International Tax Business Booming at Irvine Firm

JULY 2, 2018 RJI Edges Big 4 With Experience Sans Cost 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 year, he quickly said, “I hope not.” Ramirez, who doesn’t...

Don’t be the Next Victim

The Association of Certified Fraud Examiners (ACFE) just released their 2016 Report to the Nations on Occupational Fraud and Abuse and the results continue to be astounding. A typical U.S. business loses as much as 5% of its revenue each year due to corporate and...

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 derivative instruments, hedging transactions, share-based compensation,...

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 of taxes. Many states have discovery departments for the very purpose of...

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 surprassed $4.1 trillion. Read...

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 of “independent” members with at least one financial expert. Read...

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 case ruled in favor of taxpayers within the last two years and it comes on the...

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 be harder than complex. You have to work hard to get your thinking clean to make it simple. But...