by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 18, 2022 | Tax Strategy, Pro Tips, Tax Bill, Tax Planning
The Inflation Reduction Act will provide $750 billion to tackle climate change, health care, and energy. What are your thoughts on the Inflation Reduction act? Answers: The act is excellent because it offers new tax planning opportunities. The act is terrible because...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 17, 2022 | Newsletters, Business Planning, Press Releases, Pro Tips, Tax Bill, Tax Planning, Tax Strategy
President Biden Signed The Inflation Reduction Act (IRA). Now, it is the law! The bill’s passage was many months in the making and at times appeared unlikely with a 50-50 Senate and midterm elections fast approaching. It accomplishes long-held Democratic goals...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 15, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Bill, Tax Planning
You get a mulligan with the ERC: Claim Your 2020 and 2021 ERC Now (Yes, in 2022) If you did not qualify under the 50 percent or 20 percent decline in gross receipts, your only alternative is the government order. Suppose you did not qualify for the ERC because your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 13, 2022 | Tax Bill, Financial Services, Palma Financial Services, Pro Tips, Tax Planning
The Inflation Reduction Act of 2022 now goes to President Biden for his signature. Mr. Biden said on Twitter that he would sign the bill into law next week and that he would hold a celebratory event at the White House on Sept. 6. Get ahead of the curve on the...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 10, 2022 | Business Planning, Financial Services, Palma Financial Services, Tax Bill, Tax Planning
The Senate passed The Inflation Reduction Act of 2022 on Sunday night. Democrats made some adjustments and recommendations to get the legislation over the line. The house is expected to pass this law soon – likely by the end of the week! The Inflation Reduction...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 1, 2022 | Palma Financial Services, Pro Tips, Tax Bill, Tax Planning
That’s right; there’s a new bill that’s been proposed. The Inflation Reduction Act of 2022 aims to target deficit reduction to fight soaring inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions. Here are a few of the items...