Abigail Schaffer Published in Accounting Today

Abigail Schaffer, KOS Staff Accountant was published this week in Accounting Today. She writes articles regularly for the monthly KOS newsletter, "Bottom Line Bulletin."

Abby's article was titled, "6 Quick Tax Tips for Students Starting a Summer Job" and went live on Accounting Today on June 7, 2016.

Please click the link below to view the full article.
http://www.accountingtoday.com/news/tax-practice/6-quick-tax-tips-for-students-starting-a-summer-job-78341-1.html

As always please visit www.koscpa.com to view our monthly newsletter and learn more about the services we offer.

Kessler Orlean Silver & Co., P.C. (KOS) and The Kaplan Partners LLP Announce Merger

PRESS RELEASE

FOR IMMEDIATE RELEASE

June 2, 2016

Contact:

Kristin Kentra, Marketing Director

847-580-4100

kkentra@koscpa.com

Kessler Orlean Silver & Co., P.C. (KOS) is pleased to announce that it has merged in The Kaplan Partners LLP of Chicago, IL effective June 1, 2016. Maya Gavrilovic from The Kaplan Partners will be joining KOS and will be instrumental in facilitating this transition.

Founded over 40 years ago, The Kaplan Partners have provided a full range of accounting and tax services to closely-held businesses, investment partnerships and successful individuals. KOS has a long history of providing innovative accounting solutions to business owners, executives and managers, private investors and professionals. Principals of Kaplan will assist in the transition to KOS to effectively serve all client needs.

The Kaplan Partners and KOS have had a productive and professional relationship for several years and understand that they share similar values and believe in providing the highest level of service and excellence to their clients. “A transition at this time to KOS will provide for continued and long-term commitment to our valued clients and their needs,” states Bennett Kaplan.

“The Kaplan Partners have a history of professional excellence and long-standing client relationships that naturally complements KOS’s business,” KOS Managing Partner Jeff Arnol said in a statement. “We look forward to expanding services to all clients and continuing growing and developing these relationships.”

The merger also provides their clients with additional depth of experience in core services such as audit, tax, accounting and business advisory services. The KOS offices are located at 1101 Lake Cook Road, Suite C, Deerfield, IL 60015 and the main number is 847-580-4100. For more information, please visit their website at www.koscpa.com.

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Summertime Tax Credits

Summer is not only a fun time for kids, but may also be a source of tax credits for parents as well.

If your child is under13 years of age at the end of a tax year and they attend a day camp, you could be eligible for a Child and Dependent Care credit.

If the following apply to your family, you could receive a tax credit on your personal income tax returns:

• Your child is going to a day camp. (Please note that overnight camps do NOT qualify for the credit, however, if they participate in a sports camp for a week, these may qualify.)
• The payments to the camp must be made to enable one to find or continue to work.
• You (and a spouse if married) must either have a W2 or Self employment income.

The maximum that can be paid annually for camping expenses that qualify for the credit are $3,000 for one child and $6,000 for two or more children. These expense limits are added to any other childcare expenses that one incurs.

When claiming your tax credit, you will need to provide to the IRS the following:

• Name of camp
• Address of camp
• Federal Employment Identification Number (FEIN) of the camp

Check with your KOS professional to see how much you can save by sending your kid or kids to camp!

Audit Seniors and Managers find the right fit at KOS this Spring!

Experienced Audit Seniors and Managers you will find a great fit at KOS.  We are looking for senior or manager level professionals with 3 or more years of public accounting experience.  Employees who have come to KOS from other firms find the culture, opportunity and life work integration to be just what they were looking for!  Visit our careers site to learn about what makes us different, the benefits of working for a smaller firm, view our current openings and apply today at www.koscpa.com/careers/