About Paul Scholz CPA

Paul Scholz, CPA, MST is the Managing Partner of Onisko & Scholz, CPA Firm in Long Beach, CA. He is in charge of the Firm's Tax Practice, and has a specialty in estates and trusts.

While You Were Out Celebrating…

One of the reasons I love the 4th of July is the open display of defiance to overregulation by the use of illegal fireworks. You can drive through some areas of town and see ample evidence of civil disobedience, despite threats of heavy fines by local governments. Pushing back against overregulation and taxation is [...]

By |2022-02-08T22:23:41-08:00July 9th, 2019|Pauls's Tax Blog|0 Comments

The Best Investment For Anyone

It’s pretty unlikely that I’ll ever be asked to speak at a commencement ceremony. I don’t have great academic accomplishments or a particularly storied Resume. I don’t even have a fancy robe with colored sashes and tassels. I guess I’ll never rise to that level of wisdom. But frequently I am asked for advice [...]

By |2022-02-08T22:24:07-08:00May 10th, 2019|Pauls's Tax Blog|0 Comments

Tax Season TV Ads

Based upon all the TV ads for H&R Block and Turbo Tax, I guess it must mean we are in tax season again. That would explain the piles of files on my desk and the weekends my team is putting in here at the office! So far, a couple trends are starting to appear. [...]

By |2022-02-08T22:24:48-08:00February 26th, 2019|Pauls's Tax Blog|0 Comments

Happy Valentine’s Day!

On this national day of love, hearts, flowers, and candy that we use to acknowledge those who are close to us, I want to encourage everyone to think about the one thing that ties it all together and makes this day meaningful for many – Cybersecurity! (What else??) The reason I used this tortured [...]

By |2022-02-08T22:25:32-08:00February 13th, 2019|Pauls's Tax Blog|0 Comments

Insurance Tax Planning

Do you, or someone you know, have a life insurance policy that you are paying premiums on but the insured could really use some cash now? One little noticed nuance about the Tax Cuts and Jobs Act of 2017 (TCJA) was a provision that changes the treatment of sales of life insurance contracts. Previously, [...]

By |2022-02-08T22:25:58-08:00January 21st, 2019|Pauls's Tax Blog|0 Comments

Check and Checkmate. Twice.

In case you missed it, last week the California Public Utilities Commission, a group of unelected State Regulators, proposed a plan to tax text messages. Apparently in the never ending pursuit of helping the disadvantaged afford cellular coverage our state ruling class saw a bountiful source of revenue. Just think of all the teenage [...]

By |2022-02-08T22:27:04-08:00December 18th, 2018|Pauls's Tax Blog|0 Comments

2018 Tax Reform – How do the changes affect you?

In December 2017, the President signed into law the Tax Cuts and Jobs Act (“Tax Act” or “Act”), which introduces the most significant changes to the U.S. tax system since 1986. With a few exceptions, the provisions are generally effective starting in 2018. However, many of the changes are temporary and scheduled to sunset after [...]

By |2021-07-16T00:25:38-07:00November 6th, 2018|General Tax And Accounting Information|0 Comments


As September 15 rolls into view its probably important to not only remind readers to make their quarterly estimated tax payments on time but also to evaluate whether they are sufficient. With the Tax Cuts and Jobs Act changing the tax landscape dramatically for some in 2018, you may want to refigure your payments. [...]

By |2022-02-08T22:28:59-08:00September 10th, 2018|Pauls's Tax Blog|0 Comments
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