July 2015 Tax Tips, Updates and More

July 2015 General Client Newsletter

Supreme Court Rules on ACA

On June 25, the U.S. Supreme Court released its decision on King v. Burwell, upholding the availability of premium tax credits (subsidies) under the Affordable Care Act (ACA) in every state. The case questioned whether the ACA allowed for tax credits for health insurance purchased through a federal exchange, or only permitted credits for insurance acquired through a state exchange. Internal Revenue Code Section 36B states that premium assistance credits may be available if a taxpayer is enrolled in health insurance “through an Exchange established by the State….” The ACA requires states to establish exchanges, and, if a state cannot or will not establish a state exchange, the federal government, through the U.S. Department of Health and Human Services, is to “establish and operate such Exchange within the state.” Petitioners in the case did not want to comply with the ACA’s individual mandate to purchase health insurance. They argued that they did not qualify for the tax credits because they live in Virginia, which has a federal exchange. This ineligibility made the cost of buying insurance unaffordable per the ACA, and, therefore, they would be exempt from the individual mandate coverage requirement. The Court maintained that qualifying individuals may receive premium tax credits for health insurance, regardless of whether the insurance is obtained through a state or federal exchange.

For more information on the ACA, visit irs.gov/Affordable-Care-Act, or contact your tax advisor.

In this month’s issue:

Congratulations, Christine Golz, 2015 ACE Award Recipient!

Christine Golz, AAAPM, receives 2015 ACE Award

AAA Board of Directors Chair Janine Zirrith, AAAPM (on right), presents the 2015 ACE Award to Christine Golz, AAAPM.

Congratulations to our firm administrator, Christine Golz, AAAPM! Christine received the 2015 ACE Award from the Association for Accounting Administration (AAA) at its annual recognition dinner on June 8, 2015. The event was part of the Association’s 32nd National Practice Management Conference, held at the Walt Disney World Swan and Dolphin Resorts in Orlando, Florida.

The ACE Award stands for Achievement, Commitment and Excellence and has been awarded to some of North America’s most experienced and respected CPA firm practice managers since its 1989 inception. As the AAA website explains, “Criteria the judges use for the selection process focus on leadership and the individual’s strategic impact on the firm’s profit and growth. Candidates for the Award have made major contributions to their firms by implementing and overseeing programs that contribute to the firm’s long-term growth; help the firm meet its strategic goals; improve firm profitability; help create an employee-friendly culture that encourages long-term staff retention; and emphasize the value of entrepreneurship, leadership, continuous learning, marketing and client service skills.”

“I could not do the job I am doing without Christine,” says Weltman Bernfield’s managing member, Glenn Mikell, CPA. “She is more than just the firm administrator and goes beyond all expectations. There is no one more deserving of this award, and no one is more proud than I am. The partners at Weltman Bernfield LLC can’t thank her enough for all that she does for the firm, now and in the future.”

Christine joined Weltman Bernfield in 2009. She serves on the Management Committee and is responsible for planning, organizing, directing and controlling day-to-day operations of the firm, and for directing implementation of firm policies. She is involved in all phases of administration, personnel, finance, facilities and marketing.

For more information, visit http://www.cpaadmin.org/articles/2015-ace-award-recipient-announced/

Rich Kane Selected as “Top 100 ProAdvisor” for Second Year

Rich Kane, CPA, Advanced Certified QuickBooks ProAdvisorWeltman Bernfield LLC is pleased to announce that Rich Kane, CPA, Weltman Bernfield, is included in the  Insightful Accountant (formerly Intuitive Accountant) “Top 100 ProAdvisor” list for the second year. This list recognizes the leading consultants who have embraced the ProAdvisor program and have leveraged it in order to serve their clients better and grow their own businesses. Rich was also named a 2014 “Top 100 ProAdvisor.” Click here for the full list for 2015.

2015 Top 100 ProAdvisor



Part of the Weltman Bernfield team since January 2011, Rich is an Advanced QuickBooks ProAdvisor,  a member of the Intuit Trainers/Writers Network and Accounting Today Executive Research Council, a Certified Xero Partner and a Chicago Intuit Brand Ambassador. He is experienced in all facets of accounting, including client accounting and tax, and works with clients on day-to-day transactions. Rich graduated from Northeastern Illinois University with a bachelor’s degree in business and from Loyola University with a master’s degree in business administration.

UPDATE, June 26, 2015: Intuitive Accountant is now Insightful Accountant.

May 2015 Tax Tips, Updates and More

May 2015 General Client Newsletter

Thank you for your feedback…

Thank you to everyone who completed our recent client satisfaction survey. At the beginning of May, we drew the winners for the three $50 Visa gift cards. This year’s winners are clients from Highland Park, Gurnee and Des Plaines, Illinois.

We are excited to hear how our clients feel about our service. On a scale of 0 (not satisfied) to 5 (highly satisfied), respondents rated us on average between 4.50 and 4.93 in the areas of communication, technical ability, accessibility, professionalism, helpfulness and overall quality.

Several respondents offered suggestions for ways to improve service, as well as services they would like to learn more about. These are being shared with the partners and staff for follow up.

We are continually working to provide excellent service to our clients. You are welcome to contact the partner in charge of your account directly to share your comments and suggestions or use our contact page.

In this month’s issue: