Rick Schenkel has been involved with the Water Buffalo Club — a charitable organization helping at-risk kids in the Los Angeles area — for over 30 years. The WBC's overhead is completely funded by membership dues, allowing 100% of all received donations to go to small, local … [Read more...]
Marta Botten Honored on Future of Business Management List by Trusted Advisor
The business management team at Sobul, Primes & Schenkel is known as one of the best in the field. So, we weren't surprised when Marta Botten (Principal) landed on another list of honorees. This month, Marta was honored on Trusted Advisor's The Future of Business Management list. “This year’s … [Read more...]
Rick Schenkel Named in Los Angeles Business Journal Top 100 Accountants of 2022
Los Angeles Business Journal has released its top 100 accountants of 2022, and our own Rick Schenkel (Managing Shareholder) has made the cut! We were thrilled to hear the news and wanted to share it with you. Top 100 Accountant 2022 – Rick Schenkel Rick Schenkel started with the Sobul, … [Read more...]
Business Managers Guard and Grow Assets of Showbiz Stars
The current issue of Variety includes their list of Elite Business Managers. We are happy to share that SPS’s own Steve Levitt (Shareholder), Rick Schenkel (Managing Shareholder), and Marta Botten (Principal) were included on the list. Thanks to everyone at SPS and our business management … [Read more...]
SPS Partner Featured in Variety Article on Real Estate Investments
Sobul, Primes & Schenkel’s partner Steve Levitt was featured in Variety’s article “Biz Managers Advise Clients on Real Estate Investments Amid Shifting Market.” We want to share the article with you. If you have any questions or need any help, please feel free to reach out to us at (310) … [Read more...]
12 Tips to Keep Your Online Credit Card Purchases Safe
The internet is a jungle full of predators, and your credit is their prey. According to the FBI's Internet Crime Complaint Center, most cybercrimes committed in 2017 were related to internet shopping. A record 15 million people were victimized by identity fraudsters in 2016. This surge was impelled … [Read more...]
Forget the Playoffs, College Football’s All About New Tax Laws and Tickets
In 1986, two years into Ronald Reagan's second term, the Democrats regained a Senate majority. David Pryor, a Democratic senator from Arkansas, used his new position as chairman of the Senate Subcommittee on Oversight of the Internal Revenue Service, to launch an attack on what he called the IRS' … [Read more...]
Opportunity Funds: Do Well by Doing Good
Opportunity Funds explained by SPSCPA.com There's a new type of investment fund available called "Opportunity Funds" that might benefit two groups of people. Interestingly, these groups are often not well-acquainted with each other: 1) those who have large investment profits and 2) … [Read more...]
Old School Rules Control Taxes on New Age Cryptocurrencies
Investing in cryptocurrency moved mainstream last year and now more people are staring down tax bills from their big gains. The only official IRS guidance about the tax consequences of your adventures in the Jurassic jungle of cryptocurrency trading is from 2014. And that four-year-old … [Read more...]
Section 1031 Exchange, New Rules You Want to Know
Changes in the Tax Cuts and Jobs Act have made this strategy even more attractive to real estate investors. Under the new Tax Cuts and Jobs Act, the benefits of combining cost segregation and Section 1031 exchanges have become an even more important tax strategy for real estate investors than … [Read more...]
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