In the News
Pay Zero Tax on Sale of Your Business/Stock/Other Assets!?
February 11, 2019 Pay Zero Tax on Sale of Your Business/Stock/Other Assets!? New Law 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...
It’s Only Been 20+ Years…..Not-for-Profits, Are You Ready?
December 3, 2018 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,...
Cost Segregation & Tax Reform – Opportunities for Increased Depreciation and Expensing
November 5, 2018 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...
Could a Change in Accounting Method Save Taxes?
October 29, 2018 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 the...
Cryptocurrency (and What it Means for Your Taxes)
August 20, 2018 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 alike. As Bitcoin and other...
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...
Internal Controls – A Key Ingredient to Success!
June 25, 2018 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 and threats. Restaurants tend...
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 More