by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 5, 2023 | S Corporation, Tax Strategy
Are you considering holding your real estate in an S-Corporation? Think twice! 🤔 While there are some tax benefits to holding real estate in an S-Corporation, significant drawbacks could hurt your bottom line. Here are five reasons why you should avoid holding real...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Sep 8, 2022 | Business Planning, Pro Tips, S Corporation, Tax Planning, Tax Strategy
Failure-to-File Penalties for S Corps and Partnerships Are Costly Generally, tax penalties are assessed based on the amount of tax owed. However, S corporations and partnerships can be assessed “failure-to-file” penalties even if the entity has no taxable...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 29, 2013 | Featured
Are you a small business owner? If so, then allow me to give you a big high five for propping up the American economy at a time of uncertainty and lots of negativity. Studies consistently show that small businesses that is, businesses loosely defined as independently...
