by paulagooch | Jul 21, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By Kate Russell, CPA, Senior Manager Fresh off the Governor’s desk in mid-June, House Bill 2755 (Public Act 104‑0006) rolled into law as part of Illinois’ fiscal year 2026 budget. Alongside sweeping tax changes, including the rollout of sports betting levies and the...
by paulagooch | Jul 9, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By MichaelSilver The United States Senate passed the 2025 Tax Act, which would become the final version of what is referred to as One Big Beautiful Bill (OBBB) on July 1, 2025. The House of Representatives passed the legislation without any changes on July 3, 2025....
by paulagooch | May 20, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By Lyssa Kemper, CPA, Partner When thinking about business taxes, federal and state income taxes often take center stage. But income tax is just one piece of the puzzle. Businesses also face a variety of non-income-based taxes that can impact their bottom line, such...
by paulagooch | Apr 22, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By Kate Russell, CPA, Senior Manager If there’s one thing Chicago loves (besides deep-dish pizza and unpredictable weather), it’s taxes. And starting January 1, 2025, the city has again turned up the heat—this time on leases. The Personal Property Lease Transaction...
by paulagooch | Apr 14, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By Angela Adams, CPA, Manager What Businesses Need to Know in 2025 In 2025, Illinois is expecting changes to take effect, including easier gym membership cancellations and the introduction of digital driver’s licenses. One significant change that became...
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...
