by paulagooch | Apr 24, 2024 | Quinn Harris, Silver Advantage Alerts, State and Local Tax, Tax Compliance, Tax Planning and Consulting
By Quinn Harris, CPA, Partner The Illinois Treasurer requires all businesses and not-for-profits to file annual unclaimed property reports. These reports are due May 1st. Even if an entity is not holding any unclaimed property, it must still file a negative (no...
by paulagooch | Feb 19, 2024 | Giesecke, gift and trust services, Silver Advantage Alerts, Tax Compliance, Tax Services
By Katy Giesecke, CPA – Partner, Kyle Dixon, CPA – Senior, Tax, Marco Loza, CPA – Manager, and Haley Mulcrone, Associate, Tax The lifetime estate and gift tax basic exclusions are set to undergo a significant reduction after 2025, a repercussion of the...
by paulagooch | Jan 30, 2024 | Giesecke, gift and trust services, Silver Advantage Alerts, Tax Compliance, Tax Services
By Katy Giesecke, CPA – Partner Illinois Estate Tax Illinois is one of the eleven states that impose an estate tax on a portion of a person’s assets upon death. The Illinois estate tax has a significantly lower exemption and broader reach than the federal estate tax...
by paulagooch | Jan 8, 2024 | Silver Advantage Alerts
By MichaelSilver We hope you had a good holiday season and are as excited for the new year as we are at MichaelSilver! Our Client Accounting/Advisory Services group at MichaelSilver is ready to prepare your 2023 1099s! There are minimal changes for 2023 preparation....
by paulagooch | Nov 30, 2023 | Automobile and Truck Dealerships, Silver Advantage Alerts, Tax Compliance, Tax Services
By Margaret Lulkiewicz, CPA – Supervisor, and Kristy McElroy, CPA – Senior Manager There is good news for individual consumers and businesses considering the purchase of an electric vehicle. The 2022 Inflation Reduction Act extended certain tax credits through 2032...
