Silver Advantage Alerts
Keeping You Informed
We strive to keep you abreast of the latest news and emerging trends that may impact your business decisions through MichaelSilver’s Silver Advantage Alerts. Explore the latest finance and industry updates below and sign up to receive our alerts directly in your inbox.
Important Update: Federal Court Issues Nationwide Injunction Against Corporate Transparency Act
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.
Get Your Business on Track for a Strong Start to 2025
As the year wraps up, now is the perfect time to organize your financial information and ensure your business is on track for a strong start to 2025. To support your year-end review, we’ve created a checklist of key tasks and reminders.
2024 Year-End Checklist For Dealers
As another tax year comes to a close, it is time to consider your tax planning opportunities and year-end tasks.
2024 Year-End Tax Planning Checklist
As 2025 draws near and the end of the 2024 tax year is approaching, it is an excellent time to review your tax planning strategies. This guide outlines various potential tax-saving opportunities.
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
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.
How Legal Documents Are Factored into Business Valuation Discounts
Business valuations are performed for a variety of reasons, including estate planning, shareholder buyouts, shareholder agreements, corporate strategic planning, and entity restructuring.
Preparing for Tax Changes in 2025
The Tax Cuts and Jobs Act (TCJA) of 2017 significantly changed the Internal Revenue Code and lowered tax rates for individuals and businesses. Many of the TCJA’s changes will expire at the end of 2025 unless Congress and the President act to extend them or make them permanent. Whether this will happen largely depends on the outcome of the November elections. It is important to be prepared to take action should the sunset of these provisions occur.
How the New Overtime Rule Expands Eligibility for Overtime Pay
Federal and state laws guarantee the right of most workers to receive overtime pay when they work more than 40 hours per week. The Fair Labor Standards Act (FLSA) sets a minimum requirement for overtime pay nationwide.
New Rule Modifies Federal Statute’s Definitions of “Employee” and “Independent Contractor”
The employer/employee relationship can be quite complicated from a legal point of view, with employers having a range of obligations to their employees. Some of these obligations may vary based on laws in an employer’s state, county, or city.
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