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 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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 30, 2023 | Tax Assessment, Tax Advisory, Tax Strategy
With the dawn of 2024, let’s harness the power of the new tax year. It’s not just about numbers on a form; it’s about empowering yourself, securing your future, and increasing your savings. 1. The Power of Your Adjusted Gross Income Your Adjusted...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 29, 2023 | Tax Advisory, Tax Assessment, Tax Planning, Tax Strategy
The IRS introduced the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) to support businesses, providing a unique opportunity to amend past ERC claims. This program especially benefits those who may have inadvertently overstated their ERC claims. Why...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 28, 2023 | Tax Assessment, Tax Planning, Tax Strategy
As an independent worker, consultant, or freelancer, you’re responsible for paying your taxes throughout the year, not just in April. And with the recent increase in the IRS penalty for underpayment, even a small miscalculation could cost you big. Here’s...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 27, 2023 | Tax Strategy, Tax Assessment, Tax Planning
Get ready for some jingle-all-the-way news, taxpayers! The IRS, that lovable Grinch we all know and tolerate, is gifting $1 billion in penalty relief to 4.7 million lucky folks this holiday season. That’s right, folks, a Scrooge-sized chunk of change straight...
