Certified Public Accountants
...Freeing clients to pursue their passions since 1981

Uncategorized Archives - The SPSCPA Blog



Is it Time to Make Those Gifts to Family Members?

Estate Planning, Los Angles CPA

For decades, one of the most popular and effective methods to transfer family wealth to younger generations was through Family Limited Partnerships (FLP). Parents would set up an FLP and contribute assets, such as real property, to the FLP. They would then make gifts of minority interests in the Limited Partnership to their children and grandchildren. Since a minority interest Read More »

Check Fraud Protection: Individual and Business Accounts Are Not Treated The Same

Positive Pay Check Fraud Protection - Sobul, Primes & Schenkel CPA Los Angeles

Today’s advanced technology makes it easier than ever for criminals to fraudulently replicate your checks. Individuals generally have 30 days from the receipt of their monthly bank statement to notify the bank of suspicious activity in their account. Typically, the bank offers free protection from fraudulent activity, and will happily reverse the transactions to keep their customers’ accounts secure. But Read More »

The #1 Challenge: Attracting & Keeping Great Staff

Sobul, Primes & Schenkel CPA Los Angeles Building

Attracting and keeping great people is the number one challenge facing accounting firms today. Actually, if you ask almost any business owner, he or she will say their people are their most important asset. As a firm, we put a lot of emphasis on this challenge. As you may have seen in our last newsletter, most of the partners and Read More »

The World Meets at Bellagio

CPAAI Convention at Bellagio - SPSCPA

The 49th Annual Meeting of CPA Associates International They came from Sydney, Tokyo, London, Milan, Toronto, Mexico City and just about every corner of the United States. The one thing that everyone had in common was membership in CPA Associates International, the organization that gives SPS clients global representation. Most of the SPS partners and their wives were there, building Read More »