June 2016 Tax Tips and Updates

June 2016 General Client Newsletter

In this month’s issue:

Accounting Intern Scholarship Program Enters Fifth Year

WB is excited to be part of the 2016 Accounting Intern Scholarship Program (AISP).  June 7 marks the start of the fifth year of this unique program. AISP, which started as the brainchild of Allen Bolnick, CPA and Weltman Bernfield member, is a collaborative effort among six Chicago-area, small to midsize CPA firms. Eight to twelve interns have participated each year. Of the 40 interns who have been through the program, 19 accepted job offers from participating firms.

This year, the program includes eleven interns from the following schools:

  • Augustana College (1)
  • DePaul University (2)
  • Elmhurst College (2)
  • Illinois State University (1)
  • Indiana University (1)
  • Illinois Wesleyan University (1)
  • Loyola University (1)
  • University of Illinois Urbana-Champaign (1)
  • Waubonsee Community College (1)

The interns will spend the next several weeks traveling to each firm to learn about various accounting topics, such as sales tax, payroll tax, QuickBooks, S-corp tax, audit and valuations through presentations and exercises. At the end of the program, the interns experience a couple of weeks of hands-on/shadowing work to better understand what happens on a day-to-day basis at the firms.

For more information on  AISP, visit accountingisp.com.

May 2016 Tax Tips and Updates

May 2016 General Client Newsletter

Start Tax-planning for Next Year

It’s tempting to forget all about your taxes once you’ve filed your return. However, if you start your tax planning now, you may be able to avoid any tax surprises when you file next year. Maybe you need to adjust your withholding to make the taxes withheld from your pay closer to the taxes you’ll owe. Perhaps you need a better tax organization system to avoid missing any deductions. Are there other steps you can take in 2016 to reduce your tax liability and make next tax season go smoother?

If you were caught by surprise with your 2015 taxes, take time now, while issues are still fresh in your mind, to talk to your accountant and ask what you can do differently for 2016.

In this month’s issue:

2016 Readers’ Choice Top Pick “Best Tax Preparation Service”

Weltman Bernfield receives Readers’ Choice award for third year

Weltman Bernfield wins 2016 Daily Herald Readers' Choice Top Picks "Best Tax Preparation"

We are thrilled to be named a Daily Herald 2016 Readers’ Choice “TOP PICK” in the “Best Tax Preparation Service” category for the third year.

Each year, thousands of readers participate in the Daily Herald Readers’ Choice campaign. The campaign is intended to identify top businesses in the Chicago area in a wide range of categories. 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 April 29 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.

As always, we are grateful to everyone who voted. We look forward to continuing to provide our personalized expertise for all of your accounting needs!


Rich Kane Named “Top 100 ProAdvisor” for Third Year

Rich Kane, CPA, Advanced Certified QuickBooks ProAdvisorWeltman Bernfield LLC is pleased to announce that our QuickBooks manager,  Rich Kane, CPA, Weltman Bernfield, is included in the Insightful Accountant  2016 “Top 100 ProAdvisor” list. 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 “Top 100 ProAdvisor” in 2014 and 2015. Click here for the full list for 2016.

Rich Kane named insightful Accountant 2016 Top 100 ProAdvisor

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. He joined the Weltman Bernfield team since January 2011,