August 2016 General Client Newsletter
Review Your Taxes Now to Prevent a Surprise Next Spring…
Did you get a larger tax refund than expected or did you owe a lot more tax than you thought you would? Did you marry? Have a child? Have a change in income? Some life events can have a major effect on your taxes. Now is a good time to review your situation to prevent another tax surprise and bring the tax you pay closer to the amount you owe. Contact your tax advisor for help. The IRS also offers tips at irs.gov to help you determine a plan of action.
Upcoming Tax Deadlines…
Remember, the next corporate tax deadline is September 15 if you are a calendar year-end and have extended your filings from March. Also, if you requested an automatic six-month extension to file personal income tax returns, the deadline is in October.
In this month’s issue:
Weltman Bernfield LLC is pleased to announce that Adam June, JD, LLM, was named member at Weltman Bernfield effective July 1, 2016. Adam joined the firm as a tax accountant in 2008 and was promoted to manager of tax services in 2013. He became head of Weltman Bernfield’s tax department earlier this year.
“We are proud to welcome Adam as the newest addition to our partner group,” says Glenn Mikell, CPA, managing member, Weltman Bernfield. “Through his exceptional work as senior manager of our Tax Services Department over the last few years, Adam has shown us that he was ready to accept the responsibility of being a partner. We all look forward to working with him in this new position. He is our first ‘homegrown’ staff member to reach this level, and we expect this to be only the beginning.” Continue reading
July 2016 General Client Newsletter
Now’s the time…
Did you extend your filings from March? The next corporate tax deadline is September 15 if you are a calendar year-end with extended filings.
Avoid any last minute rush and make your life simpler with an “imaginary” deadline. Make time now to gather the necessary documents, set August 15 as the date to send us your paperwork and see how stress-free the rest of your summer is. Then you can enjoy Labor Day while other business owners are thinking about the fast-approaching September 15 deadline.
Let us know how we can be a resource for you. We always look forward to hearing from you.
In this month’s issue:
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.