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Certified Public Accountant

New Mandatory Ownership Reporting Requirements: The Good, The Bad And The Downright Complex

Guirguis & Gibbs, Inc. - Santa Clarita CPA

Author: Mark Guirguis, CPA, CMA Vice President, Guirguis & Gibbs Inc. As we approach the conclusion of 2023, businesses, whether fledgling or well-established, will face a new mandate—the Corporate Transparency Act of 2021. This act necessitates compliance with updated beneficial ownership information reporting, to be phased in over 2024 and 2025. Entities subject to this requirement must report specific details ...

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Exploring The Employee Retention Credit: Understanding Lessons In Advertising, Taxation And Inflation

Guirguis & Gibbs, Inc. - Santa Clarita CPA

Author: Mark Guirguis, CPA, CMA, Registered Representative | Vice President, Guirguis & Gibbs Inc. The CARES Act of 2021, hailed as a financial lifeline for struggling small business owners grappling with cash flow issues amid the COVID-19 pandemic, presented a seemingly attractive opportunity. The Federal Government pledged $55 billion dollars in refundable credits to businesses that retained employees and paid qualified ...

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Embarking On A Financial Journey: The New Client Experience With Guirguis & Gibbs, Inc.

Guirguis & Gibbs, Inc. - Santa Clarita CPA

Author: Mark Guirguis, CPA, CMA, Registered Representative   Vice President, Guirguis & Gibbs Inc.   Taking control of your financial destiny represents a profound leap forward, and securing the  right partner to steer you through this journey is of utmost importance. Guirguis & Gibbs,  Inc. understands the significance of this choice and is unwavering in its commitment to offer  exceptional service for ...

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Artificial Intelligence Is Being Exploited In Financial Scams

Guirguis & Gibbs, Inc. - Santa Clarita CPA

Did you ever imagine ‘80s movies and television shows like “The Terminator” and “Knight Rider” that showed machines doing things on their own could some day become a reality? How about living in a world where we talk to our phones for help, unlock devices with our faces or ride in a self-driving car? We now can and this is ...

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Employee Retention Credit & Upcoming Audits – What You Need To Know

Guirguis & Gibbs, Inc. - Santa Clarita CPA

Unless you have refrained from engaging with any form of media (radio, television, social platforms etc.), then you might not have heard about the Employee Retention Credit. Business owners are facing a flood of phone calls, promotional emails and even in-person solicitations from companies dedicated to securing this credit, often for a substantial percentage of the money they would receive.

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Goodbye 2021, Hello Taxes

Denny & Company LLP - CPA in Santa Clarita

Everybody’s least favorite time of year is creeping up- tax season. Good thing awesome resources exist such as Denny & Company LLP., licensed, professional financial gurus and expert fine print-readers who understand how it all works so you don’t have to. Take some stress off your plate this new year by handing off the difficulties of taxes to experts who ...

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