by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 11, 2023 | Business Planning, Tax Planning
How can a business manage its finances while experiencing rapid growth? π π¨βπΌπ©βπΌ Seek guidance from an expert who specializes in maximizing tax savings. Our services support small business owners in finding strategies to save as much as possible each year while...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 22, 2023 | Business Planning, Accounting Services
In today’s fast-paced world, seeking quick answers to complex financial questions is important. πΈ However, relying on advice from a CPA who is not formally engaged can be risky. At Palma Financial Services, we want to ensure you receive the most accurate and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 13, 2023 | Business Planning, Tax Assessment
Treasury Management: Protecting Your Business in Times of Banking System Failures.π’ In light of the recent failure of Signature Bank and Silicon Valley Bank, it’s important to take steps to minimize the impact of a bank run on your finances.β
Β Here are 5οΈβ£...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 10, 2023 | Business Planning, Tax Deductions
π°π° $95,000+ ERROR π°π° How much of your estimated tax was paid on January 15th? Whatever it was, it was probably too high. Small business people believe their accountant is helping them save money on taxes, which is one of the major issues in this nation, and they...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 14, 2023 | Business Planning, Tax Strategy
Horse breeding is a lucrative industry that offers a range of tax benefits to help maximize your investment. Whether turning your hobby into a business or expanding your existing operation, it’s important to know about the tax benefits available to horse...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 11, 2023 | Business Planning, Tax Planning
Have you ever wondered why some business owners seem to pay fewer taxes and enjoy better benefits than others? The answer is simple:Β entity maximization. This tax strategy involves restructuring your business into a more tax-efficient entity that allows you to...