by Jackie Strack | May 25, 2022 | Palma Financial Services, Pro Tips, Real Estate, Rental Property, Tax Planning
Are you a business owner? In the past year, have you purchased an asset to help maintain or grow operations? Nearly all businesses invest in assets that are used in operating the business. The cost of long-lived assets is spread over the asset’s useful life and...
by palmafinancialinc@gmail.com | May 21, 2022 | Financial Audit, Palma Financial Services, Pro Tips, Real Estate, Tax Planning
There are many reasons why you may want to establish residency in another state, besides the obvious (you just moved). Maybe you have a child going to an expensive college soon, and you want to establish residency for in-state tuition. Maybe you’re currently living in...
by palmafinancialinc@gmail.com | May 13, 2022 | Financial Services, Pro Tips, Real Estate, Rental Property, Tax Planning
We all know you can have tax-code-defined vacation homes in the city, the suburbs, and recreation areas. Your tax life can get more complicated when you have both rental and personal use of the home; because you have entered the tax code’s vacation home section. In...
by palmafinancialinc@gmail.com | May 9, 2022 | Palma Financial Services, Pro Tips, Real Estate, Tax Planning
Our home is our most valuable asset for most of us, but it can also be one of our most vulnerable assets. Keep in mind that not only is every individual in a different situation with their assets, family, and types of risks they’re facing, but EVERY STATE is...
by palmafinancialinc@gmail.com | May 4, 2022 | EIDL Loan, Featured, Financial Services, Palma Financial Services, Pro Tips, Real Estate, Tax Planning
Major Client Win: $1.9 EIDL Loan Approved after the SBA denied his application 9 times. Another one of our clients found financial relief through SBA’s EIDL program. Our client had his SBA EIDL loan approved today for $1.9 Million after being turned down nine...
by palmafinancialinc@gmail.com | Apr 24, 2022 | Financial Services, Palma Financial Services, Pro Tips, Real Estate, Tax Planning
If you thought it was hard to move from one state to another for tax purposes, wait until you see what’s involved with moving outside the US. The foreign earned income exclusion is a significant tax loophole for those living outside the US. First, know your tax...
