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A Publication of RINA Accountants & Advisors -- December, 2021

RINA’S Core Values Say
Who We Are!

by Robin Brotman, CPA

RINA recently updated the firm’s Core Values, ensuring that they resonate after the stresses and lessons we have all experienced in the past couple years. 

“Who are we? What do we stand for? Where are we going? What is our purpose? How do we get there? What are the parameters that will guide this process?” 

As RINA Principal Charles Sterck teaches, the answers to these questions are the Core Values which form the basis of a firm’s corporate culture and outlines how they live in the world.

Here is what RINA knows are at its core...


Robin Brotman is RINA's Chief Operating Officer. She believes that delivering quality services to clients flows naturally from celebrating staff and supporting the firm's core values

Farewell to Joan Stockholm after 46 Years

Joan Stockholm will retire from her role as Firm Office Manager 16,878 days after she started typing financial statements for Henry Rooney at Rooney, Ida, Nolt and Ahern. 

From Friday, October 17, 1975 through Friday, December 31, 2021 this remarkable woman has strengthened, nurtured, and empowered the team and clients at the firm now known as RINA Accountants & Advisors.

Participating in CalSavers
is Not a Choice

The State of California is mandating that all employers who do not have their own retirement plan participate in CalSavers, a state-run, Roth-IRA-like retirement savings program.. 

 A 401(K) plan may be an excellent alternative.

New Standards for Review and Audit Engagements Becomes Effective Very Soon

New standards for reviews and audits will potentially require extra work for engagements after December 15, 2021. 

The American Institute of Certified Public Accountants (AICPA) updated the standards for these reports for the first time in many years. The goal is to provide clearer, more valuable information to clients..

Auditor reviewing work materials

LymeLight Foundation – A Lifeline for Those in Need
A Client Profile

The LymeLight Foundation believes that a significant piece of solving the growing Lyme disease problem is getting those sick well, so they can become part of the solution as the educators of tomorrow.

LymeLight is the only foundation in the nation with the core mission of funding significant medical treatment grants to adolescents and children suffering from Lyme who cannot afford proper care or medication.

What’s Next?
Managing Your Business' Future

None of us could have imagined the unbelievable year we just had, fires, smoke, power outages and of course the “Pandemic”. What if we have the power to foresee the future? What plans would you have in place if opportunities or upheavals arise so your business can not only survive but thrive?

For decades, companies large and small, from every imaginable industry, have employed a forward-thinking, strategic planning process known as scenario planning to achieve the excellent results.

RINA Calendar


December 15 

• SSARS No. 25 becomes effective for review engagements performed in accordance with SSARSs on financial statements. 

December 31
• Final due date for calendar establishing qualified retirement plans for 2022 calendar-year taxpayers. 


January 18 

• Individual estimates – Fourth quarter 2021 payment due. 

January 19 – 8:30-10am 

• RINA presents its annual commercial real estate update featuring Jeff Weil of Collier’s International 

January 31 

• Payroll/Household returns - Form 940, Annual Federal Unemployment Tax Return for 2021 due - Form 941, Employer’s Quarterly Federal Tax Return – fourth quarter 2021 due. - Forms DE9 & DE9c, Quarterly Contribution Return and Report of Wages – fourth quarter 2021 due. - Form W-3, Transmittal of Wage and Tax Statements for 2021, together with Forms W-2 and SSA. • Recipient copies - Form W-2, Wages and Tax Statement for 2021 to be furnished to employees from employers. - Form 1099 for 2021 to recipients of dividends, interest, non-employee compensation, etc. • Sales and Use Tax Returns - Fourth quarter for 2021 due. 


March 15 

• S Corporation and Partnership tax returns – 2021 calendar year returns due.

US Information Returns for 2021 

File Form 1099-MISC on paper or electronically by January 31, 2022, if you are reporting nonemployee compensation (NEC) I box 7 

 File Forms 1097, 1098, 1099, 3921, 3922, or W-2G on paper by February 28, 2022, or March 31, 2022, if filing electronically. File Forms 5498, 5498-ESA, 5498-QA, and 5498-SA by May 31, 2022.

RINA Legend – Jim Kohles
Celebrating 50 Years with the Firm!

Legends recognize, confront and, above all, respect their adversaries. They know that ultimately this is better for everyone. The path to legend is forged through challenges and in the company of partners and friends. Ultimately, at the end of the day, companies are the people who make them up. 

One of the legends of RINA is without a doubt Jim Kohles who recently celebrated his 50th year at the firm. Yes, you heard that right – Jim started at RINA in November 1971 which also happens to be when Intel released the world's first microprocessor, the 4004.

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