The CARES Act has loosened the rules around net operating loss deductions (NOLs), in addition to other tax relief. The CARES Act provides a five-year carryback for losses earned in
AB-5: California’s Worker Classification Problem
Businesses with workers in California are dealing with a new tax headache this year. In the fallout from the 2018 Dynamex ruling, California lawmakers passed Assembly Bill 5 (AB-5), which
California Cannabis Update
California has the largest legal marijuana market in the world and is on track to post a record $3.1 billion in cannabis sales this year, representing a 23% increase over
Thinking about converting from a C corporation to an S corporation?
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some
It’s not too late to trim your 2019 tax bill
Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several clear strategies and tactics emerged during the first tax filing
Accelerate depreciation deductions with a cost segregation study
Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may
Setting up a Health Savings Account for your small business
Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals,
IRS issues final QBI real estate safe harbor rules
Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity to take advantage of the qualified business income (QBI) deduction.
Understanding and controlling the unemployment tax costs of your business
As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed
The chances of an IRS audit are low, but business owners should be prepared
Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the
IRS provides additional guidance on bonus depreciation under the TCJA
The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The Tax Cuts and Jobs Act (TCJA) expanded the deduction to
California Tax Traps on M&A Transactions
If you think it’s easy to structure the sale of a business to minimize taxes, think again. Over the last four decades, RJI CPAs has noticed a disturbing trend in
2019 Q4 tax calendar
Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that
“Q of E” Your “E” Ticket to a Successful Acquisition
If you are thinking of buying or selling a company, you have probably heard the term “due diligence.” What does this term actually mean? Although due diligence can essentially mean
How Is the Restaurant Industry Impacted by Tax Reform?
The Tax Cuts and Jobs Act has yielded just as many questions as answers since its inception. Restaurants structured as C-Corporations enjoy a 21% tax rate, while restaurants operating as
State Court Throws Contract Workers Into Upheaval
With the Dynamex decision, the California Supreme Court created new, unlegislated law with respect to the use of independent contractors; many companies continue to seek advice on how to mitigate
Challenges Facing the Hospitality Industry
One of the biggest challenges for the hospitality industry is the balancing act between customer service and the related internal controls that go into running a hotel, resort or restaurant.
Pay Zero Tax on Sale of Your Business/Stock/Other Assets!?
Created by the Tax Cuts and Jobs Act (TCJA), Opportunity Zones were designed to increase investment in low-income communities throughout the country. In June of 2018 over 8,000 communities in
It’s Only Been 20+ Years…..Not-for-Profits, Are You Ready?
That is how long it has been since the Financial Accounting Standards Board (FASB) last modified the accounting rules and disclosure requirements for non-profit entities, including churches, schools and 501(c)3
Cost Segregation & Tax Reform – Opportunities for Increased Depreciation and Expensing
With the Tax Reform legislation passed in December 2017 and effective for new and used fixed asset additions, businesses can elect a 100% depreciation deduction for qualified tangible personal property.
Could a Change in Accounting Method Save Taxes?
With the 2017 tax filing season at a close, taxpayers and their accountants are now shifting their focus to year-end planning. While most year-end planning conversations include a discussion about
Cryptocurrency (and What it Means for Your Taxes)
Bitcoin had a banner year in 2017. Though it’s been around for almost a decade, the explosive growth experienced in 2017 has piqued the interest of investors and the IRS
Upcoming Changes to the Measure of Inventory
Confucius said, “Life is really simple,but we insist on making it complicated”. This truth can be said for the accounting profession and some of its related accounting pronouncements. With complex
Crossing State Lines: Complexities of State Business
Many state governments are placing an increased emphasis on ensuring that out- of-state businesses that should be paying sales and income taxes are registered and are paying the proper amount
Capitalize on the Hot M&A Market?
Last year, the value of Merge & Acquisition (M&A) transactions reached a record high with aggregate deals in excess of $4.8 trillion. This exceed the previous high in 2007 which
Who is Watching Over your Finances?
The Securities and Exchange Commission (SEC) requires all listed companies to have an audit committee (or equivalent) as part of its Board of Directors. Highly effective audit committees are comprised
Due Diligence and Quality of Earnings
If you are thinking of buying or selling a company, you have probably heard the term ‘due diligence’. What does this term actually mean? Read More
IRS Loses Third Captive Case
On September 21st, 2015 the U.S. Tax Court ruled in favor of an insurance company, R.V.I. Guaranty Co., Ltd. & Subsidiaries v. Commissioner. It is the third major captive insurance
Simplify to Innovate
Taking something complex and making it as simple as possible is an important aspect of innovation. To quote one of the great innovators of our time, Steve Jobs, “Simple can
Upcoming Changes to Measurement
Confucius said, “Life is really simple, but we insist on making it complicated”. This truth can be said for the accounting profession and some of its related accounting pronouncements. With
Thinking of Expanding Your Business? Consider the Following Sources of Capital
Are you thinking of expanding your business? If you, you are probably weighing numerous options. Read More
RJI Names Fernando R. Jimenez as Chief Executive Officer
RJI International CPAs, a full-service CPA and consulting firm, has named Fernando R. Jimenez, CPA, as the CEO and Director of Tax Services. Read More
Accounting For Success
Manuel Ramirez knew what he wanted to focus on as soon as he earned his business degree: ” Working at an international accounting firm that would allow me the flexibility
International Tax Strategies – Reduce Your Tax Rate (Orange County Business Journal)
March 20, 2018 Microsoftʼs paying a 7 percent tax rate! How you ask? By utilizing some basic international tax strategies which might apply to you! The fact is, few large
Which Way For Wealthy?
First Foundation Inc. had no interest in expanding beyond California until last November. That’s when Proposition 30 passed, bringing a tax hike to households throughout the state with more than
International Tax Strategies – Reduce Your Tax Rate!
March 20, 2018 Microsoft is paying a 7 percent tax rate! How you ask? By utilizing some basic international tax strategies which might apply to you! The fact is, few
RJI Ramirez Jimenez International joins global CPA network
The Irvine-based firm’s CEO says its association with DFK will help expand its worldwide reach. Brandon Russell, OC Metro Irvine-based RJI Ramirez Jimenez International has been selected as the Orange
Ramirez International Changes its Name
The Irvine-based CPA firm also has moved into larger offices and launched a new website. Jenna Sweeney, OC Metro Ramirez International Inc. is rebranding as Ramirez Jimenez International. As part
H.R.1 Tax Cuts and Jobs Act
On November 2, 2017, after months of discussion, the U.S. House Ways and Means Committee released its sweeping bill to reform the tax code. Here is a brief summary of
New Property Capitalization Regulations Effective January 1, 2014
Recently, the Internal Revenue Service issued final tangible property capitalization regulations. These regulations provide clarity to a complex area of tax law for business taxpayers who acquire tangible property or
American Taxpayer Relief Act of 2012
The tax side of the fiscal cliff has been averted. The US Senate overwhelmingly passed legislation to avert the so-call fiscal cliff on January 1, 2013… American Taxpayer Relief Act
Prop 30
Temporary taxes to fund education. Guaranteed local public safety funding. Initiative Constitutional Amendment. Prop-30
Post-Election Tax Policy
President Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President’s re-election now sets in motion what
RJI Ramirez Jimenez International adds Orange County’s fastest growing public company to its Impressive Client List
IRVINE, Calif. – RJI Ramirez Jimenez International CPAs (RJI), a full-service CPA and consulting firm, has added Seychelle Environmental Technologies, Inc. (Seychelle) (OTCQB:SEYV.PK) to its already impressive client list .
Ramirez Jimenez International Experiences Growth in 30th Anniversary Year
Accounting Firm Takes on New Name, Larger Offices and New Website IRVINE, Calif. – Ramirez International, Inc., a Public Company Accounting Oversight Board (PCAOB) certified accounting firm specializing in servicing
Ramirez International Celebrates 30th Anniversary
IRVINE, Calif. (January 25, 2010) – Ramirez International has announced that it is celebrating its 30th anniversary of providing CPA and consulting services to its clients. Headquartered in Irvine, Calif.,
Manuel Ramirez, C.P.A. Elected President of the California Board of Accountancy
IRVINE, Calif. (December 14, 2009) – Manuel J. Ramirez, certified public accountant (CPA), president and chief executive officer of Ramirez International, has been unanimously elected president of the California Board
Ramirez International Offers Assistance In Wake of Approaching IRS Foreign Income Amnesty Program
IRVINE, Calif. (September 2, 2009) – Ramirez International, an Orange County Calif.-based, full-service CPA and consulting firm announces special services designed to assist clients with the Internal Revenue Service (IRS)
Ramirez International Appoints Daniel Garrett, C.P.A, to Senior Manager, Estate and Tax Services
IRVINE, Calif. (February 27, 2009) – Ramirez International, a full-service CPA and consulting firm, has announced that Daniel C. Garrett, CPA, has been appointed to senior manager of the firm’s
Manuel Ramirez, CPA, Appointed Vice President of The California Board of Accountancy
IRVINE, Calif. (January 9, 2009) – Manuel J. Ramirez, CPA, president and chief executive officer of Ramirez International, has been named vice president of the California Board of Accountancy. Since
Not-for-Profit
Our experience with not-for-profit organizations includes: Tax exempt organizations Higher education Religious organizations Community organizations Youth organizations Private foundations Private clubs Civic and business charities organized under Section 501(c)(3) of
Employee Benefit Plans (ERISA)
We provide audit services to: Defined benefit pension plans Defined contribution – 401(k) plans Health and welfare plans Public company plans subject to SEC reporting on Form 11-K Our approach
Wholesale & Retail
Our clients include numerous wholesale and retail businesses within a variety of industry sectors. We understand the issues that face many wholesale and retailing entities. Issues such as just-in-time inventory,
Food and Beverage Services
Our services to food and beverage service companies include: Supermarkets Food processing Food distribution Restaurants, including quick service restaurants (QSR) We have significant experience dealing with multi-unit operators, franchisors and
Hospitality, Entertainment & Professional Services
We provide audit and assurance services to a variety of clients in the hospitality, entertainment and professional services fields. Our clients include: Hotels and hotel operators Law firms Consulting practices
Health Care
Our health care clients include: Hospitals Doctors Dentists Pharmaceuticals Practice management Managed care facilities, including senior and assisted living facilities We understand the medical insurance billing cycle, Medicare and Medicaid
High Technology
Our technology clients include: Software Software-as-a-service Computer and peripherals Medical device Life science E-commerce Film Media Telecommunications Our experience includes licensing, royalties, patents, research and development arrangements, equity arrangements, and
Public Companies
We are registered with the Public Company Accounting Oversight Board (PCAOB). We provide annual audits and timely quarterly reviews for our public company registrants. While many of our clients have been
Manufacturing & Distribution
Our manufacturing and distribution clients include: Manufacturers Distributors Transportation providers We understand the issues that face many manufacturing and distributing concerns. Issues such as just-in-time inventory, FIFO, LIFO, asset impairment
Real Estate
Our services to real estate entities comprise: Real estate developers Owner Contractors Investment management companies Real estate investment trusts (REIT’s) In additional to traditional audit and assurance services and income
