by Jackie Strack | Jun 24, 2022 | Financial Services, Business Planning, Pro Tips, Tax Planning
Here’s an update on the 2022 business meal deduction: Business owners can deduct 100% of business-related meal expenses when purchased from a restaurant. The term “restaurant” is a business that sells food for immediate consumption, even if the food is not...
by Jackie Strack | Jun 7, 2022 | Business Planning, Palma Financial Services, Pro Tips, Tax Planning
Your gift to charity… Would you like your charitable gifts to go further and have a more significant impact? I know you don’t give just for the tax benefits alone, but have you considered that you could benefit from better structuring and planning your charitable...
by Jackie Strack | Jun 4, 2022 | Business Planning, Pro Tips, Tax Planning, Tax Reform
Dropping the curtain on entertainment deductions: The meals and entertainment deduction has been tweaked so often that it’s difficult for business owners to know which deductible and disallowed expenses. Here are some meal expense categories you should be...
by Jackie Strack | Jun 3, 2022 | Business Planning, Financial Services, Pro Tips, Tax Planning
Did you know there is a tax called the NIIT, which is an additional tax on your investment earnings? To project what the NIIT will be for you this year, I need to collect some information, like your investment income, investment expenses, and something called MAGI —...
by palmafinancialinc@gmail.com | May 15, 2022 | Business Planning, Palma Financial Services, Pro Tips, Tax Planning
Tax Deductions 🙂 The meals and entertainment deduction has been tweaked so often that it’s difficult for business owners to know which deductible and disallowed expenses. Here are some meal expense categories you might be keeping track of: Office snacks — if you...
by palmafinancialinc@gmail.com | May 10, 2022 | Business Planning, Financial Audit, Financial Services, Palma Financial Services, Pro Tips, Tax Planning
There are more cases where the Limited Liability Company (LLC) is “pierced” in a lawsuit, and a plaintiff grabs the owner’s assets. The reason why…owners are not doing their annual maintenance such as annual meeting LLC. Now it doesn’t have to be expensive; it can be...
