by paulagooch | Dec 12, 2024 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services
By MichaelSilver On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction blocking enforcement of the Corporate Transparency Act (CTA) and its implementing regulations nationwide. The court found that the...
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 | 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 | 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...
by paulagooch | Nov 22, 2023 | Silver Advantage Alerts, Tax Compliance, Tax Services
By Greg Diehl CPA – Manager Starting January 1, 2024, the IRS is requiring most businesses to file Form 8300 electronically (e-file) instead of filing a paper return. Form 8300 is used for businesses to report any transaction in which the business receives more...
