ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Monday, January 18, 2021
Search
    Generic filters
    California Business Journal
    56 °f
    Los Angeles
    60 ° Tue
    65 ° Wed
    62 ° Thu
    57 ° Fri
    51 ° Sat
    51 ° Sun
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    Search
      Generic filters
      California Business Journal

      EXEMPLARY

      by Rick Weinberg, Editor-in-Chief, California Business Journal
      A A
      Brian Yacker and Stacey Bergman - EXEMPLARY
      Share on FacebookShare on Twitter

      Brian Yacker and Stacey Bergman sitting - EXEMPLARY

      YH Advisors is one of the nation’s leading tax, law and accounting firm specializing in working with exempt organizations and nonprofits, perhaps the most underserved industry sector in the country.

      BY RICK WEINBERG, CALIFORNIA BUSINESS JOURNAL

      Eighteen months into Brian Yacker’s tenure as a tax associate at Ernst & Young, he was informed that he was being transferred from the corporate tax division to the nonprofit tax division.

      “I don’t want to do it,” Yacker said. “Tough,” Yacker was told. “You don’t have a choice. Either transfer or say goodbye.”

      Well, that transfer turned out to be the greatest move of Yacker’s career. Ernst & Young “trained me up pretty well in the nonprofit area,” Yacker says today with a laugh.

      He quickly discovered that he absolutely loved working with nonprofits as opposed to for-profits.  “At first, I didn’t think it would be intellectually challenging enough for me, but I soon discovered that it was actually far more intellectually challenging than I ever imagined because you always have to ensure the nonprofit organization is not doing anything to jeopardize its tax exempt status.”

      That being said, Yacker established YH Advisors in 2011, in Huntington Beach, California, to exclusively work with exempt organizations in the tax compliance, law and accounting disciplines.

      “We’re very distinctive — there isn’t a firm is the U.S. that we know of with the specific focus that we have in addressing the tax compliance, legal and accounting issues of all different types of nonprofits,” Yacker says. “There are very few professionals who truly understand the accounting, tax and legal side of working with nonprofits.”

      ADVERTISEMENT

      “We do tax filings that the typical CPA shies away from because they just don’t have enough understanding or real-world experience to complete a Form 990 (the annual tax return which exempt organizations must file with the Internal Revenue Service) competently,” says Yacker, who is not only an attorney but also a CPA to boot.

      Brian Yacker and Stacey Bergman - EXEMPLARYThere are many reasons Yacker and his fellow Partner, Stacey Bergman, wholly embrace the nonprofit sector, other than it being intellectually challenging.

      “We love working with people and organizations who are wildly passionate about their cause and mission,” Bergman says.

      Related

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      January 15, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021
      Load More

      Some of those “causes” include rescuing abandoned animals, fighting for the rights of veterans, protecting the environment, advancing the arts, operating a school or a hospital, advocating for children’s rights,  operating a youth sports league and conducting religious services at a house of worship.

      From Bergman’s perspective, she shares the same vision as Yacker in regards to working with nonprofits.

      At a prior firm, “I was on the audit side and there was a line drawn in the sand between the audit and tax departments – neither side communicated,” she says. “Like Brian, I disagreed with the way they ran the practice. So here at YH Advisors, we ensure that we operate as one firm to provide our full range of services to all different types of exempt organizations.”

      “It’s amazing to work with the people who form and run nonprofits,” she adds. “It’s the opposite of working with business owners whose primary objective is focusing upon increasing profits.

      “In the nonprofit world, we work with people who care about other people and care about a mission, and caring about some component of making the world a better place.”

      Brian Yacker and Stacey Bergman office shot - EXEMPLARYYH Advisors’ expertise and wide range of essential services is clearly a huge benefit to nonprofits, particularly since many nonprofits are run by volunteers who do not know what they need to know in terms of operating a nonprofit.

      “The No. 1 area of transgressions in the nonprofit world are transactions undertaken by the exempt organization with Board members and key executives,” Yacker says.

      For instance, reimbursing the personal expenses of Board members: “At one nonprofit, a Board member flew to New York for foundation business. They happened to take their spouse along. The foundation wound up paying for the airfare, lodging and meals for both. That’s an insider transaction that is illegal assuming the spouse was not traveling for foundation purposes,” Yacker says.

      The consequences for typical nonprofit transgressions can be harsh. For instance:

      • The IRS can levy penalties of up to $100 per day for a late filed tax return (Form 990);
      • There could be increased attention and scrutiny from media outlets and charity watchdogs regarding compensation, governance and insider transactions;
      • Transgressions can lead to the loss of contributions, grants or awards;
      • There can be increased risk of attention from the IRS, state taxing authority or the state Attorney General;
      • Worst of all, it’s possible a nonprofit can lose its tax-exempt status altogether.

      “Nonprofits think they’re doing the right thing nearly all of the time, but they just don’t know,” Yacker says. “That’s exactly why they need someone like us to monitor every element of their operations when it comes to tax compliance, accounting and legal issues.”

      screener - EXEMPLARY

       

      Contact

      YH Advisors

      Brian Yacker, Managing Partner

      Stacey Bergman, Partner

      7755 Center Avenue, Ste 1225

      Huntington Beach, CA 92647

      Phone: 310-982-2806

      YHAdvisors.com

      byacker@yhadvisors.com

      sbergman@yhadvisors.com

      Tags: accountingattorneyBeachBrian YackerCACaliforniachildrencomplianceCPAErnst & Youngexempt organizationsfocusgrantsHuntingtonHuntington BeachlawLos Angeles Business NewsNew YorknonprofitsOrange County Business JournalspecializingStacey BergmantaxYH Advisors

      Get real time update about this post categories directly on your device, subscribe now.

      Unsubscribe
      ADVERTISEMENT
      Previous Post

      THE AIRBNB FOR MOTORCYCLES

      Next Post

      I HEAR YOU

      Rick Weinberg, Editor-in-Chief, California Business Journal

      Rick Weinberg, Editor-in-Chief, California Business Journal

      Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known journalist, writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815

      WHAT TO READ NEXT

      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276
      Business

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021
      Lisa Thee
      Business

      Launch Pad

      January 14, 2021
      Silicon V Real Instituto
      Featured

      The Entrepreneurs ‘Angell’

      January 12, 2021
      gary vaynerchuk finger
      Business

      Gary Vaynerchuk’s Essential Tips For Business Growth

      January 8, 2021
      art and science of conversation
      People

      The Art and Science of Conversation

      January 7, 2021
      Phil Bristol, Founder of Projectivity Solutions, crop
      Business

      Centered on Trust

      January 6, 2021
      Next Post
      1 - I HEAR YOU

      I HEAR YOU

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Top Stories

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0
      • The DealMaker

        0 shares
        Share 0 Tweet 0

      Latest Articles

      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      January 16, 2021
      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      January 15, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR

        Do NOT follow this link or you will be banned from the site!