We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success.
Republican presidential nominee Donald Trump said on Thursday he would work with U.S. lawmakers if elected to tie federal funding and tax breaks for colleges and universities to a "good faith" commitment by them to lower tuition costs for students. "If universities want access to all of these federal tax breaks and tax dollars paid for by you," Trump told a rally in a Philadelphia suburb, "they have to make good faith efforts to reduce the cost of college." Trump did not offer specifics on how he would tie federal funding to changes in college tuition.
CHESTER TOWNSHIP, Pa. (Reuters) - Republican presidential nominee Donald Trump said on Thursday that if elected he would work with U.S. legislators to tie federal funding and tax breaks for colleges and universities to a "good faith" commitment by them to lower tuition costs for students. "If universities want access to all of these federal tax breaks and tax dollars paid for by you," Trump said at a rally in a Philadelphia suburb, "they have to make good faith efforts to reduce the cost of college." (Reporting by Emily Flitter; Editing by Sandra Maler)
By Emily Stephenson WASHINGTON (Reuters) - Democratic U.S. presidential nominee Hillary Clinton on Thursday proposed raising taxes on inherited property to 65 percent for the largest estates as she bolstered plans for tax hikes on the wealthiest Americans. Known by conservative opponents as the "death tax," the estate tax, levied on property such as cash, real estate, stock or other assets transferred from deceased persons to heirs, currently is imposed only on inherited assets worth $5.45 million or more for an individual. Clinton's plan, posted on her campaign's website, would raise the estate tax from the current 40 percent to 45 percent, the rate that existed in 2009.
The public policy research arm of the State University of New York reported that taxes mainly on sales and personal and corporate income slumped by 2.1 percent in the second quarter based on preliminary data, after growing just 1.6 percent in the first quarter compared with the same quarters in 2015. "The sharp declines in oil prices and the weak stock market appear to be the primary causes of the depressed state tax revenues. This weakening raises a yellow flag for state budgets," the report concluded.
By Joseph White DETROIT (Reuters) - General Motors Co on Tuesday announced its Chevrolet Bolt electric vehicle will cost under $30,000 after tax breaks, a price that makes it significantly cheaper than the average new U.S. vehicle and sets up a test of whether the technology can go mainstream in the United States. The least expensive Bolt will start at $37,495 before a $7,500 federal tax credit, meaning it would sell for $29,995, GM said. The Bolt will have a driving range of 238 miles on a full charge, substantially more than any currently available electric vehicle at a similar price.
By Annabella PultzNielsen COPENHAGEN (Reuters) - Denmark edged closer to an early general election as a political row over tax cuts for the wealthy escalated over the weekend, threatening to bring down the minority Liberal government that took office just 15 months ago. The Danish People's Party (DF), one of several that props up the center-right government by voting with it in parliament, rejected a demand by another one, the Liberal Alliance (LA), to cut the top rate of income tax by 5 percentage points. "Are you ready for a general election?," DF leader Kristian Thulesen-Dahl asked delegates in his opening speech to the party's annual conference on Saturday.
The last piece of Chicago's pension funding puzzle fell into place on Wednesday with final approval of a tax on water and sewer usage to save the largest of the city's four retirement systems from going broke. The tax, passed in a 40-10 city council vote, is projected to raise an estimated $240 million a year once it is fully phased in over five years, helping Chicago gradually increase contributions to its municipal retirement system, which is projected to run out of cash within 10 years. Chicago has already authorized a phased-in $543 million property tax for its police and fire retirement systems and a telephone surcharge increase for its laborers' pension fund. Full Article
Sept 9 (Reuters) - Inspur Software Co Ltd * Says unit's JV with South Korea's LG Electronics is ordered to pay income tax of 49.9 million yuan ($7.47 million) for 2011 Source text in Chinese: http://bit.ly/2bXj24f Further company coverage: ($1 = 6.6796 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) Full Article
By Hilary Russ NEW YORK (Reuters) - New Jersey Governor Christie said on Friday the state would begin taxing income earned by people who work in New Jersey but live in Pennsylvania, ending a long-standing arrangement with the neighboring state. Pulling out of the nearly 40-year old "reciprocity" agreement would allow New Jersey to raise more revenue starting Jan. 1. Christie, a close ally of Republican presidential nominee Donald Trump, said in a statement that he was forced to act because the Democrat-controlled legislature created a $250 million budget hole in June by relying on public employee health insurance cuts they have not yet made.
Ireland's cabinet agreed on Friday to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has imposed on the iPhone maker, despite misgivings among independents who back the fragile coalition. The Commission's ruling this week that the U.S. tech giant must pay up to 13 billion euros ($14.5 billion) to Dublin has angered Washington, which accuses the EU of trying to grab tax revenue that should go to the U.S. government. With transatlantic tensions rising, the White House said President Barack Obama would raise the issue of tax avoidance by some multinational corporations at a summit of the G20 leading economies in China this weekend.
Grant Niman is the founder of Niman & Associates, Inc. Grant began his career with the Internal Revenue Service, and subsequently spent four years at Price Waterhouse in the Entrepreneurial Services Group. Grant then worked with BDO Seidman where he was part of the firm’s national committee for state and local taxation. He was a founding partner of Raimondo Pettit Group, where he specialized in assisting high wealth individuals and closely held corporations with tax planning and wealth preservation strategies.
Grant formed Niman & Associates in September 2008, with the focus on providing value added services to high net worth individuals, families and closely held businesses.
His expertise encompasses the areas of business management, estates and trusts, and in particular assisting families in the sound accumulation and transition of wealth. His family office services include multi-generational planning, tax and estate planning as well as day-to-day operations.
Grant is a graduate of the University of California at Santa Barbara, and has over 25 years of public accounting experience. He is a Certified Public Accountant licensed to practice in California. He is a member of the Tax and Personal Financial Planning Sections of the American Institute of Certified Public Accountants, and holds their Personal Financial Specialist designation. He is also a member of the California Society of CPAs and the South Bay Estate Planning Council.
Jennifer Shafer is Managing Director at Niman & Associates, responsible for the overall management and operation of the firm and for client satisfaction. She worked as a tax manager at Raimondo Pettit Group responsible for estate and trust tax matters, and together with Grant and Carol Raimondo formed the nucleus of one of the most-respected...Continue ReadingDownload vCard
Greg Breen is Director of Tax Services at Niman & Associates. He specializes in corporate and business taxation, having worked for the last two decades in internal tax management positions for several multinational businesses, most recently IBM. Before joining industry, Greg worked as a Senior Manager with Price Waterhouse, having spent...Continue ReadingDownload vCard
Carol Raimondo is Director of Estate & Trust Services at Niman & Associates. Carol was a founding partner of Raimondo Pettit Group, prior to that, she was the director of the tax practice of the Torrance office of BDO Seidman. She also worked with KPMG Peat Marwick and a local accounting firm. Her expertise includes business structure...Continue ReadingDownload vCard
Linda Quane is Director of Accounting Services at Niman & Associates. In that position, she is responsible for overseeing our compilation, review and other assurance projects, and ensuring that those projects comply with regulatory and technical guidance. Linda is a Certified Public Accountant licensed to practice in California and...Continue ReadingDownload vCard
At Niman & Associates, we believe that three core values drive our business and our service to clients. These are Professional Expertise, Client Focus, and Superior Quality.
We are a new firm yet with years of experience. Our expertise comes from the skills and capability of our employees, all of whom have a number of years working in a client-centered environment. Beyond competence and a commitment to excellence, our employees also share a commitment to ethical behavior and integrity. We believe integrity is essential to our success and the continued success of our clients.
Clients are the lifeblood of our business and the reason we exist, and they are deserving of our respect. We believe that respect for our clients dictates that we have a continuing awareness of our clients’ situations, that we be responsive (both in timeliness and in relevance), that our advice take into account the client’s business environment and values, and that fees we charge be expected and reasonable. Being client-focused also means that we understand our role as a member of a client’s financial advisory team and we work to be sure that clients receive solutions that address overall needs, and not merely academic discussions of tax rules.
We focus on a limited set of services and do them well. Our primary focus is the family or closely held business and its owners. We provide estate and income tax planning and compliance services, business management services, and financial accounting. We also provide ancillary services. Our objective is to ensure that client wealth is preserved with the ultimate goal of allowing clients the desired degree of control over the ultimate disposition of those assets. We pride ourselves on our continued ability to deliver differentiated service to our clients.
Family Office Services...A family office involves centralized management of the financial affairs of an individual or family (typically spanning more than one generation). The user of family office services often wishes to focus on entrepreneurial, financial, creative or charitable projects without having to be concerned about business or tax affairs. Niman & Associates’ family office services provide a number of benefits to individuals and family members: summarizing and analyzing information so that clients are freed up to make higher level decisions; alignment of wealth planning objectives and financial management; estate planning; asset allocation; and outsourcing of reporting obligations. Family office services can include:
Estate & Trust Services...Estates and trusts are governed by the California Probate Code and are subject to oversight by the California courts. Niman & Associates has substantial experience in preparing accounts and reports that comply with the exacting legal requirements of the Probate Code. We will work with attorneys, trustees, financial intermediaries and advisers, and others to plan and maintain trusts. The comprehensive services offered by Niman & Associates include the following:
Business & Individual Tax Service...Niman & Associates provides a full array of tax services. In addition to helping individual clients to comply with federal and state tax filing requirements, Niman & Associates has significant experience with the tax compliance issues of corporations, limited liability companies, partnerships, and not-for-profit organizations. Our expertise includes assistance to the multi-jurisdiction entity, and we offer multi-state and international tax compliance and planning services. Tax preparation services include the preparation of income tax returns, property tax renditions, business license forms, and payroll and sales tax returns; the computation of estimated taxes; and projections of estimated tax exposure and liability.
Accounting & Consulting Services...Accounting and consulting services. Niman & Associates has substantial experience in tax planning, consulting and accounting services. We provide accounting and bookkeeping services including write up work and financial statement preparation, both for businesses and (increasingly) for individuals who actively manage their financial affairs. This compliments the tax planning as one element of overall financial planning. We integrate these services with our clients’ long term objectives, and look for all alternatives to a given course of action. Our services include overall tax minimization for individuals and families and their ventures; assistance with corporate and entity structures; and the review of tax strategies, investments and insurance coverage. While we consult on insurance, investments and mortgage vehicles we do not sell, receive commission or any other remuneration on client decisions.
Niman & Associates, Inc
2260 E. Maple Ave.
El Segundo, California 90245
Weekdays, 8-5PM PST
Extension: 206 vCard
Extension: 210 vCard
Extension: 208 vCard