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

Charities and Donations Archives - The SPSCPA Blog

Charities and 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 »

SPS Spotlight: Mark Umemoto and AthletesTouch

AthletesTouch - Sobul, Primes & Schenkel CPA - Los Angeles

Sobul, Primes & Schenkel is excited and proud its newest principal, Mark Umemoto, exemplifies the spirit of community service that we cherish at SPS. Mark is an active member in the networking organization, AthletesTouch (www.athletestouch.co). AthletesTouch is a collective of over 300 former college and professional athletes who work together to grow and succeed in the business world. Mark played 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 »

FUN Raiser!

Howie Mandel Water Buffalo Club Funraiser SPS CPA Los Angeles

The Water Buffalo Club and Howie Mandel are in it for the kids Though water buffaloes are an endangered species in Southeast Asia, they were in plentiful supply at the Skirball Cultural Center October 13, 2012, during a wildly successful evening of fund raising and fun hosted by Howie Mandel! The Water Buffalo Club (WBC) – a local service organization Read More »

Annual Volunteer Day at SPS

Operation Gratitude - Sobul, Primes & Schenkel CPA Los Angeles

Wondering where we were on November 2? One day every year Sobul, Primes & Schenkel closes up shop completely and focuses on a non-profit project. This year SPS showed up en masse at the National Guard Armory in Van Nuys to spend the day working with Operation Gratitude. Operation Gratitude’s mission is simple – sending care packages to the U.S. Read More »

Motion Picture & Television Fund

Motion Picture and Television Fund - Accountants Los Angeles

“…dedicated to offering programs and charitable services…” Film Strip When Sobul, Primes, & Schenkel was approached to participate in an effort by the “Hollywood” business management community to raise $1,000,000 for the Motion Picture Television Fund, we stepped right up. The MPTF, as it’s known to its friends, was founded 90 years ago by luminaries Mary Pickford, Douglas Fairbanks, Charlie 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 Buffalos spotted on the Santa Monica Pier

Christmas in June Water Buffalo Club Sobul Primes Schenkel CPA Los Angeles

Water Buffalo Club celebrates “Christmas in June” Our Rick Schenkel has been a member of the Water Buffalo Club (WBC) – a local service organization with the motto “Big Kids Helping Little Kids” — for over 20 years. The WBC hosts an annual summer event at the famous Santa Monica Pier for 200 inner-city kids (many of whom have never Read More »