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.
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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Three Common Business Valuation Methods
In the world of business valuation, understanding the results of a valuation report can also be challenging. There are three general approaches to determining value.
Accounting Software Highlights for Small Businesses
It can be overwhelming to find the right software and applications for your business. Technology is changing quickly, and keeping up with the changes can be challenging while running a successful business.
Get on Track Now for the 2024 1099 Season
As we approach the mid-point of the year it is a great time for a refresher on 1099 reporting requirements. See the useful tips below to get on track for the 2024 1099 season.
Midyear Planning
Midyear tax planning enables individuals and businesses to proactively manage their tax obligations, identify potential savings, and make informed decisions for the remainder of the year.
Knowing What Your Business is Worth Yields Valuable Business Intelligence
It is a common question among business owners: “Why should I invest the time and go through the trouble of performing a business valuation if I am not currently considering selling my business?”
The Top 5 Reasons Why Having Your Accounting in Order is Crucial for Business Success
In the dynamic and fast-paced world of business, maintaining accurate and organized financial records is paramount. Whether you are a small startup or an established company, the importance of having your accounting/bookkeeping in order cannot be overstated.