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Client Information Bulletin
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Greetings!
Does Our Culture Fit You?
At Weltman Bernfield, we understand that our professionals are our most important asset. Their combination of education, experience and on-going training enables our clients to consistently receive efficient service and value. We are always on the lookout for individuals who have this type of commitment to helping our clients succeed.
We also understand that our professionals have personal lives--it's not all about the numbers. That's why we offer perks such as flexible scheduling and cloud technology. We also offer continuing training and mentoring programs, along with career growth opportunities.
If you are interested in learning more about a career with Weltman Bernfield, visit our career page or see our latest job postings.
If you know of someone who might be interested,
be sure to pass this along!
- The Members of Weltman Bernfield
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Coping with the New 3.8% Medicare Surtax
 New proposed regulations clarify key points
Some high-income investors face a "tax increase" this year that has nothing to do with the new American Taxpayer Relief Act (ATRA). Under the Patient Protection and Affordable Care Act of 2010 (PPACA), you may be liable for a 3.8% Medicare surtax on a portion of your income, beginning in 2013. The IRS recently issued new proposed regulations explaining the rules. Read more...
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 The Tax Verdict on Legal Fees
Observe tax rules for claiming deductions
Is there any justice when it comes to deducting legal expenses? It depends on your point of view. Certain legal fees are currently deductible, others must be capitalized and still others provide no tax benefit whatsoever. Let's take a closer look at the tax treatment of the different types of legal expenses. Read more... |
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 IRS Postpones New Tax Rules for Repairs
Effective date of temporary regulations is extended
After the IRS issued new temporary regulations in 2011 distinguishing "repairs" from "capitalized expenses," many questions remained about these complex rules. Now the IRS has announced a brief reprieve: The temporary regulations, as well as upcoming final regulations, will no take effect for business taxpayers until tax years beginning after 2013 (although business taxpayers may continue to apply them to tax years beginning after 2011). The IRS also added conforming amendments to the new rules. Read more...
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 Seven Tips for Delegating Work
Increase the chances of success
If you are a small-business owner, hopefully you have come to the realization that you cannot do all the work yourself all the time. That means delegating some of the tasks--especially those time-consuming jobs that are not the top priority--to others in your employ. But this is often easier said than done. Read more...
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Weltman Bernfield voted
Thank you to all who voted!
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Someone You
Should Know
Rich Kane, CPA
847.941.0253
Rich Kane is a CPA at Weltman Bernfield and an Advanced QuickBooks® Pro Advisor. He is a member of the Intuit Trainers/Writers Network, Accountants Today Executive Research Council, and is a Chicagoland QuickBooks Brand Ambassador. See below for an upcoming QuickBooks webinar presented by Rich.
Rich has experience in all facets of accounting, including client accounting and tax, and works with clients on day to day transactions. He graduated from Northeastern Illinois University with a bachelors' degree in Business and Loyola University with a master's degree in Business Administration.
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Webinars Designed To Peak Your Interest and sharpen your skills!
Wed., May 8, 10 am CST
Cost: $49 per person
1 hour CPE credit for CPAs
To register, please
email your name and
contact information to:
If you have an idea for a topic or need more information,please email Rich Kane.
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The information contained within this email is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant.
Any U.S. federal tax advice contained in this email is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
For your convenience, this email may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services or content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk.
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