by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 5, 2022 | Accounting Services, Bookkeeping, Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
You probably like your vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps significant deductions, immediately. And the Tax Cuts and Jobs Act (TCJA) gives you the tax reform road map on how to do this. Of course, to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 4, 2022 | Accounting Services, Bookkeeping, Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Secret cash payment to your nanny could backfire. The tax law can jump up and bite you in unexpected places. One example of that is the nanny tax so you need tax planning services if you have household employees. What is the Nanny Tax? Do you have a household...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 3, 2022 | Accounting Services, Bookkeeping, Financial Audit, Financial Services, Palma Financial Services, Tax Planning
When you know the tax rules related to business mileage, you: Protect yourself in the event of an I.R.S. audit, and Pay less in taxes These Business Mileage Tax Tricks Help You Save Take Brandon, for example. Before he knew the mileage rules, he deducted 30 percent of...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 17, 2021 | Accounting Services, Bookkeeping, Tax Planning, Tax Reform, Tax Resolution
Looking to find tax preparation services? Our clients are deep into the process of planning out their asset and investment purchases for 2021/2022. Tax preparation services are typically categorized into three broad categories: basic, intermediate, and professional....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 15, 2021 | Accounting Services, Bookkeeping, Tax Planning, Tax Reform, Tax Resolution
Bookkeeping Tip: Do you need a last-minute income tax deduction for 2021?There is still time to create and implement the tax busting reduction strategy, “Play it Forward Tax Plan,” for 2021.Cash funding is deductible at 50% of your Adjusted Gross Income...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 14, 2021 | Accounting Services, Bookkeeping, Pro Tips, Tax Planning, Tax Reform
Are you a business owner? Have you purchased an asset to help maintain or grow operations in the past year? If not, contact a Bay Area tax professional near me – we offer free tax assessments! Nearly all businesses invest in assets that are used in operating the...
