by paulagooch | Mar 6, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By Kate Russell, CPA, Senior Manager In the business world, we all know Uncle Sam gets the spotlight when it comes to taxes, but let’s not forget about his quieter, sneakier cousins: state and local taxes (SALT). They might not demand as much attention—or as much...
by paulagooch | Feb 27, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By MichaelSilver Nationwide Injunction Lifted Following a February 18, 2025 court decision, the previous nationwide injunction on Beneficial Ownership Information (BOI) reporting has been lifted. BOI reporting requirements under the Corporate Transparency Act (CTA)...
by paulagooch | Feb 20, 2025 | Client Accounting Services, Kemper, Silver Advantage Alerts, Tax Services
By Lyssa Kemper, CPA – Partner If you hire someone to help in your home, whether a nanny, housekeeper, or caregiver, you may be considered a household employer. Many people don’t realize that hiring domestic help comes with tax and legal responsibilities. This guide...
by paulagooch | Feb 14, 2025 | gift and trust services, Quinn Harris, Silver Advantage Alerts, Tax Services
By Quinn Harris, CPA, Partner, and Jing Xu, CPA – Senior Manager A new Illinois income tax credit is now available for tax years ending on or after December 31, 2025 through December 31, 2029. The “Illinois Gives Tax Credit Act” provides a 25% tax credit to taxpayers...
by paulagooch | Jan 30, 2025 | Silver Advantage Alerts, Tax Services
By Sunita Gonsalves, CPA, EA – Associate, Tax As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). This step can...
by paulagooch | Dec 17, 2024 | Client Accounting Services, Kemper, Silver Advantage Alerts
By MichaelSilver As we approach the end of the year, it’s time to start preparing for the 2024 1099 filing season. We aim to make this process as smooth and stress-free as possible for you. Here’s how you can get ahead: 1. Verify Your Records Ensure your vendor...
