by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 2, 2022 | Consulting Services, Financial Services, Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Our Bay Area tax preparers have some good news for you, but first, a little background: Tax Deductions for Businesses Since 2017, tax deductions for out-of-pocket business expenses have not been allowed. This has been a bummer for employees who incur unreimbursed...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 1, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
The IRS is getting an increased budget, which will lead to more enforcement and tax collection. Local Tax experts near me want you to know how to save the most money on your taxes. This could mean higher chances of well-meaning people like yourself being possibly...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 1, 2022 | Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Tax-saving secrets are not always easy to find. There are many sources on the internet that claim to offer them, but it is hard to know which ones are legitimate. Tax-saving secrets can be found in many different places, but some of the most common sources for these...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 31, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
A refundable tax credit is a tax credit that directly reduces the taxes owed by the taxpayer. There are three types of refundable tax credits: – The Earned Income Tax Credit is a federal income tax credit for low-income working individuals and families. –...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 27, 2022 | Tax Planning, College Planning, Pro Tips, Tax Reform, Tax Resolution
Tax planning strategies are an important aspect of any company’s financial strategy. It is important to be aware of all the different tax implications in order to ensure that the company is maximizing its tax benefits. There are many different types of tax...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 26, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
Estimated tax payments are not just about reflecting on the past. I’m sure you’re aware that accurate estimates can help you avoid a large tax bill at the end of the year. That’s why working with a tax professional is always a good idea. But here’s something...