1880 Century Park East #200,
Los Angeles CA 90067-1600

310.552.1600
Fax 310.289.8186
E-mail:
info@GerberCo.com

 
The Information Station
 
   

 

 
 

 

Beyond Beancounting®

We provide cost-effective value-added pro-active input to save taxes and optimize financial results.

TeamGerber comprises passionate, seasoned professionals who have worked for the “big firms.” We have several staff members with advanced degrees and certifications. Additionally, our Premier International membership brings you access to outstanding professionals globally and nationally — yet we provide the culture and the pricing structure of a local firm.

 

Our audit and assurance unit is a team of seasoned professionals who have broad experience in many industries. We are always focused on helping you to make your business more profitable, tighten controls, and improve information flow.

Let us design a Dashboard for your enterprise to provide summarized relevant timely data in graphics it is an invaluable management and information tool.

Surprises are for birthdays. Not for tax time.®

Let us review your financial statements and tax returns at no cost or obligation and show you the TeamGerber Difference:

email:  info@GerberCo.com
or call: 310.552.1600

“If you're not a client yet — it's costing you.” - Selwyn Gerber CPA

Unreported Income Results in Fraud Penalty:

If the IRS claims a taxpayer committed fraud, the burden is on the government and it must prove fraudulent behavior by clear and convincing evidence. If fraud is found, the penalty is 75% of the underpayment and there is no statute of limitations. Here is one Tax Court case in which a taxpayer was found liable for the fraud penalty and what other business owners can do to protect themselves.

Taxes on Roth IRA Withdrawals Today:

If you're experiencing financial distress during the COVID-19 crisis, you might be thinking about tapping into your Roth IRA to improve your cash situation.
But before withdrawing money from a Roth account, it's important to understand the federal income tax consequences, especially if you're under 59½.

401(k) Plans & IRAs:

Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, "Almost any decision is better than no decision at all." This investment inaction is played out in many ways, often silently, invisibly and with potential consequence to an individual's future financial security.

Back to the Future:

Prior-Law Kiddie Tax Rates Retroactively Reinstated the Tax Cuts and Jobs Act (TCJA) made an unfavorable change to the kiddie tax rules, starting in 2018. But that change was retroactively reversed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which passed in late 2019. That's good news for children and young adults who are subject to the kiddie tax rules. Here are the details.

Managing Home Insurance Inspections:

For a number of reasons, you may decide to change your insurance company. In the case of home insurance, this may prompt the new insurance company to inspect your house to determine what they will be covering. In this article, we take a look at what you can gain from this inspection and what to ask during the process.

Put It in a Letter:

If you're like most people, you don't spend much time thinking about your own funeral. And yet, many people have a vision about their memorial service or the handling of their remains.

Letter of instructions can help you accomplish that goal.


Find out more by reading this article

 
 

IMPORTANT - Nothing on this website shall constitute professional advice and may not be cited or relied upon by you for any purpose. It is general in nature, may not be applicable to your situation and may contain inadvertent errors. We assume no responsibility for the contents of this website.

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