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New York Times’ editorial board calls for financial trading tax

New York Times’ editorial board calls for financial trading tax

NEW YORK (Reuters) – The editorial board of the New York Times on Thursday called for a financial transaction tax on the buying and selling of U.S. stocks, bonds and derivatives, an idea that has gained traction in the Democratic presidential campaign. Democratic presidential candidates Hillary Clinton and Martin O’Malley have both called for a narrow tax […]

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CVS Health in $48 million settlement of lawsuit over hiding loss

CVS Health in $48 million settlement of lawsuit over hiding loss

(Reuters) – CVS Health Corp reached a $48 million settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its stock price. The all-cash settlement with investors led by three Massachusetts public pension funds was disclosed in […]

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Unions, charity accuse McDonald’s of avoiding 1 bln euros in tax

Unions, charity accuse McDonald’s of avoiding 1 bln euros in tax

LONDON (Reuters) – Labour unions and a charity accused fast food chain McDonald’s of avoiding around 1 billion euros ($1.1 billion) in tax between 2009 and 2013 by routing revenues through a Luxembourg unit and called on the European Commission to investigate. Corporate tax avoidance has become a hot political issue in Europe and the […]

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A Buy—Washington Post Co. Without the Post

A Buy—Washington Post Co. Without the Post

As reported in the news in the WS Journal,the Company Is Worth About $700 a Share, 20% Above the Current Price.  Washington Post Co.’s WPO -0.90% recent move to sell its flagship newspaper to Amazon.com CEO Jeff Bezos for $250 million signals a more investor-friendly approach by the low-profile company. The deal surprised Wall Street, where […]

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Other OC news – on the move, new ventures, good works, coming up, and overheard

Other OC news – on the move, new ventures, good works, coming up, and overheard

On the move Three executives have been promoted at the Irvine-based Mimi’s Cafe restaurant chain. Stuart Gee is now vice president of operations. He was previously central regional director of operations. Mike Foster and John Shackelford are now vice presidents of operations for the western and eastern regions, respectively. Foster was previously regional director of […]

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Recent IRS announcements for hurricane or disaster taxpayers

Recent IRS announcements for hurricane or disaster taxpayers

IRS recently announced relief for taxpayers who have been involved in hurricane or other disasters.  Below are the links to those affected taxpayers in various states including Louisiana, Mississippi, and Oklahoma. IR-2012-70, IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013 LA/MS-2012-14, Tax Relief […]

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Wall Street’s Soothsayers See Darkening Clouds

Wall Street’s Soothsayers See Darkening Clouds

As reported news in the Wall Street Journal, dark clouds are looming for the economy.  Here’s the article: Wall Street professionals earn a lot of their oversized paychecks playing the roles of modern-day clairvoyants, peering into the future and telling investors where the economy is heading.  As the presidential election drones on, you could be […]

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FTB Alert: California tax delinquents list includes notable names

FTB Alert: California tax delinquents list includes notable names

Cnet co-founder Halsey Minor, ‘Baywatch’ actress Pamela Anderson, ‘Girls Gone Wild’ founder Joseph Francis and boxer James N. Toney owe past-due taxes, California says.  As reported in an article, below, by Marc Lifsher and Scott Wilson, Los Angeles Times. SACRAMENTO – Halsey M. Minor, the Cnet co-founder and a high-tech business pioneer of the 1990s, […]

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Here we come, walkin’ down the street, get funniest looks from, everyone we meet, . . hey hey we’re the SBE

Here we come, walkin’ down the street, get funniest looks from, everyone we meet, . . hey hey we’re the SBE

Editor’s Note:  sorry for the title but all I could think about was the Monkees famous song, when I read the article posted by Jan Norman, my all time favorite business writer for the Orange County Register, whose posted article is entitled “State Tax Auditors to visit two more O.C. Cities.”  In truth and candor, […]

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Where Should You Start Your Business? California, Alaska, other?

Where Should You Start Your Business?  California, Alaska, other?

Editor’s Note:  I am a huge fan and admirer of Jan Norman, small business columnist for the Orange County Register.  The following article is from Ms. Norman and is worthy of consideration. It’s easy to start a business but starting one and succeeding will be the hardest thing you ever do.  Click on the photo […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney