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Tax Strategy #7 – Maximizing Tax Savings with PTETs
In this email, we introduce Tax Strategy #7: Purpose of PTETs (Pass-Through Entity-Level Taxes). PTETs are your secret weapon against reduced state and local tax deductions. They are state or other jurisdictions' mandatory or elective entity-level income taxes on...
Tax-Saving Series: Part 6 – S-Corp, Reasonable Comp, and Augusta Rule
Welcome to Part 6 of our Tax-Saving Series, where we dive deeper into strategies that will help you reduce your 2023 tax burden. In this installment, we explore the effectiveness of S-Corp Election, Reasonable Compensation, and the Augusta Rule. Unlocking Tax Savings...
Tax-Saving Series: Part 5 – Retirement Planning Strategies
Welcome to Part 5 of our Tax-Saving Series, where we continue our journey to help you minimize your 2023 tax burden. In this installment, we focus on Retirement Planning strategies designed to secure your financial future. Building a Strong Financial Foundation...
Tax-Saving Series: Part 4 – Augusta, FOMC, and Medical Expense Strategies
Welcome to Part 4 of our Tax-Saving Series, where we delve into the next powerful strategies to help you minimize your 2023 tax burden. In this installment, we focus on Augusta, a Family-Owned Management Company (FOMC), and Medical Expense strategies. Unlocking Tax...
Tax-Saving Series: Part 3 – S-Corp Election, Reasonable Comp, and Retirement Strategies
Welcome to Part 3 of our Tax-Saving Series, where we continue our journey to help you reduce your 2023 taxes. This installment explores three powerful strategies: S-Corp Election, Reasonable Compensation, and Retirement Planning. Unlocking Tax Savings with S-Corp...
Tax-Saving Series: Part 2 – Unlock Hidden Tax Savings Through Real Estate
Time is running out, and you have only two months left to tap into valuable tax-saving opportunities for 2023. Welcome to Part 2 of our Tax-Saving Series, where we delve into the powerful tax benefits of being a "Real Estate Professional." The best part? You don't...
Tax-Saving Series: Part 1 – Real Estate Strategies to Cut Your 2023 Taxes
With only two months remaining in 2023, we are excited to kick off Part 1 of our Tax-Saving Series, which is dedicated to helping you cut your taxes effectively. This installment focuses on Real Estate Strategies, a powerful tool for reducing your 2023 tax bill. What...
Meet Our Founder: Miguel Palma
Miguel Palma CEO, CPA, PFS, CGMA, Tax Advisor & Founder of Palma Financial Services 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...
Potential Government Shutdown: What Taxpayers Should Know
As you may be aware, there is a possibility of a government funding lapse towards the end of September. Discussions on how to fund essential government operations are ongoing without a clear consensus. A government funding lapse could have notable consequences for...
Alaska: The Last Frontier of Tax Freedom
Welcome to the concluding email of our Tax-Free State Strategy Series. Today, we venture to Alaska's wild and pristine landscapes, the Last Frontier, where tax freedom and natural beauty collide. No State Income Tax: Alaska proudly stands as one of the states with no...