By Guest Writer, Maverick Esser, with an Introduction by Steve Carter, CPA, Assurance & Advisor Principal
ASL Renewable Energy Group
For some reason, I found myself really struggling with finding an interesting topic for this edition of the ASL Advisor. I was hoping to somehow discover a timely topic that impacts us all, yet offers some form of viable solutions to the critical, if not dire, challenges facing our global environment.
In one of my Managerial Accounting classes at Santa Clara University, I was fortunate to have an extremely bright and talented young student who is looking at our world with a unique vision of practicality. In addition, even more exciting and hope raising, he is finding ways to put solutions into action! (more…)
By Nikky Ly, Tax & Advisory Manager
ASL Real Estate Group
Imagine you just bought a rental property for $1 million with $200,000 down payment, your CPA says “Congratulations! You are saving over $10,000 in federal tax with this purchase.” Here is the breakdown: (more…)
By Deepa Bhat, CPA, CFE, ACA, Assurance & Advisory Principal
Sometimes, even the most thought-out plans don’t work out. Organizations experienced this first-hand over the last two years with COVID-19. Almost overnight, everything changed: operating models, financial forecasts, and the labor market, to name a few of the biggest impacts. Even now, many Bay Area and California companies are grappling with the effects of an uncertain economy. External events, like the pandemic, have the potential to upset the typical financial reporting process. Questions remain about how to reflect external pressures on internal reporting; what needs to be adjusted and when, and how management can best respond to changing conditions while still meeting current compliance requirements. In other words, the pandemic and other events have made it difficult for management to make essential estimates required for financial reporting. Here are some key factors to consider during this time of uncertainty. (more…)
By Rob Trammell, Tax & Advisory Principal
ASL Construction Group
Labor Shortage
The construction industry, like almost all industries, is facing a shortage of available workers. Many companies could be doing more work if they were able to find the employees to staff the jobs. In addition, the workers you currently have are in high demand. There are many other competitors and companies actively looking to hire. (more…)
