News & Insights
Compensation, conflicts, and related parties: what your nonprofit needs to know
Nonprofit boards regularly decide on compensation, vendors, and relationships with affiliated organizations. But when someone with influence stands to benefit, those decisions deserve a closer look. Our latest article walks through the key questions every nonprofit should ask before approving a transaction.
Q4 tax planning: what needs to happen, and when?
Q4 tax planning is not a single deadline; it's a series of decisions that each have their own timing. Some strategies require lead time to execute, others depend on an updated year-end forecast, and some work can legitimately carry into the new year. Knowing which category each decision falls into is what separates effective fourth quarter planning from a last-minute scramble in December.
How much cash should your business actually keep?
How much cash should your business keep on hand? The answer depends on more than a simple rule of thumb. This article breaks down a practical framework for separating your cash into layers, covering operating needs, committed funds, and contingency reserves, so you can make smarter decisions about liquidity, capital allocation, and when cash truly becomes excess.
California will tax many SaaS and software sales starting in 2027
California's SB 122 will broadly apply sales and use tax to pre-written software and SaaS transactions beginning January 1, 2027, affecting both sellers and buyers. Businesses could face new obligations to collect, report, or directly remit tax on software purchases they don't pay tax on today. Here's what you need to know to start preparing before the rules take effect.
Gilbert CPAs Welcomes Ryan McDonald as Audit Shareholder
Gilbert CPAs is pleased to welcome Ryan McDonald, CPA, CFE, CGMA, as an Audit Shareholder and the firm’s ninth shareholder. With more than 20 years of accounting and assurance experience, Ryan brings extensive nonprofit experience and a shared commitment to the relationships, culture and client service that define Gilbert.
Form 990 filing mistakes that can undermine your nonprofit’s credibility
Form 990 is more than a tax return; it's a public document that donors, grantmakers, and regulators use to evaluate your nonprofit. Common mistakes in filing, reconciliation, and narrative disclosures can raise questions about financial stewardship or put your tax-exempt status at risk. This article outlines the key errors to avoid and how to build a more reliable year-over-year filing process.
IRS raises the standard mileage rates for the second half of 2026
The IRS raised the standard mileage rates for the second half of 2026, effective July 1, with the business rate increasing from 72.5 cents to 76 cents per mile. Taxpayers who use their vehicle for business, medical, or qualifying moving purposes will need to track mileage separately for each half of the year. Learn what the new rates mean for your deductions, reimbursement policies, and recordkeeping.
Selling a business, rental, or large asset this year? Plan Before You Sign.
Selling a business, rental property, or other large asset triggers capital gains tax, depreciation recapture, and the net investment income tax -- consequences that can result in a far larger bill than most sellers anticipate. The tools that reduce that exposure almost always require action before the transaction closes. Here is what Sacramento-area sellers need to understand before entering negotiations.
Comstock’s Magazine: Sacramento Neighborhood Housing Services
We’re proud to feature our client, Sacramento Neighborhood Housing Services (SNHS), in our latest article for Comstock’s Magazine. For four decades, SNHS has worked to strengthen communities and create opportunities for individuals and families throughout the region.
Forbes 2026 Best-In-State CPAs
We’re proud to share that Gilbert CPAs CEO Bobbie Hales has once again been named to Forbes’ Best-In-State CPAs list for 2026. Being recognized for a second consecutive year is an incredible honor and a reflection of Bobbie’s continued leadership, dedication to the accounting profession, and commitment to the clients and communities we serve.
GASB 103 Update: A Practical Guide for State and Local Governments
Governmental financial reporting is seeing its biggest change in 25 years. GASB Statement No. 103, Financial Reporting Model Improvements, takes effect for fiscal years after June 15, 2025, so preparation should start now.
S-corporations 101: FAQs for business owners
S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren't automatic - they depend on your income level, involvement in the business, and whether you're ready to manage the added compliance responsibilities. Here's what you need to know about how S-corps work, who they're right for, and what's required to maintain one.
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