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The SPSCPA Blog - Page 8 of 12


Newsflash – David Primes featured in Partners Magazine

David Primes Partner Magazine - Sobul, Primes & Schenkel CPA Los Angeles

From Partners Magazine, Fall 2011 Bright Lights, Big Paychecks The specialized field of entertainment industry accounting requires excellent investigation skills (to track those royalties!) – and a little hand-holding. By Fawn Fitter The PwC accountants who walk the red carpet on the night of the Academy Awards with the official vote tallies aren’t the only industry insiders to hobnob with Read More »

Rental Property Owners Don’t Have to File 1099s After All?

Rental Property Tax Law - Sobul, Primes & Schenkel CPA Los Angeles

President Obama signs 1099 repeal act In a recent client letter, and our February 2011 newsletter, we notified you of a new law requiring rental property landlords to file 1099s for all individuals and businesses that provide services to their properties totaling $600 or more a year. And, we told you to stay tuned for further updates. Here’s the latest. 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 »

Put Another Candle on our Birthday Cake

30 Years Sobul Primes Schenkel CPA Los Angeles

SPS turns 30 this year. In 1981 Dallas was the number one TV show, Cannonball Run was racing through movie theaters, the space shuttle program saw its maiden voyage, and IBM began selling something called a personal computer. While all this was going on, ten people in Brentwood quietly got together to form Sobul, Primes & Schenkel. Thirty years later, Read More »

The Wealth Squad Wants You!

Global Wealth - Sobul, Primes & Schenkel CPA Los Angeles

An introduction to the IRS’s busy new group The Global High Wealth Industry Group, also known as the “wealth squad,” is a team of experienced IRS specialists assembled  specifically to audit wealthy taxpayers. Depending on your point of view, this crack squad is either a scheme by the current leaders directed against the wealthy or a sincere plan to put Read More »

Lights! Camera! Levitt!

The Hollywood Reporter - Sobul, Primes & Schenkel CPA Los Angeles

The Hollywood Reporter spotlights Steve Levitt The Hollywood Reporter’s May 20, 2011 article entitled The Secrets of the Rich and Famous, named SPS’s Steve Levitt as one of their top 25 “Greenback Goliaths.” Steve also attended an event honoring those included in the business managers “power” list. The article discusses the unique challenges of entertainment industry business managers. You can Read More »

Newsflash – Steve Levitt Featured in The Hollywood Reporter

The Hollywood Reporter Steve Levitt - Sobul, Primes & Schenkel CPA Los Angeles

The Hollywood Reporter – May 20, 2011 The Secrets of the Rich & Famous Hollywood’s business managers tell tales about their clients ($600,000 at Barneys!) and how they rein them in By Eriq Gardner Not long ago, a celebrity client of entertainment business manager Evan Bell came to him with news of a girlfriend in London. This wouldn’t be terribly Read More »

Newsflash – Important 2010 Year-End Tax Alert

Tax Year End Update 2010 - Sobul, Primes & Schenkel CPA Los Angeles

As you all probably have heard by now, a new tax act was enacted.  The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate and gift tax relief, a two-year “patch” of the alternative minimum tax Read More »

Federal and California tax matters update

Federal California Tax Update - Sobul, Primes & Schenkel CPA Los Angeles

A follow-up to the recent letter we sent Sometimes letters can fall through the cracks. We hope that anything arriving at your house or office with a Sobul, Primes & Schenkel logo on it will be treated with reverence. But we’re realists and know that you may not always read what we send you. A recent letter, dated August 18, Read More »

Newsflash – Federal and California Tax Matters Update

Federal Calfornia Tax Matters - Sobul, Primes & Schenkel CPA Los Angeles

August 18, 2010 Dear Clients and Friends: FEDERAL AND CALIFORNIA TAX MATTERS UPDATE Significant tax legislation has been passed so far this year, and it is likely that even more changes are upcoming. We want to make sure you are aware of your opportunities and obligations with respect to some of these activities and what might be on the horizon Read More »