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.

Are You Ready for the New Foreign Reporting Requirements for Pass-Through Entities?

Are You Ready for the New Foreign Reporting Requirements for Pass-Through Entities?

As if the current pass-through entity tax requirements were not complicated enough, the IRS introduced new schedules to the mix. Schedules K-2 and K-3 were created for the reporting of international income, deductions, credits, and other miscellaneous items. In case you are not familiar with the term, “pass-through entities” include partnerships, S corporations. Such entities do not generally pay income taxes directly, but rather “pass-through” taxable income, deductions, and credits to their owners.

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Introduction to Cryptocurrencies, An Article Series – #2 of 3

Introduction to Cryptocurrencies, An Article Series – #1 of 3

The evolution of today’s economies, governments, banking systems, and societies has led to the creation of virtual currency and digital assets. Many businesses and individuals are looking to expand their portfolios to include such assets. However, with these assets being so new, there is a lack of clarity in terms of tax treatment and financial reporting.

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Starting a New Business? Let Us Help.

Starting a new business is an exciting time in a person’s life. Excitement, however, is one of several emotions that will undoubtedly be felt as you embark on this journey of entrepreneurship. Feelings of stress, uncertainty, and fear are common. Successfully building a business can be incredibly difficult, but also highly rewarding.

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A Question for All International Companies: Is it Important to Have a U.S. Presence Now?

2021 and 2022 have presented us with many challenges.
Despite all that, foreign direct investment (FDI) was up significantly. According to the United Nations Conference on Trade and Development (UNCTAD) FDI in the United States, the largest host economy, increased by 114% to $323 billion in 2021. The outlook for global FDI in 2022 remains positive, according to the report.

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Elements of a Strategic Business Plan

Perhaps the greatest contribution to the success of a business is the presence of a well thought out, written Strategic Business Plan.
This article will be the first in a series of articles addressing this important business tool; to help guide you on the path of business success! Today we will briefly address the elements of a good plan. In future articles, we will discuss these elements in more detail.

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