by Jay Javier | Mar 26, 2018 | Silver Advantage Alerts
Some of you may not have heard, but the Financial Accounting Standards Board (FASB)has issued new accounting requirements for leases (ASC 842) that become effective in 2019 for public companies and 2020 for nonpublic companies. The accounting rules can be early...
by Jay Javier | Mar 22, 2018 | Community
MichaelSilver kicked off a Tax Season Sock Drive in February. Working with Northfield Township partner, St. Philip Church, and their clothing closet (which is available to those who shop at the Northfield Township Food Pantry), our employees donated 260 pairs of socks...
by Jay Javier | Feb 26, 2018 | Silver Advantage Alerts
Tax reform has been making headlines for the past few months, but you may have overlooked the drastic changes it will have on international tax and foreign transactions. There are many significant changes that affect both individuals and businesses and it is important...
by Jay Javier | Feb 19, 2018 | Joshua Prince, Silver Advantage Alerts
The Tax Cuts and Jobs Act of 2017 was a sweeping tax package that has brought significant tax changes to individuals and corporations. A cornerstone of the Act is the new deduction for “qualified business income” (QBI), also referred to as the “pass-through...
by Jay Javier | Feb 9, 2018 | Silver Advantage Alerts
With tax filing season already upon us, there are many changes that Illinois tax filers may want to keep in mind when filing their 2017 tax returns and when planning for the 2018 filing season. This article highlights a handful of changes that will affect tax...
