Silver Accounting Group

02/06/2023

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.

It's in every contractor's best interest to remain familiar with every potential billing method. This article reviews the five most commonly used.

12/30/2022

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.

The typical organization loses 5% of its revenues to fraud by its own employees each year, with most thefts committed by trusted employees.

12/29/2022

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.

12/28/2022

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.

Do you have business trips booked to visit your company’s key clients? Reacquaint yourself with the business travel expense deduction rules.

12/27/2022

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.

12/26/2022

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.

Families with a disabled child face difficult estate and financial planning challenges. Two options available to them are a special needs trust and an ABLE account. How do they compare?

12/25/2022

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

12/22/2022

In today's unpredictable market, it's critical to audit your accounts receivable ledger and consider writing off outdated, uncollectible accounts.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.

12/21/2022

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.

Withdrawing funds early from your IRA usually comes with tax penalties, but you can withdraw funds penalty-free in certain situations. Learn more here.

12/20/2022

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.

https://silveraccountinggroup.com/answers-to-your-questions-about-taking-withdrawals-from-iras/

Answers to Your Questions About Taking Withdrawals From IRAs As you may know, 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. The rules for

12/19/2022

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.

Do You Qualify for the QBI Deduction? And Can You Do Anything by Year-end to Help Qualify? 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

12/16/2022

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 >> https://ssfllp.com/sec-chair-gensler-warns-about-conflicts-of-interest/

Securities and Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act (SOX). Gensler recommended that the SEC take a “fresh look” at its rules on the issue of auditor conflicts of interest. He also asked the Pub...