by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 14, 2023 | Accounting Services, Tax Planning
Attention all taxpayers! Are you tired of paying high fees for tax preparation services? Look no further! Our tax planning package now includes free tax preparation. That’s right – all the expertise and assistance you need to file your taxes at no...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 13, 2023 | Tax Planning, Business Planning
During one of our quarterly meetings with one of our tax planning clients, the client asked the following question: Do you have a list of companies that have done well during recessions or economic downturns? Sure, here’s a list of companies, grouped by sector,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 12, 2023 | Tax Planning, Tax Strategy
Tax planning can be confusing and intimidating for many individuals and businesses. It is natural to have questions about the cost, process, and importance of tax planning. We will address some common questions that people have about tax planning. Understanding these...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 11, 2023 | Consulting Services, Tax Strategy
Maximize your YouTube earnings by taking advantage of tax deductions. Do you need help figuring out your tax obligations as a social media influencer or YouTuber? It’s no secret that taxes can get complicated, especially as new revenue streams come into play....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 10, 2023 | Consulting Services, Tax Planning
Taxes got you stressed? Is Tax Planning the Answer? Many people, including tax professionals, need to understand the term and realize that tax projections and planning differ. Tax projections estimate your taxable income for the year based on your current income and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 5, 2023 | Tax Deductions, Tax Strategy
As a small business owner, it is important to keep an eye on your bottom line and look for ways to save money, including taxes. Here are some strategies to consider: Choose the right business structure: The type of business structure you choose can have significant...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 4, 2023 | Consulting Services, Pro Tips
What are the most important income tax matters for a digital nomad moving to Mexico? As a digital nomad considering moving to Mexico, there are several key income tax matters to consider: Tax residency: Will you be considered a Mexican tax resident based on your home...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 3, 2023 | Pro Tips, Tax Planning
As a business owner, minimizing your taxes to maximize your profits is important. Here are seven common mistakes to avoid in reducing your corporate income taxes: Not keeping accurate records Not taking advantage of all available deductions and credits Not adjusting...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 29, 2022 | Tax Reform, Tax Planning
Take advantage of the exciting changes coming with the release of the 2022-2023 Appropriations Bill (also known as the Omnibus). The bill includes a major overhaul called Secure 2.0 that will significantly change individual and small business retirement plans. Here...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 19, 2022 | Accounting Services, Tax Strategy
Don’t Be Like Berta: As a small business owner, you know how important it is to be proactive and make smart financial decisions for your business. That includes taking control of your taxes and maximizing your tax savings. But if you’re like many business...
