• 11
  • Age I started
    driving a tractor
  • 27
  • Age I started counting
    chickens - real and
    metaphorical
  • 100
  • Age I plan to still be
    fascinated with the
    business of agriculture

— Jeff Bowman, Shareholder,
Grimbleby Coleman employee since 2005.

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behind your numbers > >

  • 18736
  • miles of extruded
    products since 2005
  • 561
  • custom profiles to satisfy
    the demands of 226
    different customers
  • 4
  • quarterly meetings with
    a CPA firm that goes the
    extra mile

— Tom Peot, Fabricated Extrusion Company,
Grimbleby Coleman client since 2005.

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behind your numbers > >

  • 8%
  • more daily
    deliveries
    this year
  • 99%
  • of shipments
    delivered
    next-day
  • 100%
  • delighted with the
    business advice our
    CPA firm delivers

— Scott Blevins, Mountain Valley Express,
Grimbleby Coleman client since 1983.

Let’s find the story
behind your numbers > >

Featured Article

IC-DISC: the best choice for my Ag business?
June 18, 2015 The government's sea of acronyms is enough to make anyone bored, but there is one acronym worth getting excited about: IC-DISC. IC-DISC stands for Interest Charge-Domestic International Sales Corporation, and it can be an ideal option for growers, manufacturers, or food processors that export overseas.            Never heard of it? Don't worry - you can still reap the benefits. An IC-DISC is a corporation formed in the United States that gives special tax treatment on sales of, or commissions on, qualifying export products. IC-DISCs are not subject to federal tax on export income, which can save businesses substantial amounts of money over time.  This type of corporation has its roots in the early 1970s, when Congress enacted DISC legislation to help encourage the U.S. export trade and shore up the economy by encouraging companies to stay on American soil.  Done correctly, an IC-DISC is a corporation on paper only, making it easy to set up and maintain. And the benefits may be substantial, according to Nate Miller and Jeff Bowman, Grimbleby Coleman CPAs and Partners. "An IC-DISC may reduce your business' federal income tax," according to Miller. "In fact, you may save approximately 8 percent of your net export income."  A properly set up IC-DISC will allow your business to pay commissions to the IC-DISC based on your export income - potentially up to 50 percent. That commission is not taxable and is considered a tax deduction, which can cut your regular taxable income.  With an IC-DISC, you'll then receive cash back in the form of a dividend, which will also be taxed at a reduced rate. In short, you could save money all around.  "Many growers in the Valley export overseas," Miller says. "For those growers, it's important to set up an IC-DISC as soon as possible - unfortunately, the tax benefits are not retroactive, so the savings from the establishment of an IC-DISC come only after the corporation is formed."  You may set up an IC-DISC even if you have an established partnership, S corporation, or LLC; in those cases, the IC-DISC will act as a subsidiary. IC-DISCs are slightly more difficult to set up if your business is a C corporation, but the benefits are still worth the trouble. To setup an IC-DISC, Jeff Bowman, Ag Team lead, recommends beginning the paperwork in June, so it is completed by the start of the Fall harvest.  Establishing an IC-DISC is best left to a qualified certified public accountant. Our Grimbleby Coleman ag team has extensive experience helping growers and manufacturers save money through IC-DISCs. Please call Jeff Bowman or Nate Miller to learn more.

Featured News

Grimbleby Coleman to Support the Boys and Girls Club by Sponsoring "Battle of the Paddles 2015"

      

We are proud to announce our Team Level sponsorship of Battle of the Paddles 2015, an event in support of Stanislaus County youth, at 6 p.m. Oct. 9 at the Modesto Centre Plaza. Teams will go head-to-head in ping pong for championship bragging rights! Fun seekers can try their hand at darts, play a variety of competitive and non-competitive games and activities, or just enjoy artwork by the club's kids. Better yet, you could participate as a featured table or paddle sponsor! For more information about becoming a sponsor, view or download the PDF.

Featured Staff

Manoj joined Grimbleby Coleman as an Associate after four years in banking and 2 years in the transportation industry. In this role, he assists with tax planning engagements and business returns and greatly enjoys seeing his client relationships morph from professional to friendship. Manoj holds a Bachelor of Science in Business Administration with a concentration in accounting from California State University, Stanislaus. 

A long time Livingston, California resident, Manoj stays very active in his community. He's been involved with Livingston Rotary, was a Livingston Planning Commissioner, and a Livingston Medical Group board member. He also volunteers at the Livingston Guru Sikh Mission. "And I would like to get involved with other organizations in the future." 

In his free time, you might find Manoj traveling, enjoying time with his daughter, or relaxing with friends and family. 

His favorite number is 21. "My dad, brother and I were all born on the 21st." How's that for a coincidence? 

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