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Chad Van Houten to serve as President of the San Joaquin Chapter of CalCPA

        

Recently, Tax Manager Chad Van Houten was inducted as President of the San Joaquin Chapter of Certified Public Accountants for the 2015-2016 year.  Chad will be succeeding Natalya A. Galindo, a CPA with E. & J. Gallo Winery. The CalCPA San Joaquin Chapter has over 800 members in Calaveras, Mariposa, Merced, Mono, San Joaquin, Stanislaus and Tuolumne counties and offers services such as business consulting, personal financial planning, tax and estate planning in our local region. Prior to taking the helm as President, Chad served as the Vice President. Congratulations to Chad, we are very proud!  

Lemonade Day in Modesto

 May 8, 2015

Lemonade Day returns to the Modesto region on Saturday, May 16th!  Grimbleby Coleman is proud to sponsor Lemonade Day Modesto, a program designed to educate local children about finances, goal setting and entrepreneurship in a fun atmosphere. This program sponsors children as they set-up their customized lemonade stands and run their own miniature business. Please be sure to visit a stand near you and help to support Modesto's future entrepreneurs! Stand locations can be found on the Lemonade Day Modesto website.

Members of our firm also attended the May 2nd, Lemonade Day Best Tasting Contest, in which local youth contestants presented their best lemonade recipes to a panel of judges. For more information on this citywide event, please click here.

Growing Tulips with Women in Agriculture!

       

On March 26th, Linda Bossard, EA and USTCP and Lisa Mazza, Partner and CPA, attended the Women in Agriculture for Mentoring and Empowerment mixer at Dutch Hollow Farms in Modesto. The ladies were hosted by Farmer John, who presented information about growing tulips. We enjoy supporting our ag clients by participating in California women's agriculture events here in Stanislaus County. 

IMA Student Night at CSU Stanislaus

      

On March 19th, members of the Grimbleby Coleman team attended the Cal State Stanislaus IMA Association of Accountants and Financial Professionals in Business (IMA) Annual Student Night. IMA invests in local accounting students by allowing networking with business professionals.  Our own Javier Padilla, CPA participated in the panel along with representatives from Gallo Winery, Rolling F Credit Union and Primerica.  Accounting students from local junior colleges and four year institutions asked the panel questions about their career paths as well as positives and negatives of the profession. Firm Administrator, Jane Johnson, MBA as well as CPAs Cynthia Guerrero (and Javier, of course), EA Daniel Currie and Accountant Manoj Bains attended. 

Featured Article

Our Recommended Top 3 Education Tax Credits
May 8, 2015           These days, it's not just doctors and lawyers who are saddled with years of college debt. The average American college student graduates owing $28,400, according to the Institute for College Access and Success. How can recent college graduates possibly get ahead when they owe so much?  The government has a vested interest in keeping student debt low, and it has designed several tax incentives that can help keep expenses to a minimum. Read on to find out which one might be right for you or your family.  * The American Opportunity Tax Credit pays up to $2,500 per college student. Here's how it works: If your household makes less than $90,000 per year (or $180,000 if filing jointly), the government will credit the first $2,000 of your student's expenses and 25 percent of the next $2,000. The $2,500 credit is tax-free, too. The American Opportunity Tax Credit is the best option for many families, and it can be claimed for four years of schooling.  * The Qualified Tuition Program, or 529 plan, is ideal for people who are saving for college in advance. Parents or grandparents may contribute to - or even pre-pay - a student's education expenses. Here's the catch: The QTP is available only through eligible institutions, and students must be enrolled at least half-time to qualify. This option is also ideal for households that earn more than $180,000 and have the means to save money on a regular basis.  * The Lifetime Learning Credit is perfect for households earning less than $127,000 jointly (or $64,000 for single filers). You may be credited $2,000 per return, and you can claim the credit for as long as you or your student is in school. The Lifetime Learning Credit may also be applied to courses to acquire or improve job skills.  Three important additional reminders!  IRAs can be withdrawn without penalty if used for education Series EE or I bonds qualify for interest income exclusion Interest paid on student loans is tax deductible!  Let the experienced accountants at Grimbleby Coleman help you find the solution that works best for you and your family. Call us today to begin planning your college payment strategy.  To learn more about the American Opportunity Tax Credit, Qualified Tuition Program or the Lifetime Learning Credit, please visit the IRS website. 

Featured News

IMA Student Night at CSU Stanislaus
      

On March 19th, members of the Grimbleby Coleman team attended the Cal State Stanislaus IMA Association of Accountants and Financial Professionals in Business (IMA) Annual Student Night. IMA invests in local accounting students by allowing networking with business professionals.  Our own Javier Padilla, CPA participated in the panel along with representatives from Gallo Winery, Rolling F Credit Union and Primerica.  Accounting students from local junior colleges and four year institutions asked the panel questions about their career paths as well as positives and negatives of the profession. Firm Administrator, Jane Johnson, MBA as well as CPAs Cynthia Guerrero (and Javier, of course), EA Daniel Currie and Accountant Manoj Bains attended. 

Featured Staff

Ian serves as a lead client contact focused on attest services. He applies his international perspective gleaned from working with clients from multiple industries including utilities, technology, pharmaceuticals, retail and not for profit. Although Ian initially started out as a marketing major at Cal Poly’s Orfalea College of Business, he later switched to the accounting program to gain more insights into how businesses run.

Ian is a Modesto native but spent seven years with PWC (PriceWaterhouseCoopers) – starting as an intern in San Jose, then joining the firm’s LA office before eventually transferring to their offices in first Edinburgh and later Aberdeen, Scotland.

While abroad, Ian and his wife Jessica found time to travel throughout Europe, including a 3,000 mile camping trip through France and Italy with their 5-month old son. Ian "considers Edinburgh one of his favorite places in the world, despite the high cost of living in the UK." He highly recommends traveling there, especially during the festivals in August.   

Ian would like to spend his Saturdays in June with his young family enjoying the ocean either in Carmel or Pismo Beach. By October, he’s likely to be headed to Big Sur for a camping trip. When January rolls around, Ian will no doubt be yearning to put his season pass to use snowboarding at Dodge Ridge.

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