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Weiss & Company LLP, the Glenview-based accounting firm now in the midst of its 55th season, announced four new hires to the firm and several other internal promotions. Maximus G. Gomez is a staff accountant in the firm’s tax department. Max is a former Division 1 student athlete and was a part of the Oregon…
As you may know, the SECURE 2.0 Act’s measure allowing older taxpayers to make additional “catch-up” contributions to 401k and similar retirement plans included a provision limiting certain high-wage earners ($145,000 or more) to after-tax Roth contributions only. This was originally going to be effective in 2024 and would make the catch-up portion of the…
George Bernstein has worked at Weiss for more than 20 years. When he started, controllership services wasn’t even a specific area within the firm. According to Bernstein, “Controllership is going in there and focusing on a client’s records and helping them get and keep their books in order.” But his controllership clients also rely on…
Last month, the IRS announced a new round of changes regarding required IRA minimum distributions (RMDs) for certain beneficiaries and situations. Detailed in IRS Notice 2023-54, the changes are aimed at remedying confusion triggered by terms of last year’s Secure Act 2.0 as well as the original Secure Act of 2019. Specifically, the guidance once…
In what is hopefully not becoming an annual tradition, Cook County is once again pushing back the mailing date for the second installment of 2022 property tax bills by 120 days, to November 1, 2023. The delay is identical to last year, as is the reported cause, a still-unfinished computer system upgrade. Importantly, the original…
