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.

Compensation and Motivation

Compensation is defined in two basic ways.
1. Making up for someone’s loss or damage by giving the injured party an appropriate benefit. Examples include: payment of a workman’s compensation claim, or giving a raise to an employee to offset the negative feelings from being passed over for promotion.
2. Rewarding someone for services such as wages and benefits paid to an employee.

This article primarily addresses the second meaning.

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The House Passes Biden’s Build Back Better Act

On November 19th, the House passed the roughly $2 trillion Build Back Better Act. The bill includes income tax changes, expansion of current tax credits, support for health care, and measures to battle climate change.

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2021 Year-End Checklist

As we approach the final weeks of the year, there is still time to minimize your 2021 tax liability and get a jump start on your 2022 tax planning. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation – a continued global pandemic, several significant natural disasters, new tax laws, and political shifts.

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