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 | May 31, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform
Have you received a letter from the IRS about back taxes due that surprised you? Were you aware of an income windfall, but your spouse didn’t tell you the correct amount? If the answer to any of the above questions is yes, you may be able to get relief from the...
by palmafinancialinc@gmail.com | May 17, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform
Tax Advisory vs. Tax Preparation Worried about tax overpayment? Every year we help our clients perform proactive tax planning on each of these categories: Deductions Legal Entity Design Retirement Tax Cuts & Jobs Act (TCJA), FFCRA, and CARES Tax Acts Insurance...
by palmafinancialinc@gmail.com | May 1, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform
Real Estate Professional or Investor: Can you get a refund for the taxes you paid in 2019, 2020, and 2021? The Tax Deadline is Running Out on the PY Tax Refunds With the recent Notice 2019-7, it is now easier than ever to take advantage of your 199A deduction! The IRS...
by palmafinancialinc@gmail.com | Apr 30, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform
You qualify for this net income tax deduction if you own a small business or a real estate investment. The IRS owes you money. Net Income Tax Deduction The 199A Pass-Through: This is a 20% deduction off the bottom line profit of your business but also comes with a lot...
by palmafinancialinc@gmail.com | Apr 29, 2022 | Pro Tips, Tax Planning, Tax Reform
Real Estate Professional or Investor: Get a refund for the taxes you paid in 2019, 2020, and 2021? Tax preparation services can help you get the refund you deserve. The Tax Deadline is Running Out on the PY Tax Refunds With the recent Notice 2019-7, it is now easier...
