by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 7, 2024 | Rental Property, Financial Services, Tax Deductions
Thinking of selling your office building, store, or warehouse? Did you make interior improvements? This newsletter explains how those improvements might impact your future taxes. Key points: Today’s deduction can become tomorrow’s higher tax bill: Certain... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 13, 2024 | Business Planning, Consulting Services, Rental Property, Small Businesses
Running a business isn’t easy. Every penny counts, including choosing the right tools – like your next business vehicle. 🚗💼 Is buying or leasing the smarter move? The answer’s surprising: it’s not just about the monthly payment. In 2024, the biggest... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Sep 7, 2023 | Rental Property, Tax Strategy
Meet Marlene, a seasoned property investor who recently found herself in a tough spot in the ever-changing New York market, where she struggled to find a suitable property to complete her 1031 exchange. Marlene faced two unattractive choices: swallow a substantial... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 1, 2023 | Rental Property, Tax Strategy
As a business owner leasing an apartment, you may have specific tax considerations that differ from traditional homeownership scenarios. Question 1: Could the Augusta Rule Apply to Business Owners Leasing Apartments? Answer: The Augusta Rule Explained: The Augusta... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 27, 2023 | Rental Property, Tax Strategy
Want to reduce your tax bills significantly? Then, read on to discover the top five tax strategies you need to know. Dear valued readers, As a long-term rental investor, reducing your tax bills is a top priority. With the right strategies, you can maximize your tax... by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 30, 2023 | Rental Property, Tax Deductions
Are you tired of overpaying income taxes and missing out on potential savings and wealth-building opportunities? We have exciting news for you! Our team at Palma Financial recently helped a referral from Glenn, a successful real estate investor, explore the Zero-Tax...