News and Media

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

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 […]

Let’s Talk About “IRAs”

There are a smorgasbord of investments to choose from when planning for retirement. The Traditional IRA and Roth IRA are amongst the easiest ones to set up and manage. An “IRA” is a fancy acronym for an Individual Retirement Account. Depending on your personal situation, you may want to choose contributing to a Roth over […]

S Corporation Health Insurance Premiums

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 […]

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 girl’s […]

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 […]

This Halloween Don’t Be A Horror Story

Just a quick note to wish everyone a safe Halloween, and to be watchful when driving for the kids out looting and pillaging your neighborhood for treats! Also, while reading an email blast from the AICPA today, I was reminded that Identity Theft can be a real life horror story, and you must be vigilant […]

CalCPA: Member Milestone

Onisko & Scholz, Long Beach, named Jeannie Clark a partner and promoted Brett Bradbury to manager and Jose Palafox to senior accountant ... Read More

Long Beach-Based CPA Conquers Mountains

His wife of 30 years was none-too-pleased with his decision. His two daughters said flat out he couldn’t go, and when he went for a check-up, the doctor said he’s certifiably crazy. But 63-year-old Paul Scholz, the managing partner of the certified public accountancy firm Onisko and Scholz in Long Beach, was in a funk. [...]

LA Business Journal: People on the Move

Onisko & Scholz is pleased to announce that Jeannie Clarkhas been named partner. Jeannie has worked at Onisko & Scholz since 2007 and has been in public accounting since 1987. Her areas of expertise include tax planning and preparation for closely held businesses, accounting services and state and local tax compliance engagements. Her industry experience includes: service [...]