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.
Leadership and International Business Culture and Etiquette: We speak the same language, right?
The world has gotten a lot smaller than it used to be, figuratively speaking of course, because travel and communication have gotten so much better and affordable during the last decade. More people than ever travel to other countries for both...
Illinois Businesses Need to Act Now – The Illinois Secure Choice Program Has Arrived
The Illinois Secure Choice program is a mandatory state run retirement plan. It will apply to your company if you meet the state mandated criteria (defined below) and if you do not currently offer a retirement plan to your employees. However, even...
Interstate Sellers: Are You Ready for Sales Tax after Wayfair?
In July, we wrote to tell you about the results of a June 2018 Supreme Court decision that will impact interstate sales for years to come. In the Wayfair case, the Supreme Court ruled that a state can require any seller to charge sales tax...
2018 Year-End Tax Planning Checklist For Dealers
As another tax year comes to a close, it is time to consider your tax planning opportunities. The tax law passed last December (TCJA) could have a major impact on your business and personal income tax returns.Year-End Planning:The C Corporation tax...
2018 Year-End Tax Planning Checklist
As we approach the final weeks of 2018, there is still time to minimize your 2018 tax liability and get a jump start on your 2019 tax planning. As you may already know, 2018 saw one of the biggest overhauls to the tax code in decades, making tax...
Grab the Low Hanging Fruit
The idea of "Low Hanging Fruit” comes from the fruit producing industry. It is much easier to pick the fruit off the tree that can easily be reached than to use a ladder or other equipment. The concept is not a long-term, strategic...
Finding the Right Job – Helpful Tips for Students
Fall is back which means school is underway and recruiting season is heating up. Along with the excitement of recruiting season comes the anxiety of beginning a job search and finding the right job. Your first job after graduation is crucial and...
Eligibility and Limitations of the 20% Deduction for Qualified Business Income (“QBI”)
On August 8, 2018, the IRS issued new guidance on the 2017 Tax Reform Act, and more specifically, on the eligibility and limitations of the 20% deduction for Qualified Business Income (QBI), also referred to as the “20% pass-through...
Pitfalls to Avoid When Conducting Business in the United States
The U.S. represents the world’s greatest buying population. How does a company take advantage of this opportunity? The right approach to doing business in the U.S.can separate those who succeed from those who do not. It is equally important to know...
What Does the New Supreme Court Sales Tax Ruling Mean for Businesses?
On June 21, 2018, the U.S. Supreme Court issued its opinion in South Dakota v. Wayfair, a landmark sales and use tax nexus case that will have implications for many online sellers and multistate businesses. The Court ruled that a state can require...