GYL CPAs and Advisors

GYL CPAs and Advisors The GYL team is committed to listening to our clients and getting to know them on a personal level. "Certified Public Accountants and Business Consultants"

As we celebrate the contributions and hard work of workers everywhere, we hope you take some time to relax, recharge, an...
09/04/2026

As we celebrate the contributions and hard work of workers everywhere, we hope you take some time to relax, recharge, and enjoy the long weekend with those who matter most.
Wishing you and your families a safe and enjoyable Labor Day weekend from all of your friends at GYL! ❤️🤍💙

The SEC may rescind its 2024 climate disclosure rules, but private companies should not assume their reporting obligatio...
09/04/2026

The SEC may rescind its 2024 climate disclosure rules, but private companies should not assume their reporting obligations disappear. Contracts, state laws, and business relationships may still require climate and emissions information regardless of what the SEC does. Here is how to assess what still applies to your company and what you can safely scale back. https://bit.ly/4zVX4cL

A divorce settlement divides assets and establishes legal rights, but it does not resolve every tax question that follow...
09/03/2026

A divorce settlement divides assets and establishes legal rights, but it does not resolve every tax question that follows. Filing status, child-related benefits, property basis, retirement transfers, and prior joint return liability all require a separate tax review. Understanding where the settlement ends and tax law begins can help you avoid costly surprises after the divorce is final. https://bit.ly/460p29N

The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automati...
08/25/2026

The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automatically prevent certain penalties for eligible taxpayers with a strong compliance history. Starting with 2025 tax year returns and 2026 quarterly returns, qualifying individuals and businesses may avoid failure-to-file, failure-to-pay, and failure-to-deposit penalties without needing to call the IRS or submit a separate request. Understanding the eligibility requirements and transition timeline is key to making the most of this change. https://bit.ly/4zFhnv6

Form 990 is more than a tax return; it’s a public document that donors, grantmakers, and regulators use to evaluate your...
08/24/2026

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. https://bit.ly/4xXuohI

Today, we celebrated one of our own! We showered Devin with love, laughter, and gifts as he gets ready to step into an ...
08/21/2026

Today, we celebrated one of our own! We showered Devin with love, laughter, and gifts as he gets ready to step into an amazing new role—DAD!

We’re so excited for Devin and his growing family as they prepare to welcome their sweet baby girl. 🎀 Wishing him and his family a lifetime of love, joy, and unforgettable moments together!

Congratulations, Devin!

As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a prope...
08/11/2026

As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a large tax bill and a smaller one can come down to how well a homeowner documented capital improvements over the years. Keeping a permanent record of qualifying expenses is one of the simplest steps homeowners can take to protect themselves. https://bit.ly/4g89ndd

The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing require...
08/10/2026

The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing requirement. In Revenue Procedure 2026-25, the IRS established a safe harbor that allows qualifying donors to contribute cash to a child’s Trump account and skip Form 709 entirely, as long as key conditions are met. Here’s what you need to know before making contributions. https://bit.ly/4z8ctGL

GYL recently celebrated the promotions of three outstanding team members with a celebratory lunch honoring their achieve...
08/07/2026

GYL recently celebrated the promotions of three outstanding team members with a celebratory lunch honoring their achievements: Jessica Martinez, promoted to Senior Associate; Nathan Vaidyanathan, promoted to Senior Accountant; and Sarah Pacheco, promoted to Senior Accountant.

Congratulations to Jessica, Nathan, and Sarah on this exciting milestone! We look forward to your continued success and all you will accomplish in your new roles.

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Most business owners rely on backward-looking financials that tell them where they have been, not where they are going. ...
08/05/2026

Most business owners rely on backward-looking financials that tell them where they have been, not where they are going. A cash flow forecast fills that gap by projecting future inflows and outflows, helping leaders spot problems early and make smarter decisions about hiring, investing, and financing. Updated consistently and tied to real business decisions, it shifts leadership from reactive to proactive. https://bit.ly/3RXhGjI

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4120 Concours Suite 100
Ontario, CA
91764

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Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 2pm

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+18006440696

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