• Client Tax Center
  • Make a Payment
  • Client Portal
  • About
    • History
    • Leadership
    • In The Community
    • Affiliations
    • 80th Anniversary
  • Services
    • Tax Services
      • Tax Planning and Consulting
      • Tax Compliance
      • State and Local Tax
      • Estate, Gift, and Trust Services
      • Tax Audit Assistance and Representation
    • Accounting and Assurance
      • Audits, Reviews, and Compilations
    • Client Accounting/Advisory Services
      • Accounting Services
      • Back Office Processing
      • Controllership
      • Financial Planning and Analysis
    • Management Consulting
      • Business and Strategic Planning
      • Compensation and Benefit Planning
      • Exit Planning
      • Industry Specialties
      • Mergers and Acquisitions
      • New Business Opportunities
      • Recruiting
      • Valuation and Consulting Services
    • Private Client Services
    • Valuation and Consulting Services
  • Industries
    • Automobile and Truck Dealerships
    • Restaurants and Hospitality
    • Manufacturing and Distribution
    • Not-For-Profit
    • Professional Services
    • Real Estate and Construction
    • Retail
    • Vehicle and Equipment Leasing Companies
  • International
    • Getting Started in the U.S.
    • International Team
    • International Tax Services
    • International Affiliation
  • News
    • News and Events
    • Silver Advantage Alerts
    • Silver Advantage Sign Up
  • Careers
    • Benefits
    • Student Opportunities
    • Open Positions
  • Contact
Not All Taxes Are Income-Based: What Businesses Need to Know

Not All Taxes Are Income-Based: What Businesses Need to Know

by paulagooch | May 20, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services

By Lyssa Kemper, CPA, Partner When thinking about business taxes, federal and state income taxes often take center stage. But income tax is just one piece of the puzzle. Businesses also face a variety of non-income-based taxes that can impact their bottom line, such...
Chicago Lease Tax: What Businesses Need to Know in 2025

Chicago Lease Tax: What Businesses Need to Know in 2025

by paulagooch | Apr 22, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services

By Kate Russell, CPA, Senior Manager If there’s one thing Chicago loves (besides deep-dish pizza and unpredictable weather), it’s taxes. And starting January 1, 2025, the city has again turned up the heat—this time on leases. The Personal Property Lease Transaction...
Not All Taxes Are Income-Based: What Businesses Need to Know

Illinois Sales and Use Tax Applies to Leased or Rented Tangible Personal Property

by paulagooch | Apr 14, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services

By Angela Adams, CPA, Manager What Businesses Need to Know in 2025 In 2025, Illinois is expecting changes to take effect, including easier gym membership cancellations and the introduction of digital driver’s licenses. One significant change that became...
Not All Taxes Are Income-Based: What Businesses Need to Know

Understanding State and Local Taxes for Businesses

by paulagooch | Mar 6, 2025 | Silver Advantage Alerts, Tax Compliance, Tax Planning and Consulting, Tax Services

By Kate Russell, CPA, Senior Manager In the business world, we all know Uncle Sam gets the spotlight when it comes to taxes, but let’s not forget about his quieter, sneakier cousins: state and local taxes (SALT). They might not demand as much attention—or as much...

Tags

# #401(k) #accountant #bestpractices #bookkeeping #accounting #businessvaluation #CommunitySupport #dealers #ERTC #estate tax #Illinois taxes #intl business #reporting #retirementplan #SALT #SECURE 2.0 #strategic planning #taxcredits #taxmanager #tax planning #valuation #yearendplanning 1099 accounting advisory assurance audit automotive checklist consulting cryptocurrency healthcare hospitality international leasing manufacturing not-for-profit planning professional real estate retail tax taxaccountant taxcompliance taxes

SIGN UP FOR SILVER ADVANTAGE ALERTS

Address
9 Parkway North
Suite 300
Deerfield, IL 60015
Phone 847.982.0333
Fax 847.982.0219

Tax Services

Accounting and Assurance

Client Accounting/Advisory Services

Management Consulting

Private Client Services

Valuation and Consulting Services

Local, National and International Clients

  • Follow
  • Follow
  • Follow
Site design by Hollinden | marketers + strategists