by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 4, 2024 | Tax Deductions, Tax Assessment, Tax Resolution, Tax Strategy
Did your tax return surprise you this year, DEV? Maybe it was smaller than expected, or worse, you ended up owing money to the IRS. You’re definitely not alone! For the past few years, there has been a decline in the number of people receiving tax refunds. While...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 1, 2024 | Tax Advisory, Accounting Services, Tax Reform, Tax Resolution
Just talking with someone about how crazy things are in the financial world right now. Everything feels uncertain, you know? That’s why listening to experts, particularly those with a proven track record, is crucial. Leon Cooperman, for example, boasts decades...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 9, 2023 | Tax Resolution, Tax Strategy
Are you tired of overpaying the IRS and losing the money you could use to grow your business? Do you want to find a solution to this common problem? Let me tell you a story about two competitors, Donald and Joe, who found themselves in a similar situation two years...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 25, 2022 | Tax Credits, Tax Resolution
Great news from the IRS!!! The R&D tax credit has been doubled from $250,000 to $500,000! This tax credit can provide businesses with a reliable opportunity to reduce their income tax liabilities. If you need additional cash to hire employees, expand your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 23, 2022 | Employee Retention, Tax Planning, Tax Resolution
I’ve heard numerous accounts of “tax specialists” and promoters claiming to be able to help with the Employee Retention Credit (ERC), some even saying they’ve gotten “special IRS training” for it. Naturally, they demand a high price...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 14, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
IRA for Kids: No age restrictions. That’s why your kid needs a Roth IRA. Having your kids contribute to their own IRA is a great idea, and it should be a tradition. Here’s what you need to know about IRAs for kids. Roth IRA Contribution Basics The only...