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
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
“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
International Tax Business Booming at Irvine Firm
[twitter name=”name”][/twitter] By PETER J. BRENNAN Manuel Ramirez is reluctant to add employees. When the chairman of RJI International CPAs was asked if he might add, say, 10 more this
Internal Controls – A Key Ingredient to Success!
Few restaurant and franchise owners would cite internal controls among the key ingredients to success. However, restaurant internal controls are crucial to operating a self-reliant business and minimizing financial mistakes
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
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
