Insights by Author: Stacey Gumley

Gifts-in-Kind: New Reporting Requirements for Nonprofits

June 27, 2022

Nonprofits that receive contributions of nonfinancial assets are subject to new financial reporting rules. Because of…

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Not-for-Profits Now Benefit from GAAP Alternatives

June 28, 2019

The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its…

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New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting

March 16, 2017

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion,…

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IRS Lowers Fees for Tax-Exempt Charity Application

September 23, 2016

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July…

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Moving Forward with SSARS 21

February 16, 2016

December 15, 2015 marked an important date in accounting and review standards history. One of the…

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Record Retention Guidelines and Policy Development

October 31, 2013

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward,…

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Regulations Released for Estate and Trust Deductions

The IRS has issued final regulations as to which costs incurred by non-grantor trusts and estates ...
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Converged Standard on Revenue Recognition Released by FASB and IASB

After many years of collaboration, the Financial Accounting Standards Board (FASB) and the International Accounting Standards ...
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A Major Change in the Rules of IRA Rollovers

With a recent ruling by the United States Tax Court (the Court), there is now a ...
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The Magic of AP Automation

Somewhere in an office not so far from here, there is a company that gets all their ...
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Form 990: How a Nonprofit Can Survive an IRS Audit

"Death, taxes and childbirth! There's never any convenient time for any of them." (Margaret Mitchell, Gone ...
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California Competes Credit Offers an Incentive to Keep Businesses in the State

Are you looking to start a business in California or considering whether or not to keep your ...
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Abel Barragan Recognized as CalCPA YEP of the Year

Congratulations to Abel Barragan on being named...twice! Abel was named Young and Emerging Professional by the ...
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Electric Cars: Good for Your Tax Return!

In the beginning, the only purpose of the United States income tax was to raise revenue ...
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Santa Barbara Chamber Nominates BPW as Large Business of the Year

BPW is honored to have been nominated as Large Business of the Year by the Santa ...
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BPW Introduces New Online Bill Pay Service

Please welcome our new online bill pay service—gotoBilling! In our continued efforts to enhance our clients' experience, Bartlett, ...
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New Year…New Company? The Differences Between LLCs, C Corps and S Corps

As we continue making plans for the New Year, you may be looking at your business with a fresh eye and ...
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How Nonprofits Can Fight Fraud

Given the recent economic downturn, is it any wonder that fraud is a hot topic in ...
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