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What’s the story behind your numbers?

If you don’t know, call us.

People come to us to talk about numbers—taxes, savings plans, financial statements. But we always end up chatting about things like kids in college, plans for retirement, and exciting business ideas.

And that’s exactly how it should be. Whether we’re helping you get the numbers right on your tax plan, or find the right number for your revenue goal, we have you—a person with a story—in mind.

But we always bring it back to the numbers, making sure that your numbers tell the right story about you, and that they drive your story forward in the direction you want to go.

Contact us today.

We can help you with tax planning and preparation, business planning and advice, and HR support for businesses. We’d love to hear your story, and help you build upon it.

Call us at  (209) 527-4220 or send an e-mail to contactus@gccpas.net 

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Featured Article

IC-DISC: the best choice for my Ag business?
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

Deborah Baker Elected as Toastmaster's Director for District 33

Our Senior Experienced Associate, Deborah Baker, was recently elected as the Director for District 33 for Toastmasters. As the District 33 Director, Deborah will oversee 65 directors and 3,500 members in the regions of the Central Valley, Southern California, and Southern Nevada. Deborah says, "This new position feels like a gift from my Toastmaster community and I feel privileged to be able to share the gift of public speaking with others." Deborah is the first District Leader from Modesto since 2001. Congratulations Deborah!    

Featured Staff

Although you'd expect to see an accounting technician tucked away in a cubicle crunching numbers, that's not the case with Amanda. More often than not, she's offsite at the offices of her clients, helping them find easier, more efficient ways to keep track of the cash flow and giving them a better understanding of what the numbers represent. She joined Grimbleby Coleman in 2014 after serving as office manager and accounts receivable/payable with other organizations, bringing with her expertise in payroll, 1099s, QuickBooks, bookkeeping, financial statements, and more. 

When not helping clients, Amanda enjoys spending time with her son. He's a huge motocross fan, and they both enjoy watching his favorite rider, Ryan Villopoto, race on weekends during the summer. They also love going to Monterey and Pacific Grove to visit family. 

A little fun fact about Amanda, she studied ballet for nine years starting at the age of five (talk about dedication!). Although she no longer dances, Amanda is still a huge appreciator of the art, so don't be surprised if you bump into her at a Central West Ballet or San Francisco show during the Fall and Winter months. 

Amanda Cabral Accounting Technician read more

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