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,

April 2016 Tax Tips, Updates and More

April 2016 General Client Newsletter

Have Questions? We’re Here All Year!   

Many clients only 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:

Andrew Blank Earns AICPA’s ABV Credential

Andrew Blank, CPA/ABVWe are pleased to announce that Andrew Blank, CPA/ABV, earned the American Institute of Certified Public Accountants’ (AICPA) Accredited Business Valuator (ABV) credential.  Several qualification requirements must be met to earn the ABV credential, including successfully passing the ABV Examination and obtaining a defined amount of valuation-related business experience and education requirements. This accomplishment demonstrates Andrew’s continuing commitment to improve his valuation skills and expertise to make a difference for our clients.

“We are proud of Andrew,” says Larry Elisco, CPA/ABV, CCS-P, member at Weltman Bernfield and Audit, Attest and Consulting Services department head. “The accreditation provides credibility when providing valuation services for matters such as tax representation, judicial proceedings and transactional assignments, as well as day-to-day client matters that arise in the ordinary course of business.”

Andrew works in the Audit Department at Weltman Bernfield and is actively involved in the firm’s valuation engagements. He is a graduate of Albion College in Albion, Michigan, with a bachelors degree in Economics and Management and an emphasis in Accounting. Andrew started his career at Weltman Bernfield in July 2013.