by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 17, 2023 | Tax Assessment, Tax Planning
We are excited to inform you that you have been pre-approved for a FREE tax assessment. (limited spots available until August 31 of 2023). Think about this… The US tax code is over 70,000 pages long… That’s longer than the bible… Researching and applying...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 16, 2023 | Tax Planning, Tax Strategy
Top 5 Reasons for Conducting a Mid-Year Review Now: Optimize Tax Planning: By conducting a mid-year review in July, you have ample time to strategize and make adjustments that can significantly impact your 2023 income taxes. Don’t wait until the end of the year...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 15, 2023 | Education, Tax Assessment
Hi!, Here is the background: President Biden’s plan to alleviate student debt faced legal obstacles 🚫, highlighting the complexity of forgiveness initiatives. A fresh plan targeted borrowers with 20 or 25 years of Income-Driven Repayment (IDR) payments 💡 The new...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 14, 2023 | Artificial Intelligence, Tax Planning
! At Palma Financial Services, we believe in embracing the future and staying at the forefront of innovation. As an accounting and tax firm, we recognize the immense potential of artificial intelligence (AI) and its transformative impact on various industries. In case...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 13, 2023 | Tax Planning, Tax Assessment
! Are you tired of feeling like your hard-earned money is being eaten up by taxes? or Are you curious about where to rank and how much better you can do after taxes? We’ve compiled a list of countries where the average monthly salaries after tax are...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 12, 2023 | Tax Planning, Tax Strategy
! Are you tired of toiling away for the IRS’s benefit? In the United States, income taxes can substantially impact your financial well-being. Consider these eye-opening facts: Tax Burden: On average, Americans pay an effective tax rate of approximately 24.8%,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jul 10, 2023 | Tax Planning, Tax Deductions
! Are you prepared to take your tax savings to new heights and tap into the full potential of your company’s financial growth? Introducing Palma Financial Services’ Proactive Tax Planning Program—the ultimate catalyst that propels your savings to new...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 28, 2023 | Tax Strategy, Freelancing
In the vibrant freelancing world, while flexibility thrills, tax responsibilities can be overwhelming. However, adopting the right tax-saving strategies can transform this hurdle into an advantage. I’m here to share ten powerful tax strategies that can help you...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 27, 2023 | S Corporation, Tax Planning
The ability to interpret and apply tax regulation effectively can significantly shape a business’s financial health. For instance, consider our client Mr. Streit, a savvy business owner who heads an S Corporation named ‘Streit R Us.’ Known for its...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jun 25, 2023 | Tax Advisory, Tax Assessment, Uncategorized
