by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 12, 2024 | Sole Proprietorship, Business Planning, Small Businesses
As we delve into tax strategies, you have a powerful tool—the Section 199A deduction under the Tax Cuts and Jobs Act. It’s time to explore how this can be a game-changer for your business. The 20% Boost for Pass-Through Entities (2018-2025): This provision can...
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 | Jun 3, 2023 | Small Businesses, Schedule C
Alright, listen up: So, here’s the deal, my friend: About 75% of small businesses choose a Schedule C, but honestly, it doesn’t really make sense when it comes to taxes. But here’s the cool part: If you switch it up and go for an S corporation,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 31, 2023 | Small Businesses, Tax Advisory
We have received numerous inquiries, and I want to urgently bring to your attention a matter of utmost importance that could have far-reaching consequences for our economy and small business. The U.S. government’s potential default on its obligations is a...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 19, 2023 | Small Businesses, Tax Assessment
As a small business owner, staying ahead of your business’s trends and challenges is crucial to your success. Since the second quarter of 2023 is beginning, it’s important to review the top concerns facing small businesses to stay informed and prepared for...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 16, 2023 | Small Businesses, Tax Assessment
Hello !👋 As tax season approaches, we understand you may have many questions and concerns about filing your small business taxes. That’s why we’ve compiled a list of the top 1️⃣0️⃣ Tax Questions from Small Business Owners and their answers: Are there any...
