Newsletters

Bottom Line Bulletin October 2017

Seven Time-Tested Year-End Tax Tactics Practical approaches for individuals At this point, it is still uncertain whether any significant tax reform will be enacted this year. Keeping that in mind, individual taxpayers may stick with “tried-and-true” methods to reduce taxes owed at year-end. Here are seven prime examples: 1. Harvest capital gains or losses. Typically,


Bottom Line Bulletin September 2017

Understanding Installment Sales Jeffrey Butler, Director jbutler@koscpa.com Most of us are not familiar with how an installment sale works. An installment sale is a transaction structured whereby the seller receives payments over a period of time rather than all at once. It can be beneficial to both the buyer and seller. In addition to making


Bottom Line Bulletin August 2017

Illinois Tax Changes Included in Budget Legislation Geoffrey Harlow, Partner gharlow@koscpa.com Effective July 1, 2017, the Illinois individual income tax rates for individuals increased to 4.95%, up from 3.75%, and the corporate income tax rate increased to 7%, up from 5.25%. The law also added phase-outs for certain tax credits and the standard exemption, and


Bottom Line Bulletin July 2017

Volunteer for These Charitable Deductions How to write off out-of-pocket expenses Do you help your favorite charity with more than just money? Although you cannot deduct the value of your volunteer services, you are entitled to a charitable deduction of your out-of-pocket expenses. Of course, the other usual rules for charitable deductions, including the recordkeeping


Bottom Line Bulletin June 2017

Seven Midyear Strategies for Individuals and Businesses While the climate for tax reform remains uncertain, individual taxpayers and small-business owners are advised to act based on the current laws of the land, unless there is a definite change. Keeping that in mind, here are seven ideas to consider as we head into summer. 1. Harvest capital


Announcements

KOS is Hiring!

Help us spread the word! We are actively seeking exceptional candidates for the following positions: Tax Interns to work next busy season; February to April 16, 2018 Temporary Front Desk Receptionist and File Clerk; February 26 to April 16, 2018 KOS will be on-campus during the month of September for interviews and attending career fairs


KOS is Hiring!

Help us spread the word! We are actively seeking exceptional candidates for the following positions: Tax Interns to work next busy season; February to April 15, 2018 Temporary Front Desk Receptionist; August 28th to October 16, 2017 KOS will be on-campus during the month of September for interviews and attending career fairs at the following


RSVP Today!

Fifth Annual KOS Women’s Professional Empowerment Event Thursday, September 28th – 8:00-10:30am Come learn from three dynamic women who enable effective leadership, inspire, and help people gain focus. Katrina Calihan – Leadership Coach Tammy Cook – Business/Life Coach Lee Ann Piano – Corporate Trainer Chevy Chase Country Club 1000 N. Milwaukee Avenue, Wheeling, IL Breakfast


KOS is Hiring for Winter 2018!

We are actively seeking exceptional candidates for the following positions: Tax Interns to work next busy season, February to April 15, 2018. KOS will be on-campus during the month of September for interviews and attending career fairs at the following schools: University of Illinois at Chicago (UIC), Northern Illinois University (NIU), DePaul, Illinois State University


Save the Date!

Fifth Annual KOS Women’s Professional Empowerment Event Thursday, September 28th – 8:00-10:30 Come learn from three dynamic women who enable effective leadership, inspire, and help people gain focus. Katrina Calihan – Leadership Coach Tammy Cook – Business/Life Coach Lee Ann Piano – Corporate Trainer Chevy Chase Country Club 1000 N. Milwaukee Avenue, Wheeling, IL Breakfast