May 15, 2013 BRP Guest Blog Intro by Jeff Bronswick, Managing Partner of Bronswick Reicin Pollack: Friends – I recently refinanced my home mortgage and thought it would be beneficial for all to hear the math behind refinancing. No matter if your goal is to save in the short-term or long-term, there are mortgage options…
DetailsCongratulations to Jeff Bronswick, managing partner of Bronswick Reicin Pollack, on being re-appointed to serve on the Illinois CPA Society Taxation Flow-through Entities Committee. It is an important time to be a part of the changes and innovations occurring within the Society and the profession, and Jeff’s participation further solidifies his dedication to helping businesses…
DetailsSetting Goals and Budgeting to Meet Them – By Jeffrey D. Bronswick, CPA, MBA Do you have your 2013 goals and budgets set yet? Many companies do but others have found that the day to day activities of running and working in their businesses have gotten in their way. It’s not too late. So whether you…
DetailsDo’s Do – Get a W-9 from each independent contractor/service provider when you start a working relationship with them. It saves time and effort down the road, and you won’t have to track them down last minute. Do – Report payments made to individuals, partnerships, and estates. Do – Send 1099s to all contractors/service providers…
DetailsDear Clients and Friends: After weeks, indeed months of proposals and counter-proposals, seemingly endless negotiations and down-to-the-wire drama, Congress has passed legislation to avert the tax side of the so-called “fiscal cliff.” The American Taxpayer Relief Act permanently extends the Bush-era tax cuts for lower and moderate income taxpayers, permanently “patches” the alternative minimum tax…
DetailsTaxes are complicated. Choosing a tax professional to help you shouldn’t be. This time of year there are many different types of preparers offering tax return assistance. However, no one matches the value that a licensed Certified Public Accountant (CPA) can deliver. It’s important to know that all tax preparers are not equally qualified. Licensed…
DetailsNow that President Obama has been re-elected, see what tax issues you and your business are facing. This is brought to you by Bronswick Reicin Pollack CPAs and courtesy of CCH. Please click on the link at the bottom of this section. If you have any questions, please contact us. http://tax.cchgroup.com/downloads/files/PDFs/Legislation/postelection-taxpolicy.pdf ——————- Disclaimer: The information…
DetailsOctober 1, 2012 Jeffrey D. Bronswick, CPA, MBA JEFFREY D. BRONSWICK is the Managing Partner of Bronswick Reicin Pollack, Ltd. – Certified Public Accountants and Business Advisors (BRP). BRP works closely with entrepreneurial clients in helping guide their growth and financial success, assisting them with operational and financial issues, and in charting tax strategies…
DetailsDear Friends, Dramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. The following taxes may be impacted: Not only are the Bush Administration tax cuts set to expire, but a new 3.8 percent surtax on investment income and a possible reinstated claw-back of itemized deductions could raise the tax…
DetailsBy: Michael Brody, CPA Having a great idea is not the only thing you will need when starting a business. Here are three important items all future business owners need to consider before they open their doors. Choice of Entity: There are several different types of entities to choose from, ranging from the sole proprietorship (one owner) to…
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