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 | Aug 19, 2023 | Sole Proprietorship, LLC, Tax Assessment
Choosing the right business structure is pivotal in shaping your company’s future. Your aspirations, size, functions, liability concerns, and tax goals are essential factors that guide this vital decision. Whether considering a sole proprietorship, partnership,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 8, 2023 | S Corporation, Sole Proprietorship, Tax Planning
Balancing family and business is no small feat, especially when considering how best to integrate our young ones into the business landscape. When you have both a Sole Proprietorship and an S Corporation, maximizing benefits while ensuring compliance is crucial. Key...
