News and Media

News and Media2018-10-15T13:09:26+00:00

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 what […]

O&S CEO Completes MBA Program at UCI Paul Merage School of Business

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 […]

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 and […]

Long Beach renters win victory: Leaders agree to require assistance for some evictions, rent hikes

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 […]

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. First, […]

Los Angeles Business Journal The List 2019 Accounting Firms

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 Read More

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 segue […]

1099 Reporting Hacks

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 […]

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, if […]

Tax Implications of the Federal Shutdown

For you over-achievers out there who are chomping at the bit to file 2018 tax returns, you may have to cool your jets for a while. While the Federal shutdown has not changed anticipated filing dates, there may still be some impact on you. IRS has furloughed 87% of their employees and many areas are […]