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.
Sri Lanka's coalition government on Saturday won the final vote on its 2017 budget which aims to boost revenue and cut the fiscal deficit to 4.6 percent of GDP from this year's 5.4 percent with a more than two-thirds majority. The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion rupees ($12.36 billion) year on year, to meet a commitment given to the International Monetary Fund in return for a $1.5 billion loan in May Some opposition members backing defeated former leader Mahinda Rajapaksa, now a parliament member on the opposition benches, voted against the budget. The coalition government of President Maithripala Sirisena's center-left party and Prime Minister Ranil Wickremesinghe's center-right party struggled to implement key 2016 budget proposals as they disagreed on raising the value added tax (VAT) until last month.
CHICAGO/NEW YORK (Reuters) - The financially struggling Chicago Board of Education next week will sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand a bankruptcy filing. The $500 million of capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax levy earmarked exclusively for capital spending and not by the school district's junk-rated general obligation pledge. The Chicago Public SchoolsÂ cannot file for bankruptcy under Illinois law. Full Article
By Dave Graham MEXICO CITY (Reuters) - Donald Trump's threats to battle Mexico over trade, investment and jobs have pushed a growing number of companies operating in the country to put expansion plans on hold until the president-elect fleshes out his policies, business leaders have told Reuters since the Nov. 8 election. Pledging to recast a joint trade deal and protect U.S. industry from outsourcing to Mexico, Trump landed his first blow last week, announcing a deal with United Technologies Corp's Carrier unit to stop it shifting about 1,000 jobs south of the border. Trump's unorthodox move, involving state tax breaks, sent a chill through executives still uncertain which policies the president-elect would pursue upon assuming office on Jan. 20.
By Nick Carey and Susan Cornwell WARSAW, Indiana/WASHINGTON (Reuters) - When Donald Trump takes over as president on Jan. 20, one of the first business tax breaks he delivers is likely to go to the U.S. medical device industry and companies like Mark Throdahl's. The chief executive of OrthoPediatrics Corp, based in northern Indiana, said his company has been able to hire more workers since the temporary suspension effective last January of a federal tax on medical devices. The tax was imposed as part of outgoing President Barack Obama's signature 2010 healthcare law. Throdahl said he hopes the incoming Republican-led Congress and president will permanently repeal the tax.
Q2 2017 H & R Block Inc Earnings Call Full Article
Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the election of Donald Trump as U.S. president, and a new high for transportation stocks added to the bullish tone. The gains came even as Trump's comments on prescription drug pricing wounded the healthcare sector. U.S. equities have scaled new highs since the election, with investors encouraged by Trump's plans for economic stimulus and to reduce corporate taxes and regulations.
Nearly 2 million immigrants with college degrees in the United States are out of work or in low-skilled jobs at a cost of billions of dollars in tax revenue every year, researchers said on Wednesday calling for "smarter" immigration policy. In a report Washington DC-based thinktank Migration Policy Institute (MPI) said college-educated immigrants employed in low-skilled jobs miss out on more than $39 billion in wages. As a result, government loses out on more than $10 billion in taxes it would have otherwise collected, according to the report which MPI says offers the first-ever estimates of the economic costs of "brain waste". Full Article
Chicago's public school (CPS) system plans to sell a new type of bond issue in an attempt to separate the debt from the district's severe financial woes and protect it in a potential bankruptcy filing, according to a document released by the district on Tuesday. The preliminary prospectus for the debt indicates the Chicago Board of Education will issue $500 million of bonds secured solely by a capital improvement property tax and not by the district's general obligation pledge. Full Article
(Reuters) - Suncor Energy, Canada's largest oil and gas company, said on Monday that it had resolved a dispute with the Canada Revenue Agency (CRA) over its income tax treatment from 2007. The Tax Court of Canada's decision closes the dispute between CRA and Suncor over the company's income tax treatment of realized losses in 2007 on the settlement of certain derivative contracts, Suncor said in a statement.
By Fergal Smith TORONTO (Reuters) - Canada's benchmark stock index rose on Monday as recent strength in commodity prices supported the energy and materials groups, while a fresh record high for the Dow Jones industrials boosted investor confidence. Wall Street has rallied since the U.S. election as investors bet that President-elect Donald Trump will deliver significant economic stimulus and cuts in corporate taxes and regulations. U.S. optimism "is carrying over into our market," said Brian Pow, vice president, research at Acumen Capital Partners. ...
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
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