On June 27, The Kelly Group and Kelly CPAs and Consultants hosted an educational seminar for more than 100 clients and their guests on the tax changes resulting from the Tax Cuts and Jobs Act. Presenter Chuck Wienckowski addressed the new change law provisions that fundamentally change the individual and business tax landscape. These changes, which mostly take effect in 2018, include changes to marginal income tax brackets and the alternative minimum tax, limits on common itemized deductions, and very complex new 20% deduction for pass-through businesses.
On June 27, The Kelly Group broke ground for the upcoming addition to our 48 East Gordon Street building. One of two renovated historic buildings that house our firm (the other located next door at 54 East Gordon Street), it was formerly known as “Doc Hopkins’ place”. Purchased by The Kelly Group in 2003, the building will double in size by year end, from 2,400 square feet to just under 5,000.
Our need for this expansion is a testament to our firm’s success and growth, which is a direct result of the deep loyalty of our clients, the amazing support from our community, and the quality and dedication of our team. Indeed, this building addition is needed due to the anticipated growth of this team from more than 20 employees to more than 30.
And we anticipate continued growth. Our lot located at the adjacent corner–60 East Gordon Street–is patiently awaiting our third building, part of our vision for the future, a vision focused on continuing to serve as a community-based firm with a community- based campus.
Those shovels you see in the accompanying picture are rich with symbolism to us. They are a physical manifestation of our firm’s sustainability, and a reaffirmation of our commitment to community and historic preservation.
Congratulations to Chad Arrington (back row, second from the left) for being nominated and, on June 21st, appointed to the Harford County Chamber of Commerce Board of Directors. Chad has been active in the Chamber for the past five as a member of the Chamber’s Young Professionals Committee. He served as co-chair of the committee in 2016 and 2017.
Charlie Wolpoff, The Kelly Group’s Director of Financial Planning and Research, traveled to Chicago the week of July 11 to attend the 2018 Morningstar Investment Conference. This annual event provides diverse and cutting-edge insights into developments on financial advice and investing. Speakers at the conference included Walter Bettinger, CEO of Charles Schwab; Morningstar CEO Kunal Kappor; Kevin Kelly founding executive editor of Wired Magazine; and legendary investor and perma-bear Jeremy Grantham. One of the highlights of the conference was an interview with Nobel laureate Daniel Kahneman, a pioneer in the field of Behavioral Finance. Morningstar is a leading provider of independent investment research.
On June 3rd, Financial Advisor and CPA, Chuck Wienckowski, completed his fourth “Escape from Alcatraz” triathlon in San Francisco, California. One of 1,570 triathletes, Chuck completed the 1.5 mile swim, 18 mile bike ride and 8 mile run in 5 hours and 10 minutes. Way to go, Chuck!!!