Videos

Big Changes Coming to Lease Accounting for Ag Businesses by Doug DeBoer, CPA

Accounting standards are continually changing and we're always working to keep you aware and informed. This year there are changes happening in lease accounting, specifically for agricultural lands. Check out our latest article where Doug highlights some of these changes in operating and capital leases. To read the full article, please click the link below. http://bit.ly/37RY8kl
Date:January 24th, 2020
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Capturing the Benefits of Captive Insurance by Chad Van Houten

When it comes to insuring your business, you may be weighing the high cost and low risk of traditional insurance against the low cost and high risk of self-insurance. But there is one more alternative to consider: captive insurance. Read the full article about how captive insurance can benefit your business at the link below. https://bit.ly/2YNe9XY
Date:January 21st, 2020
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Construction Case Study - Selling Through Succession Planning by Ian Grimbleby, CPA

This case study is about a father selling his business to the son as part of their succession plan. They needed to come to an agreement on how the transition would happen and the value of the company to pay out the father and have the son take over ownership and day-to-day responsibilities. To read the full case study with the challenges and final outcome click the link below. https://www.grimbleby-coleman.com/resources/articles/Construction-Case-Study-Selling-Through-Succession-Planning https://www.grimbleby-coleman.com/resources/articles/Construction-Case-Study-Selling-Through-Succession-Planning
Date:January 20th, 2020
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The New Revenue Recognition Standards by Sue Hudgens, CPA

If you follow U.S. Generally Accepted Accounting Policies (GAAP), the time has come for your company to comply with the new revenue recognition standard set for 2019. The article covers the five-step model that is made to fit most businesses worldwide, as opposed to the previous standards which differed based on the industry. Click the link below to check out the full article. https://bit.ly/30FUUg9
Date:January 20th, 2020
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Do You Need a Succession Roadmap? by Jeff Bowman, CPA

Every family and every business is unique and that's why we never take a standardized approach to succession planning. Our Succession Roadmap is a written document that helps guide the process and provides a way for you and your family to review important considerations. Click the link below to check out the full article on creating a plan for your family. https://bit.ly/2IDuNQh
Date:January 20th, 2020
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Switch It Up with New QuickBooks Features by Tami Davis

It’s very easy to get into a routine of logging on to QuickBooks, doing your daily tasks, and logging out. But you could be missing the opportunity to utilize some of the new features QuickBooks releases because you’re not exploring. Check out our latest article by Tami Davis at the link below for features you could be benefitting from on both Desktop and Online. https://bit.ly/2CIV3Wj
Date:January 20th, 2020
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Will You Always Be Able to Farm on Your Land? by Stephanie Banuelos

As you’ve probably noticed in the news, water is reshaping the agricultural landscape — literally. This article discusses how these changes might effect farmers in the Central Valley and some contingencies they can make to secure revenue from their land. Click the link below to read the full article: https://www.grimbleby-coleman.com/resources/articles/How-Are-Water-Regulations-Affecting-Your-Land-s-Value-
Date:January 17th, 2020
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Business Advising Case Study - Managing Profit & Cash Flow by Marty Fox

This case study is about a historically successful medical practice was suffering from declining profits and cash flow. Turnover within the accounting department was high, and reporting was inconsistent and often unreliable. The owners felt that too much of their time was spent putting out fires instead of building the practice. Two of the owners were close to retirement and wanted to sell their interest in the company to the other partners. To read the full case study with the challenges and final outcome click the link below: https://www.grimbleby-coleman.com/resources/articles/Business-Advising-Case-Study-Managing-Profit-Cash-Flow
Date:January 17th, 2020
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Our Commitment to Safety and Prevention of COVID-19

Dear friends and clients,

Thank you for putting your trust in us to provide your tax and advisory services. These are rare and unusual circumstances; but be assured, we are committed to providing continued services and support over the coming weeks.

To lessen our societal impact, as well as to protect the well-being of you, our clients, and our team, we ask that the majority of our communications be electronic or over the phone (we have rescheduled all meetings to be handled in this way).

At this time, our office is closed to the public. You may drop off paper documents in our mail slot. We strongly encourage you to use our electronic collaboration tools for securely scanning and sending tax documents and we have the necessary data security in place to ensure security and privacy.

To read our January letter detailing our electronic collaboration tools, and specific instructions, click here. We are happy to assist in the set-up of any of these applications, if you have not used them in the past; contact our Admin team at the phone number or email below.

GC looks forward to normalizing our processes as soon as safety dictates. Be well and take care of yourselves, your community, and your loved ones. We are here for you professionally and personally, so do not hesitate to reach out.

All the Best,

Clive Grimbleby, President
Grimbleby Coleman CPAs
Certified Public Accountants, Inc.
(209) 527-4220
contactus@gccpas.net

 

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