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.
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...
There Is A New Mandatory Retirement Program in Illinois. Does It Apply To Your Business?
There is a new Illinois retirement program that is mandatory for certain employers called Illinois Secure Choice Savings Program. If your company does not currently offer a retirement plan, you may be required to offer this new plan to your...
What Steps Do You Take When a Loved One Passes?
Your loved one has passed and you are the executor and/or trustee. Suddenly you’re confronted with a set of unfamiliar responsibilities at what is already a difficult time in your life. You will find that there are many helpful people to guide you...
European Union's General Data Protection Regulation – What You Should Know
Enforcement of the European Union's General Data Protection Regulation (GDPR) is a set of rules designed to give European Union (EU) citizens more control over their personal data. The GDPR applies to personal data relating to EU residents,...
Thinking About Expanding Your Business Abroad? We Can Help.
MichaelSilver is a member of GMN International (GMN), a well-established association of independent accounting firms that provide accountancy, assurance, tax advisory, and business consultancy services to businesses worldwide.GMN’s...
Here Come the New Lease Rules!!
Some of you may not have heard, but the Financial Accounting Standards Board (FASB)has issued new accounting requirements for leases (ASC 842) that become effective in 2019 for public companies and 2020 for nonpublic companies. The accounting rules...