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Greetings!
Building Relationships...
At Weltman Bernfield, we enjoy getting to know our clients-what they do, how they got to where they are, what their future dreams are and how we can help. Our client spotlight offers a way for our clients to get to know each other, too.
By sharing our stories, we can learn from one another and develop far-reaching networks of opportunity. Perhaps you'll develop a new business relationship, discover a new hobby or find a new cause to get involved in. Maybe you'll find inspiration. If you'd like to be featured in our client spotlight, please send us an email and let us know something about you or your business.
For more news, tips and updates, be sure to follow us on Facebook, Twitter and LinkedIn.
- The Members of Weltman Bernfield
Watch for our special issue on tax changes later this month!
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 What's Next Under the Health Care Law?
Aftermath of the Supreme Court's ruling
In a historic decision, the U.S. Supreme Court has upheld virtually all of the Affordable Care Act, the massive health care law enacted in 2010. Now that the dust has settled, what's in store for individuals and small-business owners? For a roundup of several key provisions, read more...
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 Fall in Line on Required Minimum Distributions
Observe tax rules for qualified plans and IRAs
The IRS not only limits the amount you can contribute to qualified retirement plans and IRAs while you are working, it tells how much you must withdraw when you're retired. Under the rules for "required minimum distributions" (RMDs), you may have to take distributions before the end of the year-whether you want to or not. Read more...
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 Spotlight On: AdventureWomen
An inside look at one of our clients
"Travel is one of the greatest tools we have for promoting world peace and understanding among cultures."
- Susan Eckert, founder and president, AdventureWomen, Inc.
Susan has been traveling the world for over 35 years. The three years she spent as a Peace Corps Volunteer in West Africa inspired her to develop adventure travel options for women. Her trips allow groups of women to travel together in safety and comfort. Read more...
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 Is the New HARP Music to Your Ears?
Revamped refinancing program aids homeowners
The federal government has improved and extended the Home Affordable Refinance Program (HARP), The latest version, known as HARP 2.0, is now available through the end of 2013. Without the extension, the program would have expired on June 30, 2012.
Read more..
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 IRS Acts Tough on Charitable Appraisals
Entire deduction disallowed in new case
A taxpayer in a new Tax Court case learned a hard lesson about charitable deductions of property: observe the strict letter of the tax law. The taxpayer, who probably should have known better, ended up with a zero deduction, even though he had clearly donated property worth millions! Read more...
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Someone You
Should Know Glenn Mikell, CPA Glenn Mikell, Co-Managing Member of Weltman Bernfield, has been named a 2012 Five Star Wealth Manager, a designation awarded to less than seven percent of the wealth managers in the Chicago area. His selection will be featured in the November 2012 issue of Chicago magazine. With more than 40 years experience as an auditor, tax advisor and consultant, Glenn services high-net-worth individuals and closely held businesses with sales ranging from $1 million to $60 million. His industry expertise includes financial services, distribution, manufacturing, recycling, professional service organizations and retail. Glenn has been instrumental
in designing costing systems, break-even analysis and
various other systems of accountability. He is able to help clients optimize operations and develop strategies for long term growth. Trust plays an integral part in Glenn's success and he has many long-term clients as proof. "I build relationships with my clients," says Glenn. "Many of my clients were friends first and many who were clients first have since become friends. I strongly value the trust they place in me." Glenn is a member of the American Institute of Certified Public Accountants, Illinois CPA Society, ACA International-The Association
of Credit and Collection Professionals, and Debt Buyers Association International.
He received his Bachelor of Science in Accounting from Northern Illinois University.
As the father of two, Glenn enjoys spending his free time with his family and playing golf. He is also a passionate New York Yankees fan. Contact Glenn Mikell at 847.941.0222 or gmikell@weltmanbernfield.com
Upcoming
QuickBooks Webinars
- November 14, 10 am: "Electronic Banking and Cloud Accounting"
- December 12, 10 am: "QuickBooks at Year End"
For more information,
email Rich Kane at:
rkane@weltmanbernfield.com
Make sure you are on the email list. Sign up now!
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