by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 16, 2023 | Tax Planning, S Corporation, Tax Strategy
As an S Corporation owner, you work hard to grow your business and achieve your financial goals. But did you know that with the right tax preparation, you can get even more out of your business? Our team of expert tax advisors can help you maximize your savings and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 15, 2023 | Uncategorized
Are you tired of paying high taxes on your S Corporation income? Do you want to reduce your tax bill and maximize your savings? We have the solution for you. Our team of expert tax advisors can help you reduce your S Corporation taxes and put more money back in your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 14, 2023 | Business Planning, Tax Strategy
Horse breeding is a lucrative industry that offers a range of tax benefits to help maximize your investment. Whether turning your hobby into a business or expanding your existing operation, it’s important to know about the tax benefits available to horse...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 13, 2023 | Tax Assessment, Webinar
We hope this newsletter finds you well. Don’t worry if you missed our recent webinar, “2023 Tax Strategies for a Recession: Achieving Real Estate Professional Status for Investors and Business Owners,” don’t worry. We’ve recorded it for...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 12, 2023 | Tax Planning, Tax Deductions
Are you tired of feeling like you’re navigating a never-ending maze of tax codes? Do you dream of paying less in taxes but feel like it’s just too good to be true? Well, it’s time to wake up from that dream and make it a reality! With our expertise...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 11, 2023 | Business Planning, Tax Planning
Have you ever wondered why some business owners seem to pay fewer taxes and enjoy better benefits than others? The answer is simple: entity maximization. This tax strategy involves restructuring your business into a more tax-efficient entity that allows you to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 10, 2023 | Tax Strategy, Tax Deductions
The Federal Tax Cuts and Jobs Act (TCJA) imposed a $10,000 limit on itemized deductions for state and local taxes (SALT cap). But with the election to pay taxes through Pass-Through Entities (PTEs), you can say goodbye to double taxation and hello to tax deductions....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 9, 2023 | Tax Deductions, Tax Strategy
As tax season approaches, it’s crucial to take control of your finances and ensure that you’re not overpaying on your taxes. The tax system can be complex, but with expert guidance, it doesn’t have to be. At Palma Financial Services, we offer...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 8, 2023 | Tax Strategy, Tax Deductions
As tax season approaches, it’s crucial to take control of your finances and ensure that you’re not overpaying on your taxes. The tax system can be complex, but with expert guidance, it doesn’t have to be. At Palma Financial Services, we offer...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 7, 2023 | Tax Deductions, Tax Strategy, Uncategorized
As a business owner, you understand the importance of maximizing your company’s profits and reducing costs where possible. One of the most effective ways to do this is through proper tax planning and preparation. At Palma Financial Services, we specialize in...
