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Bill Kwit

Partner at O'Malley & Kwit LLC

Professional Background

William Kwit is a highly regarded professional in the field of tax, accounting, and advisory services. With a profound commitment to client service as his guiding principle, William has built a robust career helping a variety of businesses succeed. He is known for his hard work and dedication to meeting and exceeding client expectations in all tasks he undertakes. Currently, William serves as a Partner at O'Malley & Kwit, where he leverages his extensive expertise to support Chicago manufacturers, distributors, real estate professionals, and various service businesses, as well as their owners. He is proficient in delivering exceptional services tailored to the needs of companies at all stages of development, from start-ups to established businesses preparing for sale.

With a wealth of experience in tax planning, accounting, auditing, and advisory services, William specializes in empowering closely-held businesses in addressing their accounting and tax needs. He also adeptly assists families and their advisers in navigating complex tax planning and estate planning challenges, ensuring compliance and feasibility.

Education and Achievements

William's educational background is as impressive as his professional journey. He holds a Master of Science in Taxation from DePaul University’s Charles H. Kellstadt Graduate School of Business, providing him with a robust framework of advanced knowledge in taxation.

Before that, he achieved his Bachelor of Science in Accountancy from Northern Illinois University, where he honed his foundational skills in accounting practices and principles. Further enriching his education, William also studied Geology at the University of Illinois at Urbana-Champaign, which underscores his diverse academic interests and breadth of knowledge that complements his career.

William's achievements extend beyond education into key professional milestones. As a former Partner at Coleman Epstein Berlin & Company, he played an instrumental role in shaping the firm's approach to tax and accounting services. His experiences have equipped him with unique insights and a comprehensive understanding of the financial landscape, allowing him to guide clients effectively.

Personal Interests

Outside of his professional life, William is an avid runner and outdoor enthusiast. He participates in various races, with the Soldier Field 10 miler in Chicago being one of his favorite events. This not only demonstrates his commitment to personal fitness but also emphasizes his connection to the Chicago community. In addition to running, William enjoys backpacking, having recently explored the breathtaking vistas of the Grand Canyon. His passion for outdoor activities reflects a well-rounded lifestyle that values both physical health and the beauty of nature.

Moreover, William is dedicated to family life. He finds joy in spending quality time with his family, including the rewarding and unique challenges presented by raising a child with autism. This personal experience enriches his understanding and perspectives on life, and it often informs his approach to both personal and professional relationships.

Achievements

  • Partner at O'Malley & Kwit, providing expert tax, accounting, and advisory services.
  • Former Partner at Coleman Epstein Berlin & Company, contributing significantly to the company's growth and client satisfaction.
  • Collaborated with businesses across various industries, from manufacturing to real estate, enhancing their financial operations.
  • Extensive experience in tax planning and compliance for closely-held businesses and families, ensuring strategic financial health.
  • Engaged in community activities, including powerful advocacy for families with special needs.
  • Active participant in local running events, fostering a sense of community and personal wellness.

Related Questions

How did William Kwit transition from his studies in Geology to a successful career in accounting and taxation?
What inspired William Kwit to focus on client service as a central tenet of his practice?
Can William Kwit share examples of how he has successfully navigated tax planning challenges for closely held businesses?
How has William Kwit applied his educational background in taxation and accounting to benefit his clients at O'Malley & Kwit?
In what ways does William Kwit integrate his personal interests, such as running and backpacking, into his professional life?
How does William Kwit approach the challenges of working with families who have children with autism in relation to estate planning?
Bill Kwit
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Location

Glenview, Illinois, United States