San Jose, CA (November 17, 2016) – Abbott, Stringham & Lynch, one of the largest local CPA firms in the Silicon Valley, is proud to announce that Deepa Bhat has been promoted to Audit Principal and Rachel Gillespie has been promoted to Tax Principal, effective January 1, 2017.
In making the announcement, Abbott, Stringham & Lynch’s Principal-in-charge of the Assurance and Accounting Department, Carol Wagner, said, “We are pleased to welcome Deepa and Rachel to the partnership group. These exceptional leaders have the experience and proven skills to take on their new responsibilities that will considerably contribute to our growth and build our reputation for providing remarkable client service.” (more…)
San Jose, CA August 16, 2016 — we are pleased to announce that Jyothi Chillara and Naila Sharifova of Abbott, Stringham & Lynch have successfully earned the IBFD-AG Advanced Professional Certificate in International Corporate Taxation. Jointly created by Allinial Global and IBFD, one of the world’s foremost authorities on international taxation, this rigorous program allows participants to differentiate themselves by becoming certified experts in international taxation.
On their way to certification, program participants earn 100 CPE credits and engage in a combination of self-study courses and live webcasts, followed by a final three-day training event. Course materials focus on three central components: fundamentals of international taxation, corporate international tax structuring, and treaty and transfer pricing aspects of international tax planning. In order to complete the certification process, participants must pass an assessment during each stage of the program, as well as a two-hour final exam. (more…)
San Jose, CA. (June 3, 2015) — In its sixth year, the 2015 Accounting MOVE Project reports a significant boost in the proportion of women partners and principals at the 47 CPA firms participating in the project—an average of 22%, up from 17% five years ago.
The bar is rising for all firms, but with women comprising 46% of its ownership, Abbott Stringham & Lynch more than exceeded that threshold, earning a spot on the Equity Leadership List. The Accounting MOVE Project Equity Leadership list recognizes firms with at least 31% female partners and principals. Based on Accounting MOVE Project research, it is released annually by the Accounting & Financial Women’s Alliance (AFWA) and American Women’s Society of CPAs (AWSCPA).
San Jose, Calif. – September 30, 2014 – Managing Principal Ray Scheaffer of Abbott, Stringham & Lynch (ASL), a Silicon Valley accounting and consulting firm, announced that Jeff Faust with his colleagues Irina Plevako and Chris Bitter formerly with the accounting firm Berger Lewis, have joined ASL. “Jeff, Irina and Chris enhance our firm’s practice by now offering valuation services to our clients. We welcome them as part of an overall plan to position the firm for growth.” The addition of Faust, Plevako and Bitter brings the firm’s total personnel to 76.
San Jose, Calif. – July 18, 2013 – “Startup entrepreneurs must constantly control and monitor their cash reserves, and there are several basic steps to make this happen,” says Mark Sheffield, a startup expert at the Silicon Valley accounting firm of Abbott, Stringham & Lynch. “A well-managed burn rate, or negative cash flow, can go a long way to ensure investor confidence and the time necessary to build momentum in the business,” he adds.
To control and monitor your startup’s burn rate, Sheffield offers these tips…
San Jose, Calif. – May 2, 2013 – According to CPA Mark Sheffield, Principal in charge of Abbott, Stringham & Lynch’s Emerging Business Group, outsourcing payroll to a small payroll service firm could pose a significant financial risk to start-ups and small businesses. “While small payroll service firms can provide a lower-cost higher-touch service experience for emerging businesses, they’re also more likely to perpetrate embezzlement of your payroll tax payments than a big firm due to lack of oversight that leads to increased opportunity,” said Sheffield.
However, if you feel that a small payroll service firm is the right solution for your business needs, Sheffield recommends you consider implementing two or more of the following four controls…
Watch ASL Principal Pam Hedblad breakdown the income tax implications of ObamaCare and ATRA of 2012
You can also download a copy of the slides ASL Principal Pam Hedblad is speaking to in this presentation for your future reference.
San Jose, Calif. – January 2, 2013 – Managing Principal Ray Scheaffer of Abbott, Stringham & Lynch (ASL), a Silicon Valley accounting and consulting firm, announced that three high-level CPAs, Luis Ramirez, Julie Malekhedayat, and Kay Filler, formerly with the accounting firm of Perisho Tombor Ramirez Filler & Brown (Perisho), have joined ASL. “Luis, Julie and Kay enhance our ability to serve the Silicon Valley domestic and international business community in the areas of tax and audit, as well as to expand services to individuals in the areas of estate, gift and trust planning. We welcome them as part of an overall plan to position for growth in 2013.” The addition of Ramirez, Malekhedayat and Filler brings the firm’s principal count to 12, supported by over 60 professionals, including staff members formerly with the Perisho firm.
According to CPA Bill Melton of Abbott, Stringham & Lynch, a Silicon Valley accounting firm, the most generous estate and gift tax provisions we have ever seen are set to expire at the end of December. Melton explains that, while transferring assets directly to the recipient without restrictions may be the quickest and least costly in terms of legal or accounting fees and appropriate for some circumstances, “in the case of very large sums, gifts to minor children, or adults with special needs, transferring your assets into trusts may be the best tax strategy as well as a more appropriate alternative to direct gifting.”