by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 13, 2024 | Artificial Intelligence, Consulting Services, Palma Financial Services
We’re reaching out with a critical message concerning a disturbing trend: a surge in sophisticated Social Security scams powered by AI. Understanding these scams and taking immediate action is crucial for taxpayers and business owners. Why you need to be aware:... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 12, 2024 | Pro Tips, Business Planning, Consulting Services, Financial Services, Tax Planning
As we kick off the 2024 tax season, staying alert to the increasing trend of fraudulent 2023 tax return filings is crucial. To assist in this, our firm has developed a targeted quiz to aid in recognizing and combating these scams. This quiz is vital in ensuring... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 27, 2024 | Consulting Services, Financial Services, Tax Deductions
Thinking about deducting travel, meals, and other gambling expenses in 2024? If you consider yourself a professional gambler, you might be eligible. But beware, the IRS has its cards close to its chest, and qualifying isn’t a walk in the park. The Perks of Being... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 13, 2024 | Business Planning, Consulting Services, Rental Property, Small Businesses
Running a business isn’t easy. Every penny counts, including choosing the right tools – like your next business vehicle. 🚗💼 Is buying or leasing the smarter move? The answer’s surprising: it’s not just about the monthly payment. In 2024, the biggest... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 12, 2024 | Accounting Services, Bookkeeping, Business Planning, Consulting Services
I’m back, but not with another game-changing policy: Umbrella Insurance. Think of it as a security blanket for your finances, protecting against unforeseen lawsuits and liabilities. It’s an invaluable asset for both business owners and rental property... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 6, 2024 | Accounting Services, Bookkeeping, Business Planning, Business Protection, Consulting Services
Was your company created before 2024? As part of the new Corporate Transparency Act (CTA), companies like yours are required to submit a Beneficial Ownership Information report (BOI) by the extended deadline of January 1, 2025 (equivalent to December 31, 2024). Here...