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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 22, 2023 | Tax Assessment, Tax Deductions, Tax Strategy
Remember those 5 strategies we promised to share to help you keep more hard-earned cash? Buckle up because we’re diving into the last three right now! Stay Single to Increase Mortgage Deductions: Single life, big savings: Did you know two single homeowners can...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 21, 2023 | Tax Assessment, Tax Deductions, Tax Planning
Guess what !? 2023’s about to wave goodbye, and with it, a bunch of tax deadlines. But before we say hello to 2024, we’ll uncover 5 strategies to help you keep more of your hard-earned cash. Think of it as your personal training guide for getting ahead in...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 20, 2023 | Tax Assessment, Accounting Services, Tax Deductions
Why Consider Prepaying Expenses? Prepaying business expenses offers a strategic edge. By advancing payments for rent, insurance premiums, lease payments, and service contracts now, you can shift a major portion of your expenses to the current year, lowering your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 18, 2023 | Webinar, Accounting Services, Tax Assessment, Tax Deductions, Tax Planning, Tax Strategy
Hey! our webinar, “Is Your Tax Bill Bigger than Your Christmas List? Tax Planning Strategies to Implement Before December 31” is LIVE RIGHT NOW! JOIN US HERE
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 18, 2023 | Webinar, Accounting Services, Tax Assessment, Tax Deductions, Tax Planning, Tax Strategy
In just 1 hour, we’re going live with our webinar, “Is Your Tax Bill Bigger than Your Christmas List? Tax Planning Strategies to Implement Before December 31.” Don’t miss out on these: Last-minute tactics to reduce your 2023 tax bill in the...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 17, 2023 | Accounting Services, Tax Assessment, Tax Deductions, Tax Planning, Tax Strategy, Webinar
My name’s Miguel Palma, and I’m pulling out all the stops for this final event of the year: “Is Your Tax Bill Bigger than Your Christmas List? Tax Planning Strategies to Implement Before December 31.” But before we dive into the...
