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The SPSCPA Blog - Page 4 of 12

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 »

Fraudulent IRS “Collection Calls”

IRS Fraudulent Call Alert - Sobul, Primes & Schenkel CPA - Los Angeles

In our last newsletter, we highlighted a telephone scam where callers, claiming to represent the U.S. Treasury or the Internal Revenue Service, are calling individuals and aggressively demanding immediate payment of “taxes” that are owed. The caller will claim that a warrant is already outstanding for the individual’s arrest, or that law enforcement will be notified if payment is not 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 »

Be an Identity Theft Crime Stopper

Stop Identity Theft - Sobul, Schenkel & Primes CPA Los Angeles

Put the freeze on your info Not too many years ago, the only people worrying about protecting their identities were Clark Kent and Bruce Wayne. Now it’s a concern for everyone. Unfortunately, identity theft is a multi-billion dollar industry. The Federal Trade Commission estimates that as many as 9 million Americans have their identity stolen each year. Thieves are very Read More »

SPS, the Cloud and Protecting Client Data

Protecting Data in the Cloud - SPSCPA Los Angeles

In the last SPS newsletter we discussed ways that we can protect ourselves when using services such as Dropbox “in the cloud”. But how is the cloud being used by SPS? And more importantly, what’s our accounting firm doing to protect our sensitive data? “The way that we use the cloud at SPS is for access to the Client Portal,” Read More »

Information about Employer Reimbursements of Individual Health Insurance Policies

Health Insurance Reimbursement Information - SPSCPA Los Angeles

For plan years beginning after 2013, the Affordable Care Act (ACA) institutes so-called market reform provisions that place a whole host of new restrictions on group health plans. The penalty for violating the market reform restrictions is a punitive $100-per-day, per-employee penalty, or $36,500 per-employee, per-year. With a limited exception, these new market reform provisions significantly restrict an employer’s ability Read More »

IRS Telephone Scam

IRS Phone Scam Information - SPSCPA Los Angeles

There seems to be a new scam or website that has been hacked discussed in the news on a daily basis, but here is one that you should not ignore. There appears to be a rash of fraudulent calls made, with the callers identifying themselves as representing the U.S. Treasury or the Internal Revenue Service. The Treasury Inspector General for Read More »

Cloud Computing – The Future is Here

Cloud Computing Safety - SPSCPA Los Angeles

But Is it Safe to Put Your Business in the Cloud? No doubt many are unclear as to what “cloud computing” even means. A Wakefield Research survey revealed that 20% of respondents pretended to know more about cloud computing than they actually did and 60% suspected their colleagues were also feigning knowledge. Sounds like a modern variation on the old Read More »

Water Buffalo Club Lifts Inner City Kids’ Hearts

Water Buffalo Club Helps Inner City Kids - SPSCPA Los Angeles

After 24 years working as a dedicated volunteer, SPS Shareholder Rick Schenkel recently served as MC for a gala celebrating the 25th Anniversary of the Water Buffalo Club (WBC). The 75-member WBC provides time and financial support to smaller children’s charities, as well as hosting events that foster a sense of well-being for under served children throughout the Los Angeles Read More »