by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 11, 2023 | Webinar, Accounting Services, Financial Services, Tax Assessment, Tax Deductions, Tax Planning, Tax Strategy
Did your CPA just tell you, “2023 taxes are toast?” Please don’t believe it! We just helped a client who signed with us in the first week of December to save $39,000 in taxes. It took a lot of effort and teamwork, but it was possible! YOU can be...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 5, 2023 | Webinar, Tax Advisory, Tax Assessment, Tax Deductions, Tax Planning, Tax Strategy
We just wanted to THANK YOU ! for making our recent webinar “Beat the 2023 Tax Deadline: Learn the Ultimate Tax Strategies to Save Thousands Before Year-End” a success. Catch the Replay! In case you missed a beat or two (we get it, life happens),...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 28, 2023 | Webinar, Tax Advisory, Tax Assessment, Tax Planning, Tax Strategy
We’re excited to have you join us for our Webinar: Beat the 2023 Tax Deadline: Learn the Ultimate Tax Strategies to Save Thousands Before Year-End What to expect: ✅Gain insights into deducting business expenses and leveraging deductions for home office and...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 27, 2023 | Tax Advisory, Tax Assessment, Tax Deadline, Tax Planning
https://mpalma.com/wp-content/uploads/2023/11/Beat-the-2023-Tax-Deadline_-Learn-the-Ultimate-Tax-Strategies-to-Save-Thousands-Before-Year-End.mp4 REGISTER...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 9, 2023 | Tax Deductions, Tax Assessment, Tax Planning
Hi ! As a business owner, you know that every dollar counts. That’s why taking advantage of all the tax deductions you’re eligible for, including the 100% deduction for employee entertainment, is important. THAT’S RIGHT! You can deduct the full cost...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 8, 2023 | Tax Planning, Tax Advisory, Tax Assessment
Horse breeding is not just a passion; it’s a business venture with the potential for significant financial gains. The Race Horse Cost Recovery Act of 2023 is a proposed legislation that aims to make the three-year depreciation schedule for racehorses permanent,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 7, 2023 | Tax Deductions, Tax Assessment, Tax Bill
A $5 million nest egg is a significant amount of money, but it’s important to remember that taxes can take a big bite out of your savings. If you’re in the highest tax bracket, your $5 million nest egg could be taxed up to 37%. That means you could lose...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 6, 2023 | Improvement Costs, Repair Expenses
Repair expenses are essential upkeep tasks that can be deducted in the same year, while improvement costs must be depreciated over the years. It means that repair expenses provide a game-changing upfront tax advantage. Examples: Repair expense: Fixing a leaky roof...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 3, 2023 | Tax Planning, Tax Advisory, Tax Strategy
In our previous email, we mentioned that 93% of small businesses overpay their taxes by at least $10,000 annually. But here’s the surprising part: tax overpayments aren’t just a problem for businesses; they’re affecting individuals like you and me,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 2, 2023 | Tax Strategy, Tax Planning
According to Forbes.com, 93% of small businesses overpay their taxes by at least $10,000. Are you in that 93%? If so, you’re not alone. But there’s good news! Our Tax Savings Assessment can help you identify and claim all of the tax deductions and credits...
