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Since Money Doesn’t Grow On Trees, We TAX PLAN

How Small Business Owners Can Save Thousands In Taxes Even If They Have A CPA! Find “tax planning services near me“.   If we sit down in just a few minutes, you might discover you’ve been overpaying in taxes.Is it worth a few minutes of your time for your free tax assessment?We’ll walk through… Your current business operations Tax strategies you have …

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Tax Hikes: Beyond the Noise

2021 Tax Legislation Translated by a Tax Professional Near Me Steps to Take Before the Tax Hikes Become Law – Live Webinar Coming Soon As we enter the final months of Q4, the discussions of the 2021/2022 tax hikes legislation are top of mind, and everyone is wondering when are the tax hikes coming?Significant changes to the new infrastructure and …

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Your Small Business Could Be Eligible for 2 Million Dollars

Good news! You are eligible to get additional funds from the SBA. Talk to a CPA near me to learn the details – or read our handy summary here. As you know, the SBA has quadrupled the COVID-19 EIDL limit to $2 million.Please keep in mind that the program could end any day when it runs out of money. Again, here …

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Client Win: 1 Mil SBA EIDL Loan

Tax Planning near me allowed for a big win this week: Approval of an SBA EIDL Loan of $1,444,100 for Our Client!  EIDL Increased Loan Limits Our Clients Are Getting Approved for the EIDL Increased Loan Limits of $2,000,000.00!The SBA EIDL Program is ending SOON!The SBA will continue to accept EIDL loan applications through December 2021, pending the availability of funds.It’s a great …

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Big Win for Our Client: Igor Ortega, $1,771,200.00 SBA Loan

Palma Financial’s tax services near me help our clients like Igor Ortega save. Let’s secure your SBA loan before the program ends in December.  EIDL Loan Another one of our clients was approved today for an EIDL loan. Think about how you would feel if you got the same loan as Mr. Lincoln. You would probably be as excited as …

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IRS Fixes Glitch: Now They Owe You Money

CFO Updates: The IRS fixed an error, and you get some cash for it… We are helping our clients make the adjustment on their income taxes and get some quick cash. Qualified Improvement Property (QIP) In the CARES Act, Congress finally fixed the qualified improvement property (QIP) error when enacting the TCJA. Qualified improvement property is an improvement made by …

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Is Your CPA Saving or Losing You Money

Are you working with a forward-looking accountant? Taxes are your most significant business expense! The more you make, the more you pay… unless you’ve partnered with the right CPA. Is your accountant a Tax Preparer or a Bay Area Tax Planner? A tax preparer tells you how much you “OWE.” A tax planner tells you how much you can “SAVE.” …

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IRS Error That Could Mean Money In Your Pocket

Recently, Susy finally put a down payment on a building for her business with the tax savings. She used our tax-saving strategies to save money for several years.  Don’t Assume You Are Taking Too Many Deductions If your business deductions exceed your business income, you have a tax loss for the year. Tax law calls this a “net operating loss” …

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Are You Taking Advantage of Your S-Corporation

Are you legally optimizing your business entity? We will determine if operating as an S corporation saves you money on your taxes during our tax assessment. We will use what we learn to save thousands, including: Decide if you should operate your business as an S corporation, sole proprietorship, LLC, or C corporation now that you have (a) the tax reforms …

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Tax Saving Tips for Small Businesses

How would you like to keep more of your money? A small business CPA weighs in on how to reduce your taxable income in 2021.  Stop Billing Customers, Clients, and Patients Here is one rock-solid, straightforward strategy to reduce your taxable income for this year: stop billing your customers, clients, and patients until after December 31, 2021. (We assume here …