by Jackie Strack | Jun 25, 2022 | Financial Services, Pro Tips, Tax Planning
More people are working from home, either as employees or independent contractors (IC). There are apparent differences in the tax planning for employees and ICs, but there is one big question in the case of location-independent work like this. Where is Your Tax...
by Jackie Strack | Jun 24, 2022 | Financial Services, Business Planning, Pro Tips, Tax Planning
Here’s an update on the 2022 business meal deduction: Business owners can deduct 100% of business-related meal expenses when purchased from a restaurant. The term “restaurant” is a business that sells food for immediate consumption, even if the food is not...
by Jackie Strack | Jun 24, 2022 | Financial Services, Financial Audit, Palma Financial Services, Pro Tips, Tax Planning
Has the IRS contacted you? If so, it’s usually for one of these reasons: They want to correct a math error on your return They need to tell you about a duplicate or missing payment They have to request missing information However, some notices indicate a more severe...
by Jackie Strack | Jun 12, 2022 | Financial Services, Pro Tips, Tax Planning
Are you looking to save money on your taxes? Many tax planning strategies can save you money, but what are some of the most BASIC ones? Usually, basic strategies are used because they are easy. You are likely already aware that they can save you money on taxes (e.g.,...
by Jackie Strack | Jun 11, 2022 | Pro Tips, Financial Services, Palma Financial Services, Tax Planning, Videos, Webinar
Why should you meet with your CPA regularly to go over your tax position? Can Tax Planning Cut Your 2021 and 2022 Taxes? You still have time to cut your 2021 taxes. Keep the IRS out of your pocket. What are you waiting for? This year’s second quarter is the...
by Jackie Strack | Jun 10, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Planning
I want to do more for you than prepare your taxes this year. Tax planning goes beyond just tax prep — it optimizes your life and business so you can pay less in taxes. As you begin to tax plan, you need first to grasp two basic terms. Tax deductions: This is what you...
