by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Sep 9, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Planning
How to Avoid Late Filing and Late Payment Penalties on your Tax Returns? Remember to file even if you can’t pay. You are filing on time and paying as much as possible to keep your interest and late payment penalties at a minimum. If you can’t pay in full,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 31, 2022 | Tax Planning, Palma Financial Services, Pro Tips, Tax Strategy
If $10k student loans are being canceled, what about canceling TAXES? In our tax and accounting firm, we may not “cancel” YOUR income taxes, but we can indeed “REDUCE” them. Listen up: You can reduce your tax bill THIS YEAR. All it takes is a...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 26, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Planning, Tax Strategy
You can buy Series I bonds that pay 9.62% interest through October 2022. You receive that rate for 6 months from the time of purchase. PROs: Safety – A government bond does not have default risk, so there is no worry about getting the principal and interest the bond...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 26, 2022 | Business Planning, Financial Services, Palma Financial Services, Pro Tips, Tax Planning, Tax Strategy
Don’t Punch Your Accountant After You Read This! Kevin was furious at his accountant (Brandon). He clenched his fist and threw a haymaker. Brandon ducked, Kevin jabbed with his left hand, and Brandon’s secretary raced out of the room, seeing a UFC-style...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 21, 2022 | Business Planning, Accounting Services, Bookkeeping, Financial Services, Palma Financial Services
If you’re an entrepreneur in the fitness industry, it’s essential to understand the importance of bookkeeping and accounting to keep your business disciplined and diligent. Personal trainers and gym owners encourage their clients to set an intention, make...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 20, 2022 | Business Planning, Financial Services, Palma Financial Services, Pro Tips, Tax Strategy
Maintaining a healthy cash flow is essential for the success of any small business. Here are seven simple strategies to help you optimize your cash flow and keep your business running smoothly: 1- Understand your break-even point. The break-even point is the minimum...