Blog
Meet Our Team!
Miguel Palma CEO, CPA, PFS, CGMA, & Tax Advisor Miguel's accounting journey began at 18, and he quickly climbed the ranks at firms like Deloitte, PwC, and Levi Strauss & Co. His goal? To help folks like you save income taxes and build wealth. Get to know him:...
Single-Member LLCs: A Closer Look at Liability and Taxes
Choosing the right business structure is pivotal in shaping your company's future. Your aspirations, size, functions, liability concerns, and tax goals are essential factors that guide this vital decision. Whether considering a sole proprietorship, partnership,...
Dream Big, Retire Bigger With The SECURE 2.0
The landscape of retirement planning in the U.S. is constantly evolving. Retirement provisions have been significantly transformed by introducing the SECURE Act in 2019 and the subsequent updates in SECURE 2.0. Let's delve into the key changes in SECURE 2.0. Better...
URGENT UPDATE! IRS Intensifies ERC Enforcement – Review Your Claims!
We are writing to inform you about a crucial matter related to the Employee Retention Tax Credit (ERC). Please read this email carefully and take immediate action. 📢 Red Flags of Aggressive ERC Marketing To protect your business and avoid unnecessary risks, watch out...
🏆 Tax-Friendly Employee Recognition: Boost Morale & Slash Taxes!
Do you appreciate employees that stuck by your side through thick and thin? It's time to celebrate their dedication while maximizing your tax benefits! Imagine the joy on your employees' faces as they receive a heartfelt gift or award for their loyalty. But did you...
5 Benefits of Using Life Insurance for Your Child’s College Planning
As successful entrepreneurs and devoted parents and grandparents, ensuring a bright future for your loved ones is a top priority. That's why we're excited to share: Top 5 Benefits of Using Life Insurance for College Planning Dual Purpose Coverage: Protecting Your...
More Than Tuition: Your 529 Surprises!
Did you think your 529 account only covered tuition? Think again! Your student's needs are tax-free, from tuition and mandatory fees to books, computers, and even required equipment! Yep, that's right, no federal or state taxes on those qualified expenses. Even Adobe...
Addressing Reader Queries:👱🏻♀️Can Barbie Seriously Write Off Her Outfits?
We got a question from an email we sent a few days ago: 🤔 Were the outfits in the Barbie movie bought using money that had taxes taken out before or after? When it comes to taxes, there are rules for deducting clothing expenses. Here are the main points: 👚 Uniforms...
The Billion-Dollar Strategy: How FedEx and Nike Stayed Tax-Free
At least 55 of America's largest corporate giants played the tax game so well that they didn't contribute a single dollar in taxes on their massive profits from the previous year. But here's the million-dollar question: How do big Fortune 500 companies make their tax...
Simplify Paying Your Kids: Sole Proprietorship vs. S Corporation Insights
Balancing family and business is no small feat, especially when considering how best to integrate our young ones into the business landscape. When you have both a Sole Proprietorship and an S Corporation, maximizing benefits while ensuring compliance is crucial. Key...