What are the opening hours?

Monday 8am - 5pm Tuesday 8am - 5pm Wednesday 8am - 5pm Thursday 8am - 5pm Friday 8am - 5pm

Johnston Gremaux & Rossi

Home
United States
Pleasant Hill, CA
Johnston Gremaux & Rossi

We take a genuine interest in our clients and strive to understand how they define success; working

12/31/2024

Happy New Year from the Johnston, Gremaux & Rossi team!

12/27/2024

Who We Are
Johnston, Gremaux & Rossi, LLP was founded in 1973 to provide creative financial and tax solutions to privately held businesses and professional individuals throughout the Bay Area. When the firm began, we saw an opportunity to serve growing companies that needed high-quality financial services, tax services, and business advice at a reasonable cost. This continues to be the focus of our business today. Over the years, JGR has become a leading regional firm serving various clients in diverse industries.

We are committed to providing close, personal attention to our clients. We take pride in assuring you that the personal assistance you receive comes from years of advanced training, technical experience, and financial acumen. Our continual investment of time and resources in continuing professional education, state-of-the-art computer technology, and extensive business relationships indicate our commitment to excellence.

Contact us today at (925) 944-1881.

12/25/2024

Merry Christmas from all of us at JGR! 🎄 Today, we pause to celebrate this season's joy, love, and togetherness. We are deeply grateful for our clients, colleagues, and community who make what we do meaningful every day.

May your holiday be filled with warmth, laughter, and cherished moments with loved ones. Here's to a bright and prosperous New Year ahead!

12/24/2024

Not Every Disaster Allows for a Casualty Loss Tax Deduction
Many Americans have become victims of natural disasters in 2024. Wherever you live, unexpected disasters may cause damage to your home or personal property, creating a “personal casualty loss.” This is defined as damage from a sudden, unexpected, or unusual event, such as a hurricane, tornado, flood, earthquake, fire, act of vandalism, or terrorist attack. You can deduct personal casualty losses only if you itemize on your tax return and, through 2025, only if the loss results from a federally declared disaster. There is, however, an exception to the latter rule. Suppose you have personal casualty gains because your insurance proceeds exceed the tax basis of the damaged or destroyed property. In that case, you can deduct personal casualty losses that aren’t due to a federally declared disaster up to the amount of your personal casualty gains.

In some cases, taxpayers can deduct a casualty loss from the tax return for the preceding year and claim a refund. You may be able to file an amended return if you’ve already filed the relevant return.

Need help? Contact the office at (925) 944-1881 with your questions.

12/19/2024

Check out Our Career Opportunities at Johnston, Gremaux & Rossi, LLP!

JGR welcomes resumes from talented professionals. Full-time and part-time positions are available for qualified individuals.

Current Openings:
• Senior Tax Accountant CPA-Public Accounting
• Tax Manager, CPA- Full-Time/Part Time
• Senior Accountant/Manager CPA-Public Accounting
• Estate and Trust, CPA-Full Time/Part Time
• Tax Staff Accountant-Public Accounting

👉 Find out more at jgrcpa.com or call the office at (925) 944-1881.
Email your resume to Maria Da Maren at [email protected]

12/18/2024

Don't Miss This Important Deadline
If you’re subject to required minimum distributions (RMDs), you must take your 2024 RMD by Dec. 31 to avoid penalties. RMDs are mandatory withdrawals from retirement plans such as 401(k)s, IRAs, SIMPLE IRAs, and SEPs. Roth accounts aren’t subject to RMDs during the owners’ lifetimes. RMDs are taxable income subject to ordinary income tax (not long-term capital gains) rates.

Previous tax law required RMDs to begin at age 72 and imposed a penalty of 50% on missed withdrawals. The SECURE 2.0 Act raised the age to 73 and lowered the penalty to 25% (or 10% if corrected within two years). Younger taxpayers can be subject to RMDs if they inherit a retirement account. Contact the office as soon as possible for help calculating the correct amount for your RMDs. Here’s more from the IRS: IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023 | Internal Revenue Service. irs.gov/newsroom/irs-reminds-those-aged-73-and-older-to-make-required-withdrawals-from-iras-and-retirement-plans-by-dec-31-notes-changes-in-the-law-for-2023

12/17/2024

Unlocking Tax Savings: The Benefits of a Cost Segregation Study
A cost segregation study allows a business property owner to accelerate depreciation deductions. That, in turn, enables the owner to reduce current taxable income and increase cash flow.

A cost segregation study combines accounting and engineering techniques to identify building costs that are properly allocable to tangible personal property rather than real property. It then allows the personal property to be reclassified for tax purposes and deducted over a much shorter depreciation period. This strategy has been consistently upheld in the courts.

Read more: jgrcpa.com/newsletter.php?date=122024 #2

Contact the office at (925) 944-1881 for further details.

12/12/2024

Feeling Charitable? Be Sure You Can Substantiate Your Gifts
As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you itemize, you’ll need specific documentation, depending on the type and size of your gift. Here’s a breakdown of the rules: https://www.jgrcpa.com/newsletter.php?date=122024 #3

Contact the office at (925) 944-1881 if you have any questions.

12/10/2024

Get QuickBooks Ready for 2025: Things You Should Do in December
December always flies by. You’re trying to finish end-of-year work while squeezing in time for holiday activities. And you know your customers and vendors (and employees, if you have them) are experiencing the same time crunch. Read more: https://www.jgrcpa.com/newsletter.php?date=122024 #7

Contact the office for answers to your QuickBooks questions.

12/05/2024

The U.S. Election Outcome Likely to Have Major Impact on Taxes
Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this mean?

First, many provisions in President-Elect Donald Trump’s signature tax legislation from his first time in the White House, the Tax Cuts and Jobs Act (TCJA), are scheduled to expire at the end of 2025. Now, there’s a better chance that most provisions will be extended.

Second, the former and future president has suggested many other tax law changes during his campaign. Here’s a brief overview of some potential tax law changes: https://www.jgrcpa.com/newsletter.php?date=122024 #1

If you have questions about how you might be affected by potential tax law changes, please contact the office at (925) 944-1881.

12/03/2024

Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
As the year winds down, you may want to combine estate planning with tax savings by taking advantage of the gift tax annual exclusion. It allows you to give cash or property up to a specified amount to unlimited family members and friends each year without gift tax implications.

That specified amount is subject to annual inflation adjustments. For 2024, the amount per recipient is $18,000. Notably, in 2025, this amount will increase to $19,000 per recipient. Why is this significant? The amount was stagnant at $15,000 for several years (2018 to 2021). Beginning in 2022, the amount has increased by $1,000 annually due to inflation.

Each year, you need to use your annual exclusion by December 31. The exclusion doesn’t carry over from year to year. For example, if you don’t make an annual exclusion gift to your granddaughter this year, you can’t add the $18,000 unused 2024 exclusion to next year’s $19,000 exclusion to make a $37,000 tax-free gift to her next year. Contact the office at (925) 944-1881 with any questions.

12/02/2024

Seniors: A Tax-Wise Alternative to Selling Your Appreciated Home
In recent years, the residential real estate market has surged in many areas. That means many homes have greatly appreciated, and the $250,000 home sale gain exclusion ($500,000 for joint filers) isn’t always sufficient to protect a home sale from federal income taxes. The transaction may bring a painful tax bill if you’re a senior considering selling your highly appreciated home. One alternative to consider is aging in place.

If you remain in your home until your death, the tax basis generally will be adjusted to your home’s fair market value as of your date of death. When your heirs sell the house, they’ll owe federal capital gains tax only on appreciation after this date. The rules are a little more complicated for married couples, but ample tax savings can still be reaped from aging in place.

Tax planning usually requires action, but this is one situation where it might make sense to wait. Contact the office to determine if this strategy suits you and your family.

Address

333 Civic Drive
Pleasant Hill, CA
94523

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+19259441881

Website

https://www.jgrcpa.com/

Alerts

Be the first to know and let us send you an email when Johnston Gremaux & Rossi posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Johnston Gremaux & Rossi:

Shortcuts

Address
Telephone
Opening Hours
Alerts
Contact The Business
Claim ownership or report listing

Want your business to be the top-listed Accountant in Pleasant Hill?