by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 13, 2024 | Business Planning, Consulting Services, Rental Property, Small Businesses
Running a business isn’t easy. Every penny counts, including choosing the right tools – like your next business vehicle. 🚗💼 Is buying or leasing the smarter move? The answer’s surprising: it’s not just about the monthly payment. In 2024, the biggest...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 12, 2024 | Accounting Services, Bookkeeping, Business Planning, Consulting Services
I’m back, but not with another game-changing policy: Umbrella Insurance. Think of it as a security blanket for your finances, protecting against unforeseen lawsuits and liabilities. It’s an invaluable asset for both business owners and rental property...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 6, 2024 | Accounting Services, Bookkeeping, Business Planning, Business Protection, Consulting Services
Was your company created before 2024? As part of the new Corporate Transparency Act (CTA), companies like yours are required to submit a Beneficial Ownership Information report (BOI) by the extended deadline of January 1, 2025 (equivalent to December 31, 2024). Here...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 6, 2022 | Tax Credits, Tax Planning
As you are probably aware, there is still time to apply for the Employee Retention Credit. And right now is a perfect moment to do this. You can qualify for 2020 credits of up to $5,000 per employee and 2021 credits of up to $7,000 per employee for each of the first...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 5, 2022 | Tax Planning, Tax Credits, Tax Strategy
As a professional service firm owner, it is essential to be proactive about tax planning, and reducing your tax bill is crucial to your success. If you are ready to reduce your most significant business expense and end your partnership with the IRS, then join us for...