by Jay Javier | Nov 29, 2021 | COVID-19 Resource Center, Mason, Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting
By Judy Mason, CPA, CVA, CEPA – Partner On November 19th, the House passed the roughly $2 trillion Build Back Better Act. The bill includes income tax changes, expansion of current tax credits, support for health care, and measures to battle climate change. The...
by Jay Javier | Oct 8, 2021 | COVID-19 Resource Center, Silver Advantage Alerts
The Employee Retention Tax Credit (ERTC), originally passed in the CARES Act of March 2020, encourages businesses and tax-exempt organizations to keep employees on payroll during the pandemic. The credit was designed for both essential and non-essential operations. We...
by Jay Javier | Jul 1, 2021 | COVID-19 Resource Center, Silver Advantage Alerts
By Judy Mason, CPA, CVA – Partner and Marco Loza, CPA – Supervisor, Tax As we continue to strive toward a post COVID-19 world, we hope that you and your loved ones find yourselves safe and well. We once again navigated a postponed tax filing season, albeit a shorter...
by Jay Javier | Mar 29, 2021 | COVID-19 Resource Center, Silver Advantage Alerts, State and Local Tax
By Judy Mason, CPA, CVA – Partner and Joshua Prince, CPA, MST – Manager The Employee Retention Tax Credit (ERTC) encourages companies to maintain their workforce by providing eligible businesses with a fully refundable tax credit on qualified employee wages. The CARES...
by Jay Javier | Mar 23, 2021 | COVID-19 Resource Center, Silver Advantage Alerts, Steindler
Harry A. Steindler, CPA – Partner One year ago today, as we are writing this, Governor Pritzker ordered all restaurants and related food service businesses to stop “on-premises” consumption. The original order was to last two weeks. The rest is history – without a...
by Jay Javier | Mar 22, 2021 | COVID-19 Resource Center, Hsiao, Silver Advantage Alerts
By John Hsiao, CPA – Partner On Wednesday, March 17, 2021, the Treasury Department and IRS announced that the federal income tax filing due date for individuals (1040) for the 2020 tax year will be postponed from April 15, 2021 to May 17, 2021. Illinois and various...
