Brian Silver @SilverAGLLC

Employees often receive privileges depending on their department, job, and degree of permission to use specific apps or open specific files. Employees may amass a variety of advantages throughout their career that they no longer require. Read more. bit.ly/3W8yCkM

Accounting, company taxes, and payroll should all be filed correctly by small business owners. It is critical to engage with knowledgeable tax specialists and keep detailed records. Reach us to know more.

An employee's "ordinary and essential" business travel expenditures may be written off by the employer. If a travel expenditure is connected to business, fair given the circumstances, and not "lavish or expensive," it is considered usual and required. bit.ly/3sA479D

For the regular worker, 401K plan is a typical fringe perk. However, some businesses might wish to go above and above by giving important employees exclusive alternatives as part of their benefit packages. Call us to know more. #Plan #employee

Keep these important distinctions in mind as you decide which choice is best for your family: While Special Needs Trust (SNT) might provide more flexibility, an Achieving a Better Life Experience Act (ABLE) account might provide greater tax benefits. bit.ly/3f8oC9W

Wishing you a Merry Christmas & Happy Holidays from Silver Accounting Group!

The billing process of any construction contract is critical for both sides. In negotiations, each tactic should be carefully studied because it has varied advantages and risks for each party. 👍 Contact us to know more of the billing methods. #billing bit.ly/3T5jbIG

In today's unpredictable market, it's critical to audit your accounts receivable ledger and consider writing off outdated, uncollectible accounts. Your previous approaches for evaluating problematic debts may no longer be applicable. Call us to know more.

Under normal circumstances, you cannot withdraw money from your traditional individual retirement account (IRA) without facing a penalty tax until you reach age 59.5. You can, however, avoid this sanction if you make an IRA hardship withdrawal. bit.ly/3DHg8kp

You can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72. Visit our website to know more. #IRA silveraccountinggroup.com/answers-to-you… bit.ly/3BEUITc

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. Visit our website to know more. #deduction bit.ly/3huAaG6

Gary Gensler, the chair of the Securities and Exchange Commission (SEC), spoke during a recent webcast to mark the Sarbanes-Oxley Act's 20th anniversary (SOX). Learn more >> ssfllp.com/sec-chair-gens… bit.ly/3uuTCp2

A tax-advantaged savings plan called a 529 is intended to promote saving for future educational expenses. Section 529 of the Internal Revenue Code permits 529 plans are sponsored by states, state agencies, or educational institutions. Call us to know more. #education #plan

As companies and non-profit organisations rely more on technology, cyberthreats are evolving to become more advanced and aggressive. These dangers must be taken into account by auditors when evaluating risks. Learn more >> beenegarter.com/cyber-risks-a-… bit.ly/3P5NNI7

The new law won't increase taxes for working families or small businesses with annual incomes under $400,000. The Inflation Reduction Act is being partially funded by imposing a 15% minimum tax on businesses with annual revenue of $1 billion or more. Call us to know about IRA.

The digital transformation of accounts receivable provides exceptional real-time coordination and thorough visibility across all O2C operations of an organization. Learn more >> emagia.com/blog/the-digit… bit.ly/3utDqok

Regardless of the recipient, deductions for ordinary income property (including short-term capital gain property) are only allowed up to your cost basis. Read the blog to know more >> yeoandyeo.com/resource/deduc… bit.ly/3ukgyr8

A business interruption insurance coverage may help you recover lost revenue, fix damaged property, and pay for additional costs if a calamity occurs. A company valuation expert can help you understand what is covered. Call us to know more.

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. bit.ly/3H39mai

Trying to handle estate planning on your own is one of the biggest mistakes you can make. Making your estate planning documents is a crucial process that must be completed correctly. Reach us to know more. #estate #planning