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.
Changes to Catch-Up Contributions: IRS Provides Administrative Transition Relief
Retirement plan administrators have received a reprieve from an upcoming deadline that has been causing frustration throughout the benefits industry. The SECURE 2.0 Act of 2022 (SECURE 2.0) affects how certain retirement account holders may make catch-up contributions.
Augmented Reality Revolutionizes Manufacturing
The manufacturing industry is continually evolving as manufacturers strive for improvements both in efficiency and profitability while maintaining high precision requirements with increasingly complex processes to meet customer demands. One of the most promising technologies that has emerged in recent years is augmented reality (AR).
May 2023 Power Steering
Midyear Planning
As we approach the midpoint of the year 2023, it is the perfect time to assess your tax situation and explore strategies to optimize your financial position.
Tips and Best Practices for Nonprofit Cost Allocations
A significant challenge facing many nonprofit organizations involves determining how much of their resources and expenses go toward each of their programs. Nonprofits do not necessarily see returns on investment in the same way as for-profit businesses, so they must find other means for tracking the sustainability of their operations.
April 2023 Power Steering
Do Not Forget to File Your Illinois Unclaimed Property Report Due May 1st
The Illinois Treasurer requires all businesses and not-for-profits to file annual unclaimed property reports. These reports are due May 1st and can be filed online
March 2023 Power Steering
Strategic Planning Matters!
Everyone knows that the executive leaders of successful small and medium-sized enterprises devote many hours on the day-to-day business operations. The pressure on Chief Executive Officers is without end. It is important that they dedicate time for periodic strategic planning because it matters to businesses’ overall success.
Remote Employees – Tax Compliance Exposure and Requirements
Remote and hybrid working has become the new norm since the pandemic.