by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 30, 2024 | Accounting Services, Business Planning, Business Protection, Tax Assessment
Did you know that even missing one tax deadline can lead to penalties and headaches? Don’t let that happen! The new year is here, and with it comes tax season! That’s why we are sharing the 2024 Federal Tax Calendar to help you stay on top of important... 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 | Jan 30, 2024 | Tax Assessment, Tax Deadline, Tax Planning, Tax Strategy
As the deadline for filing 1099s for the 2023 tax year rapidly approaches, we want to ensure your business is well-prepared for a seamless tax season. With just a limited time left until the January 31, 2023, deadline to file Form 1099-NEC (Nonemployee Compensation)... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 25, 2024 | Tax Deductions, Tax Assessment, Tax Planning
As of 2024, holding dual citizenship presents exciting opportunities like expanded travel horizons and diverse cultural experiences. However, it’s crucial to understand the accompanying tax complexities to avoid legal and financial issues. U.S. Tax... 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 20, 2024 | Tax Assessment, Tax Deadline, Tax Planning, Tax Strategy
We have news that demands your immediate attention, as it could impact your business’s financial landscape – a proposed change in the Employee Retention Credit (ERC) filing deadline. In light of the persistent confusion surrounding ERC eligibility, associated...