presumed these were official notices…
Martin Fox, CPA/ABV, CVA
November 19, 2020 The IRS issued a highly anticipated (and much needed) ruling today regarding the tax treatment of PPP loan forgiveness and the related…
November 17, 2020 Ag has been a key part of our practice from the very start — 47 years and “ac-counting”. We know ag because…
Grimbleby Coleman Advisors & Accountants
November 17, 2020 Construction is one of the most labor-intensive industries out there — and we’re not just talking about the hard work of building….
Martin Fox, CPA/ABV, CVA
September 2, 2020 We understand that many banks are beginning to contact PPP borrowers regarding their loan forgiveness applications. Some banks are encouraging borrowers to…
September 11, 2020 On September 8, 2020, an executive order was signed by President Trump to defer the withholding, deposit, and payment of certain payroll…
Martin Fox, CPA/ABV, CVA
September 10, 2020 We live in a world of scoreboard watchers. Go to any sporting event, and you’ll see massive scoreboards displaying all sorts of…
Martin Fox, CPA/ABV, CVA
September 10, 2020 We live in a world of scoreboard watchers. Go to any sporting event, and you’ll see massive scoreboards displaying all sorts of…
August 10, 2020 A short time ago, many of us would not have thought that our lives would essentially come to a screeching halt due…
Martin Fox, CPA/ABV, CVA
July 27, 2020 If you’re like most PPP borrowers, you’re anxious to apply for loan forgiveness with your bank. Here’s what we’ve heard from some…
Martin Fox, CPA/ABV, CVA
June 18, 2020 On Tuesday, June 16, the SBA released two new versions of the PPP Loan Forgiveness Applications, including an EZ version for certain…
Martin Fox, CPA/ABV, CVA
July 6, 2020 While all good things must come to an end, the Paycheck Protection Program (PPP) was just given a new life. On July…
June 12, 2020 Many of our clients are small and medium-sized California businesses, which means they are now required to provide their employees with access…
May 21, 2020 The US Department of Agriculture (USDA) recently announced more information on new direct payments to eligible farmers and ranchers through the Coronavirus…
Martin Fox, CPA/ABV, CVA
May 13, 2020 Over the past week or so, you may have heard various reports that the SBA was going to be reviewing PPP loans…
Martin Fox, CPA/ABV, CVA
May 5, 2020 Note: Please note that the following information reflects our understanding of the Treasury Department guidelines as of today, May 5th. Treasury continues…
Martin Fox, CPA/ABV, CVA
April 10, 2020 In one of our recent emails, we outlined various ways you can access cash for your business during these turbulent times. Starting…
April 6, 2020 The United States Department of Labor (DOL) has recently released the FFCRA which requires certain employers to provide paid sick leave and…
April 3, 2020 If you haven’t already heard, the IRS has released a revised W-4 that looks and feels much different than before. While the…
Martin Fox, CPA/ABV, CVA
April 1, 2020 We are in the throes of a crisis like none we have ever seen before. As people are hunkered down in their…
Martin Fox, CPA/ABV, CVA
March 4, 2020 How Much Is Enough? Break-even and Profit Analysis Do you know what your break-even point is? Your break-even point represents the number…
March 16, 2020 Dear friends and clients, Thank you for putting your trust in us to provide your tax and advisory services. These are rare…
March 19, 2020 U.S. Treasury Secretary Mnuchin announced on Tuesday, March 17, that there will be a 90-day extension for federal income tax payments due…
March 23, 2020 First of all, we hope this message finds you and your family in good health and spirits. We know how troubling and…
February 7, 2020 Avoid Individual Tax Penalties “Are you on track to meet your tax deadlines?” That question is one of the first things we…
The year is coming to an end, and we want to provide information regarding changes for 2020. You may also use this summary quick reference…
January 8, 2020 In March 2019, we released the article How to Seize the Opportunity of Opportunity Zones. In it, we outlined the exciting opportunities…
Accounting standards are continuing to change, and an upcoming change to lease accounting is a big one that lessees and lessors will definitely want to…