by paulagooch | Nov 12, 2024 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By MichaelSilver As we approach the year-end deadline, we want to remind you of an important regulatory change. The Corporate Transparency Act (CTA) went into effect on January 1, 2024, requiring compliance from many businesses. The CTA was enacted into law as part of...
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...
