Onisko & Scholz, LLP Certified Public Accountants

BPM has expanded its presence in Southern California through a business combination with Onisko & Scholz, LLP Certified Public Accountants, effective January 1st. Read about this exciting news: https://bit.ly/3GXepsz

Reminder: Q4 estimated tax payment is due Tuesday, January 17, 2023.

Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment Plan now to make your 4th quarter estimated tax payment.

New year. New tax return. Reduce the headache with these great organizational tips. Plus some great alternatives to New Year's resolutions are presented for your consideration.

Client Update Newsletter: January 2023 It's tax time! In the next couple of weeks you will be inundated with W-2s and various informational tax forms like 1099s. By paying attention to them, ensuring their accuracy, and that you are getting them all, you will be miles ahead in getting your tax return done. Spend a minute reviewing ways t...

Late Breaking News! Here is what you need to know.

Here They Go Again... - Late-breaking IRS change You know that new reporting requirement the IRS is implementing? Well, it is changing as of December 23. Here is what you need to know.

Pro Tip with Kim!

Has your organization made its charitable contribution for the year?

You have until December 31st to make a difference in your community!

Reach out today if you have questions about charitable donations at 562-420-3100.

We hope you have a fantastic Holiday Season!

Social Security planning starts at an early age. Here is what you should be doing now!

Social Security Planning Starts Now - Even those in their 20s should review this tip! Too many think to pay attention to Social Security only when they near retirement. Do this at your own risk! Even those in their 20s should be taking action. Here are some tips.

People Matter!

Meet Kim Onisko - Partner at O&S and Avid Waterman

When Kim is not providing forensic accounting expertise, he is on the water sailing and competitive & open water swimming.

Want to learn more about Kim? Check out the link below.
https://oniskoscholz.com/kim-j-onisko-partner/

Q&A - Accounting Edition!

Today’s Question:
Is my organization subject to a single audit?

Answer From: Kim Onisko, O&S Partner, CPA, CFF, CFE, ABV
Your organization is subject to a single audit if it receives and spends funds of $750,000 or more from federal agencies in a fiscal year.

Pro Tip: The Single Audit - Formally known as OMB Circular A-133 Audit.

For more information about Single Audits, check out the link below!
https://oniskoscholz.com/single-audit-omb-circular-a-133/

If you or your business were not paid back for a loan, the IRS may allow you to take a tax deduction for the outstanding debt. Here's what you need to know.

Taxes and Uncollectible Debt - Tax ramifications can be good or BAD! If you are in the unfortunate situation of having a debt owed to you become uncollectible, you may be able to recoup some of the loss via a tax deduction.