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Donations Archives - The SPSCPA Blog

 

Donations

Year-End Charitable Gift Tips from the IRS

IRS Tips on Charitable Donations. Los Angeles CPA

The IRS has provided tips and reminders to individuals and businesses making year-end gifts to charity. They highlighted the rules for claiming deductions for charitable contributions of clothing and household items along with the guidelines for monetary donations. Clothing and Household Items The IRS reminded taxpayers that donors must get a written acknowledgment from the charity for all gifts of Read More »

Sobul, Primes & Schenkel Annual Volunteer Day

Volunteer Day at Book Ends - Sobul, Primes & Schenkel CPA Los Angeles

The SPS workforce spends the day with BookEnds BookEnds is a Southern California-based nonprofit that, as they say on their website (BookEnds.org) “…recycles quality children’s books through student-run book drives and places them in schools and youth organizations.” Since 1998, BookEnds has donated more than two million books. BookEnds not only provides books to schools, but also teaches their student Read More »

Jr. Posse Youth Equestrian Program

Kids on Horses - Sobul Primes & Schenkel CPA - Los Angeles

Keeping kids on horses and off the streets Where’s the best place to go horseback riding? You may be surprised to learn there are some children who would answer, “Compton!” Twenty-year SPS veteran Valerie Chamberlain, Manager of our Business Management Department, has been volunteering with a unique non-profit kid’s organization, the Jr. Posse Youth Equestrian Program, otherwise known as the Read More »

What to Save When You Give?

Tax Deductible Receipts - Sobul, Primes & Schenkel CPA Los Angeles

A donation without documentation might not be a deduction Because of several recent court cases involving charitable donations being disallowed for lack of proper documentation, we want to remind you of the vital importance of obtaining and saving receipts and paperwork for charitable contributions. The shocker is that in some of the cases the court agreed the money had been Read More »

Water Buffalo Club’s 20th Birthday Bash

Water Buffalo Club 20th Birthday - Sobul, Primes & Schenkel CPA Los Angeles

“Standing in front of the room and leading a group in a giving situation that leads directly to such an amazing result was a wonderful opportunity for me.” That’s how Rick Schenkel describes what it was like to emcee the Water Buffalo Club’s (WBC) 20th Birthday celebration to raise funds for needy children in the Los Angeles area. There they Read More »

A Heavenly Night

Friends of the Observatory - Sobul, Primes & Schenkel CPA Los Angeles

Depending on when you read this, you may still have a chance to attend a very special evening, Cosmic Conjunction, or at least become aware of the good work of FOTO, Friends Of The Observatory. Our very own David Primes is currently President. Cosmic Conjunction is part of the Griffith Observatory’s celebration of the 400th anniversary of Galileo having first Read More »

A Walk on the Wild Side

The Nature of Wildworks - Sobul, Primes & Schenkel CPA Los Angeles

Contributing to the important work of The Nature of Wildworks Jeff Cameron, an SPS partner, and Mollie Hogan grew up next door to each other and have remained friends over the years. When she founded The Nature of Wildworks in 1995, Jeff offered to help. With Jeff’s leadership, SPS currently prepares annual financial statements and tax returns for the nonprofit Read More »