Scott B Price & Co

Description

Scott B. Price and Company has been providing professional services to individuals and small businesses for over 25 years. Our firm consists of a team of twelve accounting professionals. Our team serves clients in the Bay Area and nationwide with accounting, compilation, review, audit, tax planning and compliance, as well as software consulting, implementation of accounting software, budgeting, and forecasting. Our clients span a wide range of industries and consist of individuals, partnerships, small businesses, start-up companies, non profit organizations, estates, and trusts.

Scott B. Price and Company is a tax, accounting, and consulting firm providing a variety of services for businesses, individuals, and not-for-profits entities. Our services range from recurring annual compliance procedures, tax planning, and preparation to one-time special projects.

She has worked with two other CPA firms for the past 4 years and prior to that, she was a stay- home mom. She has a daughter in college and a son in high school and lives with her family in Walnut Creek. During her free time, she enjoys spending time with her husband and children. She also volunteers at her son’s high school and is the Treasurer for her son’s Boy Scout Troop.

Scott B. Price obtained a Bachelor of Arts from Rutgers College, New Brunswick, New Jersey. He earned the honor of being a Henry Rutgers Scholar and graduated in May of 1979. He obtained his Masters in Business Administration from San Francisco State University, San Francisco, California in December of 1981. Scott has been a certified CPA since March 12, 1982 (License # 34375E). Scott B. Price and Company was founded in June of 1985.

Lower Shareholder Basis Adjustments for Charitable Contributions by S Corporations Before the Pension Protection Act of 2006 (PPA), if an S corporation contributed money or other property to a charity, each shareholder took into account his pro rata share of the fair market value of the contributed property in determining his own income tax liability. The shareholder reduced his basis in his S stock by the amount of the charitable contribution that flowed through to him. The PPA amended this rule to provide that the amount of a shareholder's basis reduction in S stock by reason of a charitable contribution made by the corporation is equal to his pro rata share of the adjusted basis of the contributed property. Under pre-Act law, the PPA rule did not apply for contributions made in tax years beginning after Dec. 31, 2011.

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