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 | 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 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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 18, 2024 | Tax Deadline, Tax Planning, Tax Strategy
Are you ready to face the 2024 tax season? Missing tax deadlines is a mistake you can’t afford. It’s not just about the rush; it’s about avoiding unnecessary fines and controlling your financial future. Why is it crucial to be on top of your...
