• 8%
  • more daily
    this year
  • 99%
  • of shipments
  • 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 > >

  • 11
  • Hotels open all day
    every day.
  • 11
  • Grandchildren with
    hotels in their future.
  • 2
  • Generations of trust
    in one CPA firm.

— Neal Khatri, CFO, Khatri Properties,
Grimbleby Coleman client since 1980.

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behind your numbers > >

  • 1.9
  • Million shiny happy cars a year
  • 100
  • Employees in this
    "pop and son" business
  • 1
  • Times a month Clive Grimbleby
    calls just to say, "How's business?"

— Evan Porges, Prime Shine Inc.,
Grimbleby Coleman client since 1998.

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

In Loving Memory of Galen Gray

With profound sadness we announce that Galen Gray, CPA, passed away on June 25 after a brief, yet valiant, battle against cancer. Galen was dedicated to public accounting and his clients for over 40 years - a true example of hard work, dedication and success. As client service manager, he provided tax and accounting services to many clients. He was a CSU Stanislaus alum and a member of the AICPA and the CAL Society of CPAs. Galen is deeply and dearly missed by his Grimbleby Coleman family and friends.

Featured Staff

Kiran enjoys building trust with her clients and exceeding their expectations in tax matters. She joined the Grimbleby Coleman team in 2015 after two years with a Bay Area firm specializing in international taxation and planning. She currently holds a Bachelor of Science in Business Administration with concentration in accounting from University of the Pacific. 

Outside of the office, Kiran tutors students in elementary to college level math and English. She also spends a lot of free time enjoying the company of her friends and family, traveling, and hiking. 

An interesting aside about Kiran, she spent 5 years of her life choreographing and teaching bhangra routines! For those of you who don't know, bhangra is a traditional Pubjab folk dance style. Although she no longer teaches, Kiran does love attending bhangra competitions and cultural shows. 

Her favorite number? "11- for no particular reason, I've just always liked this number ever since I was a young girl."

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