While much of the rest of the U.S. business community is celebrating the new tax law, owners and executives at certain California businesses are groaning and scrambling to talk to their tax experts.
Vic Hausmaninger, founding partner of HBLA CPAs Inc. of Irvine, talked often last year with Business Journal Financial Editor Peter J. Brennan about the proposed tax bill. Hausmaninger wrote the following on what chief financial officers and other C-level executives should consider:
Community Foundation Different Than a Business
On a recent weekday in December, Tracy Branson visited a home in Huntington Beach to prep it for sale and look for a real estate agent. She estimated the house would fetch between $600,000 and $700,000.
Office, Retail, Other Projects Could Top 3M SF
If you pull up a map of Orange County on Google Earth and zoom into the region’s center, you’ll find yourself staring at the Tustin Legacy development.
New product and reinvestments made to existing buildings drove rental rate growth in the office market. As occupiers focus less on cost analyses and more on recruiting, labor retention and employee well-being, state-of-the-art and upgraded product is vital.
The Orange County region concluded the third quarter with overall favorable market fundamentals and strong retail demand, despite big-box changes and uncertainty in the retail climate.
Orange County’s industrial market hit the preverbal low point of the year with a handful of small but influential tenant vacancies negatively impacting occupancy gains. But they were softened by several other large deals, helping to keep activity on par with the previous quarter.
When businesses began budgeting for 2017 a year ago, few foresaw the dramatic economic effect of Donald Trump’s election to the White House.
Increase Tops 10% For First Time in Decade
Orange County’s credit unions are back to growing assets by double-digit percentages.
2-Year Growth of 208%; New Affordability Focus
A slowly improving U.S. housing market has boosted most large national homebuilders’ sales and bottom lines over the past few years.
Bank and Wealth Manager Doubles Sales in 2 Years
First Foundation Inc. doubled revenue in the past two years, making it the fastest grower among midsize publicly traded companies in Orange County.
Losses and Stigma Still Block the Stock
Terra Tech Corp.’s game plan in the budding recreational and medicinal marijuana industry aims to bring seed to sale under one roof.
Since 2012, The Civic 50, an initiative of Points of Light, has recognized the 50 most community-minded major corporations in the nation each year as determined by a survey developed by True Impact. For the first time in a local market, the Orange County Business Journal presents the 2017 Civic 50 Orange County in partnership with OneOC, recognizing the 50 most community-minded small, medium, and large Orange County companies.
‘Corporate Philanthropy Is in a Renaissance’
The list in this Special Report is unusual for the Business Journal in two ways. It’s a first—the first list of local-market Civic 50 honorees in the country. And it’s likely a first Business Journal list without financials. Rightly so.
Thousands of Hours, Cash Donated Every Year
A financial literacy program to teach young people better money habits. Ongoing training for nonprofit leaders. A food and supplies drive for homeless military veterans, whose donations nearly reach the ceiling.