Monday, June 17, 2019 Commencement Cermony - O&S would like to congratulate our CEO as he completes the MBA program at UCI Paul Merage School of Business. Diaz is featured in the UCI #WeAreMerage Commencement 2019 program recognizing his hard work, dedication and perseverance this journey required. See more information and videos on Oswaldo Diaz [...]
Long Beach Post, April 3, 2019 by Jason Ruiz in News Long Beach renters scored a small victory early Wednesday as the City Council voted to create an ordinance that will require landlords to provide financial assistance to those displaced by rent increases and some evictions. The victory comes after years of failed attempts by [...]
O&S named as #66 in the Los Angeles Business Journal "The List" 2019 Accounting Firms. "The List" ranks accounting firms by the number of accounting professionals in L.A. County. For more information on our services please visit us at www.oniskoscholz.com.
Background: Each year businesses are required to issue information returns (i.e. 1099 forms) reporting various types of payments, or in some cases receipts. Unless you happen to be a University or a Bank, most of the forms you will be sending out will probably be the 1099-Misc to report payments for services by non-employees. The [...]
As we approach the end of the year and many businesses are preparing to run their final payroll runs for 2018, we thought we would take a moment to remind business owners of a common mistake we see regarding how health insurance premiums are treated. For rank and file employees, employer paid health insurance premiums [...]
Interim Treasurer Fiatala Manu of the First Samoan Christian Congregational Church in Santa Ana has recently been charged with the embezzlement of upwards of $110,000. It is alleged that Manu wrote checks to himself from church bank accounts to feed a gambling addiction. He was called on the carpet about it when an [...]
At least this time is was in Las Vegas. Over 10 years apparently he pocketed $650k. Again ... no one ran into this guy in the casino? I'm just saying ... Some parishioners believed that he had a Robin Hood-type reason to steal. Remember, they're called con men because THEY GAIN YOUR CONFIDENCE AND THEY [...]
Now the Mayor of Compton alleges fraud. Who knew? It stopped the City from getting a line of credit to handle the $41mm deficit. Good luck getting an opinion from the auditors. Apparently the last audit had a "going concern clause". Here's hoping the auditor gives an opinion (rather than disclaiming). Oh ... what a [...]
Can I say "crappy"? Yes, I believe I can. And did. Apparently, First 5 Los Angeles has accumulated $800 million of taxpayer money that they're sitting on. They apparently spend $180 million per year but can't quite spend the whole amount they get ... so it sits in the bank. THAT'S OUR MONEY PEOPLE! "An [...]
Our now well known buddy, Robert Rizzo apparently secreted away $4.5mm in a hidden pension account. What I want to know is who the heck found this slush fund? My hat is off to the forensic accountants who discovered it.
