Glenn Mikell, CPA, Named Chicago 2014 Five Star Certified Public Accountant

Glenn Mikell, CPA, Managing Member, Weltman Bernfield LLCWeltman Bernfield LLC is pleased to announce that Glenn Mikell, CPA, managing member, was named a 2014 Five Star Certified Public AccountantSM,  a select group representing less than 1% of the certified public accountants in the Chicago area.  Award winners are featured in the November 2014 issue of Chicago magazine. Glenn is also a two-year (2012 and 2013)  Chicago Five Star Wealth Manager award winner. Congratulations, Glenn!


October 2014 Tax Tips, Updates and More

October 2014 General Client Newsletter

What’s So Great about CPAs?

You may not have asked yourself that question in so many words, but you may have wondered what sets CPAs apart from other financial professionals. The answer in short: a lot. We typically begin our careers with years of college and graduate education. To become licensed, we must take the demanding Uniform CPA Examination, which tests our knowledge on a wide range of business topics over a total period of 14 hours. In addition, we have to meet an experience requirement and then be licensed by a State Board of Accountancy to practice. But it doesn’t stop there. Once we become CPAs, we also must meet continuing education requirements to update our knowledge of new business developments as well as commit to a strict code of ethical standards. Armed with this rigorous training, we’re on the job year round, ready to help individuals and businesses address their own unique challenges.

If you want more information about our firm and how we can help you resolve your financial issues, don’t hesitate to contact us.

In this month’s issue:

Stephen Young Receives CPA Designation

Stephen Young receives CPA designationWe are pleased to announce that Stephen Young, CPA, having successfully completed all requirements, received his CPA designation.

Stephen received his bachelor’s degree in finance from DePaul University. He started his position at Weltman Bernfield in July 2013 in our Audit Department and is currently pursuing a Certified Fraud Examiner (CFE) designation.

Congratulations, Stephen!

October 2014 QuickBooks Tip

Check Your Math with “Use Calculator”

by Becky Allen, Staff Accountant

A quick way to check your math and save time while in Quickbooks is to go to Edit then Use calculator. A calculator pops up in the Quickbooks screen, allowing you to easily check your calculations. Another nice feature is that you can run a tape any time you are in a field. All you have to do is just start typing in a number, use the +,-, *, / signs and Quickbooks will do the calculation for you and put the correct number in the field.

Have QuickBooks questions? Contact our QuickBooks Pros…they have the answers!



September 2014 Tax Tips, Updates and More

September 2014 General Client Newsletter

It’s not too early to start planning for next year…

We had a really early Labor Day this year and fall is right around the corner. It seems like the year is flying by. Now might be a good time to plan for 2015 before the hectic holiday season hits. Whether it’s tax planning or other accounting needs, the professionals at Weltman Bernfield are available to help. Please don’t hesitate to contact us.

In this month’s issue:

August 2014 Tax Tips, Fraud Signs, Updates and More

August 2014 General Client Newsletter

It’s Back to School Time…
Student Loan Debt: We Can Provide the Decision-Making Details You Need

Now is the time of year when many kids are heading off to college, and thoughts turn to student loans. Did you know that the average student loan balance is $24,803? Student debt is taking a heavy toll on borrowers, according to a survey by the American Institute of CPAs, which found that 75% of respondents or their children had made personal or financial sacrifices because of monthly student loan payments. Sacrifices included putting off saving for retirement (41%); delaying car purchases (40%); postponing a home purchase (29%); and even waiting on marriage (15%).

Among the most troubling findings were that only 39% fully understood the burden that student loan debt would place on their future and 60% had at least some regrets about their decisions on financing their education. That’s why it’s always critical to understand the full potential impact of all your financial choices. The good news is that your CPA can help. Contact us with all your financial questions and we’ll provide the knowledge and insights you need to make the best decisions for you.

Also in this month’s issue: