by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 26, 2024 | Accounting Services, Tax Advisory, Tax Assessment, Tax Deadline
Feeling stressed about old tax returns? The IRS has limitations on how far back they can look. Let’s explore these timeframes and ease your worries! The statute of limitations clarifies when the IRS can no longer audit your tax return or assess additional taxes.... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 22, 2024 | Accounting Services, Tax Advisory, Tax Deadline, Tax Planning
Dreaming of retiring as a millionaire? With the deadline approaching to maximize your IRA contributions for the 2023 tax year by April 15, 2024, now is the prime opportunity for young adults to kickstart their journey toward financial independence. Navigating the... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 13, 2024 | Tax Advisory, Tax Deadline, Tax Planning
The Corporate Transparency Act (CTA), already in effect since January 1, 2024, for new entities and looming ahead for existing ones by January 1, 2025, is a key legislative development in the global fight against money laundering and terrorism financing. This Act... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 8, 2024 | Tax Planning, Accounting Services, Tax Advisory, Tax Strategy
As the 2024 tax season officially kicks off, it’s crucial to remember that not all tax-saving strategies are created equal. Ever wondered about the perks of investing in a Maltese individual retirement arrangement or exploring Puerto Rican captive insurance?... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 23, 2024 | Tax Advisory, Tax Assessment, Tax Planning, Tax Strategy
Big changes are on the horizon that could impact your bottom line, and we want to ensure you’re prepared to navigate these shifts without losing a dime. Congress is deciding to make a game-changing move by pushing the ERC filing deadline to January 31 – just... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 17, 2024 | Tax Advisory, Business Planning, Tax Assessment
Have you thought about long-term care? It’s more than just finding the right retirement home. It’s about protecting your financial health and peace of mind, now and in the future. Here are 5 key points to consider: 1. The Truth About Coverage: It’s a...