Red Alert
Palm Beach
Naples
Palm Beach (561) 655-8700
Naples (239) 353-8700

Bill Kilgallon

Bill KilgallonBill Kilgallon is the Tax Director at Hafer & Company, joining the firm in June of 2016. Bill typically begins the preparation of the client’s tax return, with an overall assessment of their present tax situation, looking to defer income where possible, maximizing all available tax deductions and utilizing tax credits to offset the tax liability. Bill can cite many instances where he has taken advantage of often overlooked tax saving opportunities, such as the the completed contract method to defer taxable income; electing installment sale treatment; maximizing the DPAD deduction and like kind property exchanges. From the tax credit side, Bill looks to ensure that foreign tax credits, child care credits, and education credits are maximized. In addition to individuals and businesses, Bill serves our Country Clubs, Cooperative’s, Condominium’s and Homeowners Association client’s as well. Bill has expertise in all areas of tax; merger and acquisitions services, structuring tax efficient sales of businesses, federal and state audit representation, tax planning, estate and gift taxes, transactional taxes, and general tax consulting.

Bill’s background and experience includes fifteen plus years’ experience in Big 4 Public Accounting, primarily serving multinational clients in the area of ASC 740 (Accounting for Income Taxes), both for attest and non-attest, Fortune 100, SEC clients. In 2011, Bill relocated from New York to Florida, and joined RSM (formerly McGladrey). His client base in Florida focused principally on serving the Country Club Practice; family owned closely held businesses, and high net worth individuals. In the Country Club practice, Bill has identified often overlooked refundable tax credits, which generated sizeable refunds; assisted two well-known Golf Club’s that had been acquired in a “Bargain Purchase” (i.e. well below market value) in identifying and recording their “purchase accounting entries”, since treatment under US GAAP is significantly different from the tax allocation which uses the residual method; successfully defended an employment tax audit that had significant exposure; managed a number of IRS audits including one large and well known country club, along with several homeowner associations, resulting in no change audits.

Bill has a Bachelor of Science in Accounting from Manhattan College, Bronx, NY, holds a Certificate in Taxation from New York University, and is a Circular 230 Professional - IRS Enrolled Agent.

Bill is active in the Palm Beach County community, having served as the Treasurer of Habitat for Humanity -South Palm Beach County, and Treasurer for the Boca Raton Sunrise Rotary Club.

 

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Palm Beach, Florida
249 Royal Palm Way, Suite 300
Palm Beach, FL 33480
Phone: (561) 655-8700
  Naples, Florida Office
649 Fifth Avenue South, Suite 200
Naples, FL 34102
(239) 353-8700