Rosenbaum Sobel Weinrub LLC About Us

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Welcome! At Rosenbaum Sobel Weinrub LLC we offer a wide range of services dedicated to serving the unique needs of each of our clients. Founded in 2011, our team brings years of experience in providing personal and professional accounting, tax, payroll, and business services to clients from all walks of life, and we have earned the trust of our extensive client base. We look forward to serving your needs equally well.

COVID-19 UPDATE (May 26, 2020)

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Dear Clients and Friends:

As the Coronavirus (COVID-19) continues to affect local communities and global economies, you may have concerns about your financial well-being. There are limitations on our physical work environment due to COVID-19; however, we’re working to minimize disruptions and impacts to you so that we can still offer the same level of superior service and support you have come to expect from our team.

We have implemented procedures to protect the health and safety of our staff, clients and community. If you have tax or financial planning questions or need advice on ways to navigate the expanded relief benefits available, we are here for you. If you have any questions or concerns, please do not hesitate to contact us.

We are proud to have helped many of our clients receive forgivable loans under the Cares Act Paycheck Protection Program. Some funds are still available under this program if you need our assistance in applying, please contact us. If you have received a loan, we are glad to assist you in navigate the complicated rules regarding applying to forgiveness. As of May 25, 2020, we still awaiting clarification on the regulations.

Presently the Small Business Administration is not offering Emergency Disaster loans and the State of Florida no longer has the Bridge loan program available for assistance. We will update our website if these programs reopen.

Expanded unemployment benefits are available, if you need to apply with the Florida Department of Economic Opportunity the website is connect.myflorida.com.

Below is a high-level summary of some of the key provisions impacting individuals and small businesses.

Relief available

There are several recently enacted tax changes and new or expanded benefits that might be helpful to you.

Income tax provisions:

Recovery rebates:

Retirement accounts:

Student loans:

Our firm remains open and available to serve you

Our commitment to you:

During this unpredictable and challenging time, it’s more important than ever to stay connected. We’re in this together and our thoughts go out to all that have been impacted by this unprecedented situation.


COVID-19 UPDATE (April 1, 2020)

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Dear Clients and Friends:

Last night the Department of Treasury finalized the Application form for the Paycheck Protection Program (PPP loan). Click the link here for the final version PPP Application. You must complete it and submit it to your Bank. The filing begins Friday, April 3rd. Therefore, you should have it ready and sent to your banker by Thursday, April 2nd, if they will accept it from you. We have attached it to this message, along with the instructions and information form. PPP Borrower Information Fact Sheet-1

Please call the bank and find out what attachments they require. The attachments might include Payroll Tax Forms, Income Tax Returns, Forms 1099, and Medical Insurance bills. Each bank might be different. Also included in this post is an example excel spreadsheet with the calculation as to the amount of the loan. Copy of SBA Loan - CARES Act worksheet 3.30.2020-C1

We will not be able to submit the application on your behalf because you have the relationship with your local banker, however, you can certainly put us as your CPA and the person who helped you complete the form.

Please remember, in order to have this loan forgiven, you must be able to substantiate your spending. Therefore, it is highly suggested that you put the proceeds of the loan into a separate bank account and pay the payroll, independent contractors, rent, medical insurance and taxes from this account. For those of you who use a payroll company, this might be harder. So let the payroll company continue to draw from the old account and then transfer the money directly from the new account to the old account. Make sure to keep all the records and paid bills together for proof that the money was used properly.

Finally, If this process feels overwhelming, we are here to assist you. Please contact us at the office 954-744-8440 for guidance regarding the Paycheck Protection Program.

Stay healthy,

Cindy, Steve, Jason and Team


COVID-19 UPDATE (MARCH 29,2020)

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Dear Clients and Friends:

Our Thoughts and Prayers are with everyone. In these turbulent times we all must all work together follow the safety guidelines we have been instructed and be SAFE and HEALTHY.

Rosenbaum Sobel Weinrub LLC has been declared a designated Essential Business and we are here to help our clients and everyone we can. We are working, mostly remotely, to finish your 2019 tax filings and her to help you navigate the maze of Government Financial Assistance Available to help you. Feel free to call or email us and let us know how we can help.

Key Developments:

Relief Payments - $1,200 per person and $500 per child living with you. These payments are available if your income is less the $75,000 per person ($150,000 per married couples) and phased out between $75,000 and $90,000. The income guidelines are based on your 2019 tax return or your 2018 tax return, if you have not yet filed 2019. If you received your refund or made you payment electronically you will get a direct deposit. If you did not, you will receive a paper check. If your income was less in 2019, you should file your 2019 tax return.Please contact us.We are here to assist you.

Paycheck Protection Program(PPP) - This $350 billion Program is intended to give small business eight weeks of cash flow with federally guaranteed loans. These loans are an incentive to put your employees back to work and are forgivable (essentially a grant) based upon your payroll in the eight weeks after funding. You can apply directly through your local bank Contact you Banking Contact immediately if you are interested. Application procedures are being worked on as we write this. Please go the SBA website for more information as they are constantly updating their information.The link is :

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Florida Bridge Loan - The state of Florida will provide a quick loan with zero interest for 12 months. The application process is fairly easy.If you receive other assistance (an SBA loan or PPP loan) you will use those proceeds to pay the loan back first. After one year the interest rate become 12%.This is a Bridge Loan and should be used as a short-term rescue if you need cash while waiting for things to become normal again.The link is:

https://deosera.force.com/RebuildFloridaBusinessLoanFund

SBA Disaster Loans - The SBA has other disaster loans available.However, they require more time and mor paperwork.These do offer larger loans.However, the PPP program, mentioned above, offers a lower interest rate of no greater than 4% and the application is made directly at an SBA approved bank. The link for the SBA disaster loan is:

https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

We are available for consultations, emergencies and general questions regarding your business or personal needs. Steve can be reached at 305-794-4023 and srosenbaum@theflacpa.com. Cindy can be reached at 305-335-8992 and csobel@theflacpa.com. Jason can be reached at 954-270-2452 and jweinrub@theflacpa.com.

In the meantime, if you have all your 2019 tax information gathered, and are able to scan it, please forward it to us. Simply e-mail the partner using their e-mail address above and request a secured link for uploading your documents.

Please stay home and keep safe so that we can minimize the spread of this serious virus. We will come through this together like other challenges.

Best of Health,

Cindy, Steve, Jason and Team

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NOVEMBER 2019 ANNOUNCEMENTS

With year end approaching we have been planning for our future and are pleased to welcome our new partner; Jason Weinrub CPA, effective January 1, 2020.Our new name will be Rosenbaum Sobel Weinrub LLC.

Jason brings to us over 20 years of experience working for large regional CPA firms and provides consulting services to business and individuals ranging in size from start-ups to $250 million in revenue.Jason specializes in tax compliance, financial accounting,and due diligence services related to mergers and acquisitions.Jason consults with clients across a broad range of industries including wholesale/distribution, professional service firms, telecommunications, real estate, and construction.Jason also specializes in multi-state tax compliance with closely held companies.

­Jason is available to meet with any new clients and our existing clients to strategize or plan for the upcoming 2019 tax season.We are very excited about our future with Jason.

We are also pleased to welcome Gary Brown, CPA to our firm as a Principal. Over his long career Gary has established himself as an excellent practitioner and a model of excellence in our profession. Gary will provide financial and consulting services to his existing clientele and ours. Gary’s staff of experienced CPA’s have also become part of our team. This combination of expertise and professionalism will enable us to have access to a larger pool of technical skills in tax planning and accounting as well as additional business management, financial and consulting services.

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Our highly-experienced team provides our clients with the peace of mind that comes from knowing we have the depth of knowledge needed to look after their interests in all the core accounting, tax and financial services. Since each of our clients has a unique background, circumstances, needs, objectives, and hopes, we take the time to listen, to ask the right questions, and to apply our expertise to work closely with each client to discover the best possible plan for meeting their goals. As a result, our clients not only tell us that they appreciate that the focus is on them, but also refer their friends and family to us.

We also use our vast experience to provide litigation support services to South Florida`s legal community.

But what makes Rosenbaum Sobel LLC stand out from the rest is not only our professional expertise, but our overt friendliness and caring attitude towards our clients. We work with clients on a one-on-one basis, creating a warm atmosphere the puts them at ease even during their highest times of stress. And we pledge to create an environment that will cause each of our clients to view us as a trusted business adviser.

But don't mistake our warmth for lack of knowledge, as we can offer you expert advice in nearly every field of finance, accounting, and tax planning.

Whatever your needs - from planning next year's taxes to planning for retirement - we're here to help.