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Monday 8:30am - 5:30pm Tuesday 8:30am - 5:30pm Wednesday 8:30am - 5:30pm Thursday 8:30am - 5:30pm Friday 8:30am - 5:30pm

Robert Palmer and Associates, LLC

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Fort Mill, SC
Robert Palmer and Associates, LLC

Providing analysis & insight into your numbers, we guide you to make sound, healthy financial decisions & help you mitigating your tax burden.

Robert Palmer & Associates is a full service accounting firm for small business clients. They offer small business consultation, bookkeeping, tax and payroll services. RPA works closely with financial planning providers, attorneys who specialize in small business management, and insurance providers. They are a "one-stop shop" for the small business entrepreneur with experience in business plan dev

elopment, cost accounting, GAAP, not-for-profit accounting, personal and business tax preparation, budgeting, cash flow management and commonly used financial systems. Robert Palmer and Associates is set apart not only by their CPA certification (NC, SC) and vast expertise, but also by the personal attention they give their clients. For more information, visit http://www.robertpalmerandassociates.com

09/02/2026

🌼 Hello, September!

A new month brings a fresh opportunity to refocus, get organized and prepare for what’s ahead.

As summer winds down and we head toward the final stretch of the year, now is a great time for business owners to review the numbers, revisit goals and make sure their financial plans are on track.

A little preparation today can make year-end a whole lot easier. 🍂

Here’s to a productive September and a strong finish to the year!

08/31/2026

🚀 Thinking about starting your own business?

A great idea is just the beginning. Before you officially launch, there are a few important financial and operational boxes to check.

Save this startup checklist for when you’re ready to get started:

✅ Choose the right business structure
✅ Register your business and obtain necessary licenses
✅ Apply for an EIN
✅ Open a separate business bank account
✅ Set up your accounting and bookkeeping
✅ Create a realistic startup budget
✅ Understand your tax responsibilities
✅ Plan for cash flow and ongoing expenses
✅ Determine how you’ll pay yourself
✅ Put the right financial systems in place from day one

Taking the time to build a strong foundation now can help you avoid costly surprises and make smarter decisions as your business grows.

Ready to turn your business idea into a plan? Connect with our team to make sure you’re starting on solid financial footing.

08/27/2026

💰 One of the best financial advantages teens have? Time.

Helping kids develop smart money habits early can build a foundation that benefits them for years to come. And those lessons don't have to start with complicated financial concepts.

A few ways parents can help make money lessons stick:

💬 Make it relatable. Start with things they're already interested in and use real-world examples to talk about saving, spending and investing.

⏳ Show them the power of time. Even small amounts saved consistently can grow significantly over the years. Helping teens understand compound growth early can make a lasting impression.

📉 Let mistakes become lessons. Not every financial decision will be the right one. Instead of focusing on the mistake, talk about what happened and what they might do differently next time.

🤝 Share your own experiences. Talk openly about financial decisions you've made, including both the good ones and the ones you wish you'd handled differently.

Financial literacy is a lifelong skill, and the earlier those conversations begin, the better prepared young adults can be to make informed decisions about their future.

Have questions about how saving, investing, taxes and long-term financial planning fit into your family's bigger financial picture? Contact our team. We're here to help you plan with confidence.

08/20/2026

📊 Your numbers should help you run your business, not just tell you what happened last month. Having accurate financial information is important. Knowing what to do with it is even more valuable.

Our accounting and advisory services can help you turn financial data into meaningful insight to:

✔️ Improve cash flow and profitability
✔️ Plan proactively for taxes
✔️ Make more informed business decisions
✔️ Build a financial strategy for growth

Your financials can tell you where your business has been. The right insight can help you decide where to go next. Ready for greater financial clarity?

📲 Talk with our team about how we can help put your numbers to work for your business.

08/17/2026

📢 IRS Update: New Overtime Tax Deduction

The IRS has released updated guidance on the new federal deduction for qualified overtime compensation.

Here are a few key things to know:

💰 Eligible taxpayers may deduct up to $12,500 in qualified overtime compensation, or $25,000 for married couples filing jointly.

📊 The deduction begins to phase out for taxpayers with modified adjusted gross income above $150,000, or $300,000 for joint filers.

✅ The deduction is available whether you itemize deductions or take the standard deduction.

⚠️ Not all overtime qualifies. Generally, the deduction applies to overtime compensation required under the Fair Labor Standards Act (FLSA).

The IRS has also provided updated guidance for employees and employers on eligibility, reporting, withholding and other requirements.

As with any new tax provision, the details matter.

📲Contact our firm if you have questions about the new overtime deduction or would like guidance on how it may apply to your individual or business tax situation.

08/13/2026

💻 The IRS is making it easier for businesses to access important federal tax information online.

The IRS continues to expand its Business Tax Account, giving eligible business owners and organizations secure, convenient access to more of their federal tax information.

Depending on eligibility and business type, users may be able to:

✅ View balances and recent payments
✅ Make or schedule federal tax payments
✅ Access certain tax transcripts and IRS notices
✅ Verify business information on file with the IRS
✅ Download EIN verification documentation
✅ Review existing payment plan information

While these online tools can make it easier to access information and handle routine tax matters, they don't replace the value of proactive tax planning and professional guidance.

Your CPA can help you understand your tax obligations, respond appropriately to IRS notices, identify planning opportunities and make informed decisions throughout the year.

📌 Have questions about your business taxes, an IRS notice or planning for what's ahead? Our team is here to provide guidance.

08/11/2026

🚨 Think before you click. Phishing scams are getting harder to spot.

The IRS and Security Summit partners are warning taxpayers and tax professionals about increasingly sophisticated phishing schemes designed to steal passwords, financial information, Social Security numbers and other sensitive data.

⚠️ Five scams to watch for:

🎣 Phishing & smishing — Fraudulent emails or texts designed to get you to click a link, download a file or share personal information.

🎯 Spear phishing — Highly targeted messages created to look legitimate and specifically tailored to you or your business.

📧 Clone phishing — Copies of legitimate emails with links or attachments replaced by malicious ones.

🐋 Whaling — Scams targeting executives, business leaders, payroll teams and others with access to valuable information.

👤 Fake new-client inquiries — Scammers pose as prospective clients and send malicious links or attachments to tax professionals.

One of the best defenses? Slow down. Be cautious of unexpected messages, urgent requests, unfamiliar attachments and email addresses or website domains that are just slightly different from the real thing.

🔐 Protect your accounts with strong security practices, including multi-factor authentication, updated antivirus software, regular backups and data encryption.

When something doesn’t look right, don’t click.

08/06/2026

👨‍👩‍👧‍👦 Thinking about hiring a family member to work in your business? It could come with more than just an extra set of hands.

Whether it's your spouse helping manage the books or your children pitching in after school, hiring family members may offer valuable tax advantages—if it's structured correctly.

Here are a few things to keep in mind:

✅ Children working in a family business may qualify for certain payroll tax advantages, depending on your business structure.

✅ Spouses working together have unique tax and reporting options that may simplify filing and maximize benefits.

✅ Family members must perform legitimate work, receive reasonable compensation, and be paid through the proper payroll process.

Every family business is different, and the rules vary based on your entity type and who you're hiring. A little planning now can help you stay compliant while taking advantage of available tax-saving opportunities.

📞 Considering hiring a family member? Contact our team to discuss the best approach for your business.

08/04/2026

💰 Don't overlook the power of a Traditional IRA.

Even if you don't qualify for a tax deduction, a nondeductible Traditional IRA can still be a smart way to grow your retirement savings.

Here's why:

✅ Contribute up to $7,500 for the 2026 tax year.
✅ Age 50 or older? You may be able to contribute up to $8,600 with catch-up contributions.
✅ Your investments grow tax-deferred, helping your savings compound faster over time.
✅ You have until April 15, 2027, to make your 2026 contribution.

📈 The difference can be significant. Over the long term, tax-deferred growth has the potential to add thousands of dollars to your retirement savings compared to investing in a taxable account.

Not sure whether a Traditional IRA, Roth IRA, or your employer-sponsored retirement plan is the best fit? Every situation is different, and a little planning today can make a big difference tomorrow. 💼📊💰

📱Contact our team to discuss your retirement savings strategy and make the most of every opportunity.

08/01/2026

📊 Running your business is a full-time job. Managing the books doesn't have to be.

Between serving customers, managing your team, and planning for growth, it's easy for the financial side of your business to become overwhelming.

That's where outsourced accounting can make all the difference.

Partnering with an experienced accounting firm gives you access to the financial insight and strategic guidance you need—without the expense of building an in-house accounting department.

Our outsourced accounting solutions can help you:
📈 Improve cash flow
📚 Maintain accurate bookkeeping and financial reporting
💰 Develop proactive tax strategies
💼 Access CFO-level guidance and business advisory services
🤝 Gain year-round financial support

Spend less time managing your books and more time doing what you do best—growing your business.

📱Contact our team today to learn how outsourced accounting can help your business thrive.

Address

1201 Carolina Place Drive Ste 103
Fort Mill, SC
29708

Opening Hours

Monday	8:30am - 5:30pm
Tuesday	8:30am - 5:30pm
Wednesday	8:30am - 5:30pm
Thursday	8:30am - 5:30pm
Friday	8:30am - 5:30pm

Telephone

(803) 547-7066

Website

http://www.robertpalmerandassociates.com/

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