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Greetings!
Start Preparing Now...
The end of the year will be here before you know it. And the only thing that's certain is that things will be different. Whether that change is a new president, new taxes, or both, we recommend that you take the time before your holiday celebrations to begin thinking about your year-end tax planning.
Last month, we sent you a special edition update with information about the 2013 scheduled tax changes. And we just recently sent out additional information on why tax increases are likely regardless of the election outcome. We received several responses from those emails and are happy that so many of our clients found the information useful.
The first article in this month's newsletter offers some unique opportunities that you may be able to use in your year-end tax planning. Be sure to contact your tax professional to see which will work for you.
- The Members of Weltman Bernfield
For more news, tips and updates, be sure to follow us on Facebook, Twitter and LinkedIn.
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 The View on Year-End Tax Planning
Unique tax-saving opportunities for 2012
The stars are aligned to make 2012 a truly memorable year-end from a tax-planning perspective. Keeping in mind all of the tax changes scheduled to occur in 2013, there are several year-end tax-planning ideas for individuals and small-business owners to consider. Read more...
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 Plugging in Tax Breaks
for Home Computers
Special rules may limit deductions
It is well-established that your business can deduct the full cost of computer equipment it keeps on the business premises, as well as related fees. But can you deduct any part or all of the costs for desktops, laptops or tablets you use at home? The answer is not so simple. Read more...
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 Five Steps to Improve
Employee Reviews
Developing a more efficient process
The end of the year is the traditional time for supervisors to sit down with employees to conduct performance reviews. But is anyone getting much out of this tried-and-true technique? Probably not if the manager is merely doing the reviews by rote. Consequently, whatever input the employees provide in these sessions is likely to fall on deaf ears. Read more..
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Accounting Intern
Scholarship Program (AISP)
Investing in the next generation
We know today's young people are tomorrow's leaders. We also know that it takes time, talent, and resources for them to establish a solid foundation.
That's why Weltman Bernfield is excited to be part of AISP, a program we developed in collaboration with several other CPA firms in the area. AISP gives students the exceptional opportunity to work with professionals, develop contacts in their chosen field and experience different work environments. This educational experience exposes them not only to hands-on learning, but also business networking and client interaction. It is a well-rounded program, designed to give the interns a broader view of the accounting industry than a classroom allows.
"This intern program is one of the highest impact CPA firm ideas
I've seen in years. It's exciting to see firms do something genuinely
altruistic and, at the same time, so incredibly beneficial to
accounting students. A fabulous example of creative, outside-the
box thinking by this innovative group of CPA firms."
Marc Rosenberg, CPA, The Rosenberg Associates, and nationally known consultant, author and speaker
For a full description of the program, visit our website: www.AccountingISP.com. Please encourage the eligible students you know to visit the website, download the program description and application, and submit their materials. AISP will provide real-life experience that will help students with their employment prospects.
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Someone You
Should Know
 Larry Elisco, CPA,
ABV, CCS-P
847.941.0245
lelisco@weltmanbernfield.com
Demonstrating his expertise in financial solutions for healthcare practices, Larry's article "Avoid Fraud in Your Practice" was published in the October 2012 issue of AAOS Now.
In addition to being a Certified Public Accountant, Larry has attained his certification as
a coding specialist for physician practices from
the American Healthcare Information Management Association. He has extensive experience representing providers in his role as accountant and business consultant, with specific expertise in assisting physicians with: - identifying areas of revenue leakage,
- enhancing collections through comprehensive financial reporting and monthly review,
- evaluating the efficiency of the business office,
- assessing the effectiveness and utilization of the practice's computer systems,
- analyzing physician compensation and utilization,
- determining the financial viability of ancillary services or equipment,
- assisting in the interpretation and negotiation of managed care contacts, and
- assisting physicians in the start-up of practices.
Larry has also assisted public companies in the preparation of registration statements filed with the SEC on several initial public offerings, mergers of private companies with publicly reporting shell companies and ongoing financial reporting for public entities. Plus, he has obtained his Accreditation in Business Valuation by the American Institute of Certified Public Accountants and has performed valuation services for a number of businesses in connection with mergers and acquisitions, the raising of equity capital, debt procurement, tax planning and compliance and litigation support. To find out more about
Larry Elisco, click here.
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
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