Northbrook CPA to Discuss Year End Tax Planning Strategies

Kenneth W. Hoppensteadt, a North Shore Certified Public Accountant, will be the guest this month on the cable access show Financial Solutions that airs in numerous northern Cook County and southern Lake County communities in Illinois. The topic of this month’s program is Year-End 2002 Tax Planning.

Hoppensteadt is a graduate of the University of Illinois at Chicago. He has been a practicing CPA since 1985 and is a principal in Successful Accounting Solutions, which was founded in 1997 and serves privately held Chicago area businesses. Prior to joining the firm, he was an audit and accounting manager for a local CPA firm. He is a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.

Although most of us start worrying about our income tax in March of each year, Hoppensteadt will explain why now is the time to take steps to minimize taxes. Included in the program will be his ideas on: Where do you get started. What steps can you take prior to year-end that may reduce your tax liability? Are their techniques that may enable you to defer income until next year? What about accelerating 2003 itemized expenses into 2002? And, are there any new tax credits that may impact you?

The show will air on Comcast cable once a week at 6:30 p.m. on Tuesday’s for the entire month of October. The program reaches 105,000 subscribers on channel 35 in Arlington Heights, Bartlett, Des Plaines, Glenview, Golf, Hanover Park, Mt. Prospect, Northbrook, Park Ridge, Prospect Heights, Schaumburg, Skokie, Streamwood and Wheeling. The show will also be broadcast on Channel 19 at the same time to 120,000 subscribers in Buffalo Grove, Elk Grove Village, Hoffman Estates, Lincolnwood, Morton Grove, Niles, Northfield, Palatine, Rolling Meadows and Wilmette.

Financial Solutions is produced and hosted by Patrick Doland, CFP™, a fee only financial planner and investment manager in Northbrook and is intended to help viewers address their questions on investments, retirement planning, education planning, insurance, and estate planning.