The headlines from the federal tax law passed in December are long gone. What’s received less notice are new regulations being issued by the Internal Revenue Service for what in accounting circles is now called the TCJA, for the Tax Cuts and Jobs Act. Companies and their accountants are strategizing how to best reduce their tax burdens and avoid unintended consequences.
RJI Edges Big 4 With Experience Sans Cost
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.”
Headhunter Beacon Lays Out the Hottest Functions
Headhunter Ryan Milne gets right to the point for those seeking a high-paying job in accounting.
Local Industry Climbs For Seventh Straight Year
Orange County’s largest accounting firms accelerated hiring in the year ended May 31, pushing it up 3.3%, more than the 2.1% reported a year earlier, based on the Business Journal’s annual list.
RETAIL: Beauty, nutrition co. was handicapped by crashes
A digital transformation and IT overhaul launched five years ago helped Arbonne International LLC move from a stagnant retailer to a coveted takeover target.
APPAREL: Retailer puts ‘disruptive DNA’ into stores
Stance Inc. wants to make standing in line a distant memory at its retail shops.
REAL ESTATE: Bascom unit has 15 OC sites, 277K SF
Premier Business Centers doesn’t have the Wall Street buzz WeWork Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces.
Industrial Pipeline Biggest It Has Been Here in Years
There are signs of life for development in Orange County’s aging industrial market.
4M SF of New Ones Opened Here in Past Year
Orange County’s commercial development community was buoyed over the year ended April 30 by a surge of office openings, primarily in Irvine, the country’s biggest office market.
$9.1B in Commercial Work By Local Offices
Orange County’s largest commercial construction companies defied some worrisome regional trends to post their best revenue year in a decade.
REAL ESTATE: 1st direct OC investment for Rockpoint
A deep-pocketed Boston-based real estate investor has bought five offices in Aliso Viejo in what looks to be the priciest commercial property transaction in Orange County so far this year.
Advice from OC Financial Advisers
More than 1,000 financial advisers work in Orange County, spread across more than 100 financial firms. Some trade stock for broker dealers. Some provide advice, along with insurance. Some are registered investment advisers, also known as RIAs, providing only investment advice. And others offer a combination of all services.
The financial world is in an ongoing contentious debate—escalated by recently enacted regulations on fiduciaries—about the definition of a registered investment adviser versus an investment adviser who may also sell stocks and/or insurance.
Some Firms Stay Under Radar as Assets Swell
Orange County is home to a number of famous financial firms, including Pacific Investment Management Co. and Pacific Alternate Asset Management Co.
Firms Adapt to Trends, Including Robo Rivals
While the talk on Wall Street is about a decline in the number of stockbrokers, Orange County’s largest broker-dealers are coping.