Chicago CPA and Business Advisory Firm Enters New Era as Bronswick Benjamin P.C.

FOR IMMEDIATE RELEASE     Buffalo Grove, IL (February 1, 2017) – Bronswick Reicin Pollack, Ltd., one of the top accounting firms in the Chicago area serving privately held businesses, is proud to announce the firm is changing its name to Bronswick Benjamin P.C. The name change is intended to reflect the firm’s current leadership[…]

Partnership Form 1065, K-1 Filings Move Up 30 Days

  As we prepare for the 2017 tax season, Bronswick Benjamin would like to make sure you’re aware of important changes in due dates, including one that is moving up on the calendar to impact the vast majority of partnerships. Form 1065 (Return of Partnership Income) and Related Schedule K-1s. The 2016 Form 1065 for[…]

Recent Extension to the Application of the Work Opportunity Tax Credit

WOTC Additional Extension 2016 by www.bdo.com Congress recently extended the application of the work opportunity tax credit (the “WOTC”) to an employee who began working after December 31, 2014, and before January 1, 2020. Because the extension was not enacted until December 15, 2015, and the application for pre-screening an employee must be filed within[…]

The Affordable Care Act Six Years Later

Success or Failure? by John Green and Steven Shill, www.bdo.com The Affordable Care Act (ACA or, colloquially, Obamacare) was passed into law on March 23, 2010. To say that the ACA has generated a considerable amount of controversy over the past six years would be an understatement. The law has precipitated constant infighting between the[…]

Bronswick Reicin Pollack Ltd. Promotes Caleb Lendy to Manager

Veteran CPA appointed to leadership position as firm grows throughout the Chicagoland area BRP is proud to announce the appointment of Caleb D. Lendy to the role of Manager see bio, where he will be responsible for overseeing the work of the firm’s CPAs as well as making a substantial contribution to BRP’s strategic growth[…]

Fighting IRS Identity Theft with Help from BRP

By: Karen Leavitt, CPA, CDFA Bronswick Reicin Pollack, Ltd. “Lately I’ve been hearing more about people encountering fraudulent activity related to their tax returns. What kind of things should I look out for on this now and in the future?” It’s not your imagination. While we’ve shared on this topic in past updates, the number[…]

The IRS Makes Mistakes Too — and BRP Is Ready for Them

By: Karen Leavitt, CPA, CDFA Bronswick Reicin Pollack, Ltd. “My refund check arrived but it’s smaller than what I thought it would be on my 1040. I’m concerned there may be a discrepancy. Is there anything I can do to find out for certain? Or am I basically at the mercy of the IRS?” Just[…]

We’re Staying Current with Flow-Through Taxation and GAAP Reporting

Being constantly on top of any and all significant changes within our profession is vital for both our firm and our client’s innovation. One of the ways we’re doing just that at BRP is by serving on important committees. Once again, Managing Partner, Jeff Bronswick, and Tax Manager, Mike Scialo, were re-appointed to serve on[…]

The R&D Tax Credit: A Potential Bonus for Innovating

Over the last year, you may have made a substantial investment in research and development to take your business to the next level. You engineered a new product. You created more advanced version of an existing product. You tested several new procedures. You built and customized new software to better support your production processes. Did[…]

IRS Scams on the Rise – Don’t be fooled – It is NOT the IRS calling.

In recent weeks, there has been an increase in IRS Imposter Scams. Fraud artists are calling people throughout the country posing as IRS agents. Currently, these calls are threatening lawsuits, and court appearances. Many of these fraud artists are using phone numbers that look like they are coming from Washington DC or other area codes[…]