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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 11, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Investing in precious metal assets can be a great way to diversify your assets and get an economic return on investment. There are, however, some tax implications that you should consider before investing – like whether or not it’s allowed for I.R.A....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 6, 2022 | Business Planning, Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Many employers find it hard to hire and keep employees during the COVID-19 pandemic and the resulting “great resignation.” Employers who offer tax-free fringe benefits can keep good employees. The benefits are deductible for the employer but tax-free for...
