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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IRS Allows $500 Carryover for Unused Healthcare FSAs

The IRS just announced a new exception to the longstanding "use or lose" rule for healthcare ...
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BPW Helps Spread Holiday Cheer at Junior League’s Festival of Trees

Santa Barbara, CA – BPW sponsored a Christmas tree at the first annual Festival of Trees to support ...
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Deducting Charity-Related Expenses

Most people are aware of deducting charitable contributions, but did you know that you may also ...
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The Buzz on Benefit Corporations & B Corps

Ben & Jerry's, Etsy, Seventh Generation and our very own local icon, Patagonia, are a few ...
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Record Retention Guidelines and Policy Development

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward, ...
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IRS Debuts Final Repair Regs

To expense or capitalize? That is the question companies face when they acquire, produce or improve ...
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Ellyn Cole Named One of the 40 Under 40

Congratulations to Ellyn Cole, who was recently named one of the 40 Under 40 by the Pacific ...
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IRS Changes How Tips & Service Charges are Handled

As you may recall from a previous article, the new IRS rule on classifying tips and ...
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John Britton Honored by Rotary Club of Santa Barbara North

Santa Barbara, CA – BPW Partner, John Britton, was recently honored with the Vocational Service Award ...
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2013 Year-End Tax Planning for Businesses

I hope that you had the opportunity to read Elizabeth's blog article, where she discussed tax ...
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2013 Year-End Tax Planning for Individuals

As we near the end of 2013, now is an excellent time of year to review ...
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Points to Remember When Planning Your Estate

It is on your list of things to do, but something always comes up. Estate planning ...
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