by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 17, 2024 | Tax Advisory, Tax Planning
The recent H&R Block outage exposed a vulnerability for many taxpayers: a reliance on last-minute filing solutions. While these services can be convenient, they can also lead to stress, errors, and missed opportunities. Could there be a better way to manage your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 15, 2024 | Tax Advisory, Tax Planning, Tax Strategy
REMINDER!Today, April 15th, is the deadline to file your 2023 federal taxes (April 17th for Maine and Massachusetts residents). While tax payment isn’t due today, filing late can result in penalties. Need more time? You can request an extension to file by...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 5, 2024 | Bookkeeping, Cryptocurrency, Investments, Tax Planning
Listen up if you’re into crypto, Big changes are coming for tax time in 2025. Remember that whole thing about people buying and selling crypto without paying taxes? Yeah, Congress isn’t a big fan. So, they’re making companies that deal with crypto...
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 21, 2024 | Business Planning, Tax Deductions, Tax Planning, Tax Strategy
Significant updates for student loan borrowers have been announced! President Biden disclosed the cancellation of $1.2 billion in student loan debt, benefiting around 150,000 borrowers and contributing to a total debt forgiveness of $138 billion for nearly 3.9 million...