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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 11, 2024 | Financial Services, Tax Advisory, Tax Deadline
We are reaching out with an URGENT UPDATE that affects your business if you have employees in California and New York. For 2023, The Federal Unemployment Tax Act (FUTA) has announced a retroactive increase in the credit reduction for employers in these states. This...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 9, 2024 | Tax Advisory, Tax Assessment, Tax Planning, Tax Strategy
We’re excited to inform you that the Internal Revenue Service (IRS) has officially set Monday, January 29, 2024, as the kick-off for the 2024 tax season, which is the day when they will start accepting and processing tax returns for 2023. With an estimated 128.7...
