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Our Free "Quickbooks Jam Sessions" Start on January 21st!

We just completed our first year of Quickbook Jam Sessions and the feedback was so positive we've decided to do it again!  This year we are opening up the informative (and fun!)Quickbooks series to any bookkeeper or business owner in our community, client or not! The first session is Thursday, January 21st and will take place the third Thursday of each month throughout 2016. Each session will be held from 12:00PM-1:30PM and includes a delicious lunch on us.
 
The program is led by Tami Davis, Core Accounting Services Supervisor, and co-led by Karen Sanders, Accounting Technician and Quickbooks Pro Advisor. The sessions were started by Linda Bossard, EA and USTCP, to help teach our clients and their bookkeepers how to properly utilize Quickbooks protocols and tools.  
"After years of sorting through our client Quickbooks accounts I've learned that without a general understanding of the program there will inevitably be a big mess to reconcile at the end of the year," mentions Linda Bossard. "We are looking to save our clients time, money and headaches by providing useful tools and training." 
 
"The Quickbooks sessions have been extremely helpful, and provided our bookkeeper with a much firmer grasp on Quickbooks operational capabilities," says Julie Hutchings, Founder and CEO of TeleContact Resource Services. "The personal accessibility and in-person meetings are particularly helpful and have improved the learning curve tremendously."  
Each session is a stand-alone session, so if you miss one you don't necessarily have to start back at square one. Space is limited to our first 15 sign ups. Please contact Linda Bossard or 209-527-4220 for more information.

2015 Spirit of Giving Jingle Bell Run and Walk

As part of our Healthy Makes Cent$ initiative, Grimbleby Coleman participated in this year's Spirit of Giving Jingle Bell Run and Walk which supported the City of Modesto Parks, Recreation and Neighborhoods Department’s Leisure Bucks Program, helping underprivileged youth, seniors and persons with disabilities afford local recreation programs. This run also benefits the Modesto Gospel Mission, providing nutritious meals, warm beds, and a place of safety for thousands of poor and homeless men, women, boys and girls.

 

 

Tree and Vine Expo 2015

Located at the Stanislaus County Fairgrounds, the Tree and Vine expo provides walnut, almond, and wine grape growers with an array of educational opportunities, vendors, networking, and entertainment. Stop by and visit our Ag team during this year's Expo.

For more information on this event, please visit Tree and Vine Expo

2015 Year-End Tax Planning

We are pleased to offer Wolters Kluwer/CCH’s “2015 Year-End Tax Planning” publication which provides the opportunity for taxpayers to review the activities of the past year, as well as leverage tax planning techniques as they relate to new developments.

For the publication, please click here.

Featured Article

How to Let Your Money Live on With a Charitable Remainder Trust
If you would like your money to continue to help others after you pass, it's time to start thinking about your estate's philanthropic capacity - and planning for its future.   Many of our clients proactively plan for the future by setting up a charitable remainder trust (CRT).  Charitable trusts allow you to make substantial gifts to a favorite charitable organization without giving up all rights over the property. Charitable trusts are an exception to the general rule that you can't claim a current tax deduction by making a limited or postponed gift. Through a charitable trust, you can make an irrevocable future gift to a charity and still claim a current income tax deduction. "Making the decision to establish a CRT should not be taken lightly, due to the initial legal fees and required annual accounting fees, but there are plenty of benefits for the right person," Principal and CPA Colleen Meenk says. "I've seen clients with modest means as well as extremely wealthy clients benefit from establishing a CRT. Almost always, there is stock or another type of investment property involved in the trust."   Who is a good candidate for a CRT? Consider establishing a CRT if you're charitably minded and have an asset that has appreciated significantly that would result in burdensome taxes if sold. For example, let's say you hold stock in a company and the value of the stock goes through the roof. If you sell that stock, there would be considerable  savings if contributed to a CRT first. A CRT would sell the stock and you would be taxed only on the income stream received.   If you're considering a CRT, think about your own life expectancy and your assets. Will they continue to grow? You'll be able to use the cash a CRT provides while you're living, but whatever amount remains in the trust after your death will go to charity.   "We caution our clients that a charitable trust does not work for everybody," Meenk says. "To be successful, this has to be the right person with an identifiable asset of significant value."    Why a CRT instead of a standard philanthropic donation? A CRT allows you to retain the right to an income stream. You won't pay capital gain taxes as you would if you took the earnings from the major asset's sale; rather, you'll be taxed a smaller percentage over the years, avoiding the immediate tax hit. The structure of a CRT also benefits the organization you want to support: It can lead to a larger donation, which will allow you to do more long-term, meaningful good.   How do you set up a CRT? Review the asset with your accountant as part of your estate and charitable giving plan. Your accountant will model and calculate your CRT based on your asset's long-term and current market value; this financial modeling will help you better understand the financial implications of a CRT. Your attorney will draft the trust agreement. Your asset must be funded, and then sold, by the end of the calendar year. Interested in donating to your university or a small non-profit? Most colleges or universities have a dedicated endowment staff that are well versed in CRT calculations and can help with advance planning. Of course, don't forget to run those projections by your accountant and financial advisor! Smaller, local charities are typically less equipped to plan and implement a CRT. It's best to get a professional opinion early on in this situation.   How is the CRT filed with the IRS? The CRT is filed on its own return each year, referred to as a Split Interest Trust, with its own K1 reporting the income stream distributed, which is then included in your individual return.   To learn more about the CRT guidelines, check out the IRS website. It would be our pleasure to help you set up your CRT. We're happy to explain the pros, cons, and long-term commitment. Please give Colleen or your CPA a call or email.  

Featured News

Our Free "Quickbooks Jam Sessions" Start on January 21st!
We just completed our first year of Quickbook Jam Sessions and the feedback was so positive we've decided to do it again!  This year we are opening up the informative (and fun!)Quickbooks series to any bookkeeper or business owner in our community, client or not! The first session is Thursday, January 21st and will take place the third Thursday of each month throughout 2016. Each session will be held from 12:00PM-1:30PM and includes a delicious lunch on us.
 
The program is led by Tami Davis, Core Accounting Services Supervisor, and co-led by Karen Sanders, Accounting Technician and Quickbooks Pro Advisor. The sessions were started by Linda Bossard, EA and USTCP, to help teach our clients and their bookkeepers how to properly utilize Quickbooks protocols and tools.  
"After years of sorting through our client Quickbooks accounts I've learned that without a general understanding of the program there will inevitably be a big mess to reconcile at the end of the year," mentions Linda Bossard. "We are looking to save our clients time, money and headaches by providing useful tools and training." 
 
"The Quickbooks sessions have been extremely helpful, and provided our bookkeeper with a much firmer grasp on Quickbooks operational capabilities," says Julie Hutchings, Founder and CEO of TeleContact Resource Services. "The personal accessibility and in-person meetings are particularly helpful and have improved the learning curve tremendously."  
Each session is a stand-alone session, so if you miss one you don't necessarily have to start back at square one. Space is limited to our first 15 sign ups. Please contact Linda Bossard or 209-527-4220 for more information.

Featured Staff

Karlha joins the Grimbleby Coleman team with over 15 years of extensive experience in creative direction, strategic marketing, branding, design management, project management, and client services in the public, non-profit, education and private sectors. The best way to describe Karlha is simply this: she's a doer. Karlha leads all of the firms advertising, public relations, special events, branding, social media, collateral and marketing materials.

Karlha admires, Cesar Chavez, for his commitment to community and "Si Se Puede!" attitude! She believes that anything is possible with hard work and determination.  Karlha serves on a number non-profit boards and committees including, Murals in Motown, Modesto Neighborhoods and the Modesto Downtown Partnership.  Community service fuels her heart and you can always find her volunteering for a good cause!

During her free time, Karlha enjoys riding her cruiser bike on the Virginia Corridor with husband, Nathan and young daughter Kaylah. They also enjoy monthly trips to the beach and woods!

Her favorite number is 41, because both her husband and daughter were born on April Fools Day!

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