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.
File Your Tax Return Faster, Easier, and Safer!
New this year, we are proud to offer a hassle-free way to receive and review your income tax returns, as well as e-sign required e-filing forms right from your computer, tablet, or smartphone!
Elements of a Strategic Business Plan
Perhaps the greatest contribution to the success of a business is the presence of a well thought out, written Strategic Business Plan.
This article will be the first in a series of articles addressing this important business tool; to help guide you on the path of business success! Today we will briefly address the elements of a good plan. In future articles, we will discuss these elements in more detail.
The 7 Most Common Nonprofit Accounting Mistakes and How to Avoid Them
As a nonprofit, part of your mission is to bring good to the community and the world at large. One important aspect of running a nonprofit is ensuring that your accounting records are in order to help retain your nonprofit status and to properly report your financial position and the financial results of your organization.
We’re Using Advanced Automation Technology to Better Serve You – SafeSend Returns
The 2021 tax returns filing season has officially begun! This year we are enhancing your experience with our exceptional client services by utilizing advanced automation technology called SafeSend Returns.
Take Advantage of the 179D Energy-Efficient Commercial Building Tax Deduction
Great news for commercial building owners: the Section 179D Energy Policy Act tax deduction was made permanent as part of the Consolidated Appropriations Act of 2021. This change enables business owners and government contractors, including healthcare property owners to take advantage of a perpetual tax incentive for energy-saving improvements.
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.
Happy New Year! It’s . . . 1099 Season!!
Our Client Accounting Services group at MichaelSilver is excited to kick off the New Year by taking the first steps into our 2022 tax season as we tackle 1099 preparation!
How to Minimize Your Taxes Using the New State Election for Pass-Through Entity Tax
As we approach the final weeks of the year, there is a new and important tax planning opportunity to consider for your Partnership and/or S-corporation business, the timing, and deductibility of pass-through entity state income tax payments.
November 2021 Power Steering
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.