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:

April 2015 Tax Tips, Updates and More

April 2015 General Client Newsletter

Have Questions? We’re Here All Year!

Many clients see their CPAs at tax time, when the main focus is on completing and filing their tax return. As a result, they may not take the opportunity to ask questions about long-term tax planning or about other important financial matters.

The good news is that we are available to you all year. We have a full-time, year-round staff of experts with extensive expertise in a broad range of financial areas. We’re ready when you are to review your financial situation and help you understand your options so you can make the best decisions. We’re also here in an emergency to help address unexpected financial concerns. Give us a call to discuss your important financial issues when they arise.

In this month’s issue:

2015 Readers’ Choice Top Pick “Best Tax Preparation Service”

Weltman Bernfield receives Readers’ Choice award for second time

Weltman Bernfield 2015 Readers' Choice TOP PICK Tax Preparation Services

We are thrilled to be named a Daily Herald 2015 Readers’ Choice “TOP PICK” in the “Best Tax Preparation Service” category. This is the second time we have received a Readers’ Choice award.

Thousands of readers participated in this year’s three-week Readers’ Choice campaign, which is intended to identify top businesses in the Chicago area in a wide range of categories . Over 22,000 votes were received. The businesses receiving the most votes in each category are judged to be the “top picks” and are featured in a special insert in the March 27 issue. The Daily Herald is the third largest daily newspaper in Illinois and serves over 100 communities from Antioch to Naperville, from Des Plaines to western Kane County.

Thank you to everyone who voted. We look forward to continuing to provide the expertise of a large CPA firm with the benefits of personalized service — for all of your accounting needs!

See our ad.


Joshua Lipkin Receives CPA Designation

Joshua Lipkin, CPAWe are pleased to announce that Joshua Lipkin, CPA, having successfully completed all requirements, received his CPA designation.

Josh works in the audit department at Weltman Bernfield. He received his bachelor’s degree from University of Illinois at Urbana-Champaign in 2008, successfully completed the University of Illinois School of Business Certified Public Accountant Certificate Program in 2009 and started his career at Weltman Bernfield in January 2010.

Congratulations, Josh!

March 2015 Tax Tips, Updates and More

March 2015 General Client Newsletter

Tax Season Reminders

Tax season is a hectic time. Here are a few tips:

  • Let us know as soon as possible if you need to file an extension. If you don’t think you can meet the deadline for filing, an extension gives you six more months to file without incurring late-filing penalties. March 16 is the deadline for filing corporate tax returns or extensions; April 15 is the deadline for individual tax returns or extensions. When filing an extension, you must make a reasonable estimate and pay any outstanding amount when you submit the extension form; otherwise, you could end up owing late-payment penalty charges.
  • Contribute to your retirement accounts. You have until April 15, 2015, to contribute to your traditional or Roth IRA for 2014. The maximum IRA contribution for 2014 is $5,500 ($6,500 if you were age 50 or older by the end of 2014). Your traditional IRA contributions may be tax-deductible; however, the deduction may be limited if you or your spouse participate in a retirement plan at work and your income exceeds certain levels. Contact your tax advisor if you have questions about eligibility, or visit
  • Evaluate your situation for 2015. This is a good time to evaluate your financial situation and investment options. Set up an appointment with your tax advisor to discuss how you can minimize your exposure in 2015.

Be sure to contact your advisor if you have any questions. We are here for you.

Also in this month’s issue: