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Newsroom2012 Additional Rates & LimitsFiled under: Industry News, Newsroom To assist our clients in gearing up for 2012, we have provided a list of rates and limits for 2012. This is the second installation of important rates, limits and changes that you should be aware of. Threshold for Federal Payroll Tax Deposits: The requirements remain the same. If you owe $2,500 or less in [...] IRS Suspends e-File Operations for 990 FilersFiled under: Industry News, Newsroom The IRS has notified exempt organizations who file Forms 990, 990 EZ, 990-PF and 1120-POL that their electronic filing system (MEF) is undergoing upgrades and will be unavailable from January 1, 2012 though February 29, 2012. The 990-N e-postcard filing system will not be affected by the temporary suspension of the MEF system. The IRS [...] 2012 Payroll Rates & LimitsFiled under: Firm News, Newsroom To assist our clients in gearing up for 2012, we have provided a list of rates and limits for 2012. This is the first installation of important rates, limits and changes that you should be aware of. Please check back regularly for additional information. SOCIAL SECURITY AND MEDICARE: The “Payroll Tax Holiday” is still in [...] Changes to Individual & Business Tax LawsFiled under: Industry News, Newsroom Check out the spring issue of Coastal Grower for an in-depth article on the changes to Personal Tax and Business Tax Laws, written by Gina Andersen, CPA and partner in charge of our Tax Department. To view a PDF of the article, please click the link below. Click here for a pdf copy of the [...] Hayashi & Wayland Acquires Snyder Accountancy FirmFiled under: Firm News, Newsroom Hayashi & Wayland Accounting & Consulting, LLP, announced today the acquisition of Snyder Accountancy, a full service public accounting firm headquartered in Monterey, CA, with a satellite office in Salinas, CA. “From the beginning, what most impressed us were the reputation of Snyder Accountancy and the high level of integrity that David [David M. Snyder, Founder [...] Youth to Benefit From $6 Million Salinas Sports VenueFiled under: Firm News, Newsroom Visionaries who imagined a youth-centered $6 million stadium in the future of the Salinas Sports Complex are now seeing their hopes take shape. For one, design of the facility has been completed. For another, money has begun to flow in. “It’s hard to raise money during these times, but when it’s money for the community’s [...] New Leasing Proposal Draws HeatTagged as: FASB, IASB, Lease Accounting, Salinas California The lease accounting debate rages on as the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) pore over nearly 800 public comment letters that question proposed new leasing standards. Board officials hit the conference circuit last month to answer detractors, clarify the exposure drafts they released to the public in August [...] Giving is Receiving at Year-EndFiled under: Industry News, Newsroom Is charitable giving part of your tax strategy? Have you donated money, time or items to charitable organizations over the past year? If so, it will interest you to know that you may be able to take deductions on your 2011 individual tax return for your donations. As the end of 2011 quickly approaches, we [...] Key Accounting PronouncementsFiled under: Industry News, Newsroom There have been several new accounting pronouncements issued over the last few months. To keep clients updated we have provided a summary of the key pronouncements below. Please click the pronouncement you would like to learn more about from the list below: Intangibles – Goodwill and Other Topics Comprehensive Income Fair Value Measurement Amendments Measurement [...] New Corporation Type Benefits Social EntrepreneursFiled under: Industry News, Newsroom On October 11, 2011 something exciting happened in California – Governor Brown signed into law what was Assembly Bill 361, putting into place a new form of corporate entity: the Benefit Corporation. Traditional corporations are legally bound to put profit maximization ahead of other goals. If they don’t, shareholders may sue. Benefit corporations operate under [...] |
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