Healthcare Reform and Small California Employers
If you have 50 employees or less, here’s what’s coming There’s an oft-quoted (though nonexistent) Chinese curse that says, “May you live in interesting times.” Well, welcome to “interesting times” in the form of changes to our healthcare system. Though large employers were generally elated when the US Treasury Department announced a one year delay in implementing the “play or…
Read More »Jr. Posse Youth Equestrian Program
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 »Two degrees of excellence
Congratulations to two Sobul, Primes & Schenkel graduates ‘Tis the season to toss mortarboards in the air and applaud graduates from institutes of higher learning. We are proud to announce that two SPS employees are celebrating receipt of their graduate degrees. Cheers to Riza Marfori (Supervisor) for earning her MST (Master of Science in Taxation) from California State University, Northridge.…
Read More »Prepare for California’s worst season
Fire season is here… take steps to protect yourself Though California is frequently the butt of jokes for having no “real” seasons, Californians are all too aware that the state’s worst season (if you don’t count tax season) is fire season. This year fires are already in the news because we did not have much of a rainy season. The…
Read More »Our not-so-secret Portal
Sobul, Primes & Schenkel introduces the secure Client Portal Have you ever dreamed of being able to instantly access your individual tax return and payment vouchers as well as transferring financial files to us via a secure, web-based application? Who hasn’t, right? Then you will be excited to hear about the SPS Client Portal which was launched this year, to…
Read More »Low tech mail fraud – alive and kicking!
Beware of “official notices” You’ve long ago learned to trash those overdue notices for magazines you’ve never subscribed to and to ignore those Canadian lottery notifications. Be aware, however, that sophisticated fraudsters have learned the Achilles’ heel of small business owners – notices from the government demanding a relatively small payment. A father and son team was recently arrested, according…
Read More »Is it more taxing to give or to receive?
Changes to gift and estate taxes Although it didn’t receive as much publicity as other parts of the American Taxpayer Relief Act of 2012 (ATRA), estate and gift taxes also got a makeover by our representatives. Congress permanently increased the maximum estate and gift tax rate to 40% for estates of decedents dying after 2012, with an exclusion of $5,000,000,…
Read More »Strategies! Sobul, Primes & Schenkel looks to the future
Now’s the time to start planning for 2013 tax liabilities Though just a few months have passed since April 15th, it’s never too early to consider strategies for the new tax year. It’s especially important this year because of the many changes as a result of the American Taxpayer Relief Act of 2012, not to mention the tax changes resulting…
Read More »Newsflash: Summary of New Tax Law
Dear Clients and Friends, As you may have heard, the President signed and enacted the American Taxpayer Relief Act into law to avoid the “Fiscal Cliff.” The major federal tax provisions are as follows: The Bush-era tax cuts are made permanent and individual income tax rates remain the same for all except the newly defined “high income” taxpayers. The income…
Read More »FUN Raiser!
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…
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