by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 5, 2022 | Accounting Services, Bookkeeping, Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
You probably like your vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps significant deductions, immediately. And the Tax Cuts and Jobs Act (TCJA) gives you the tax reform road map on how to do this. Of course, to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 3, 2022 | Accounting Services, Bookkeeping, Financial Audit, Financial Services, Palma Financial Services, Tax Planning
When you know the tax rules related to business mileage, you: Protect yourself in the event of an I.R.S. audit, and Pay less in taxes These Business Mileage Tax Tricks Help You Save Take Brandon, for example. Before he knew the mileage rules, he deducted 30 percent of...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 17, 2021 | Accounting Services, Bookkeeping, Tax Planning, Tax Reform, Tax Resolution
Looking to find tax preparation services? Our clients are deep into the process of planning out their asset and investment purchases for 2021/2022. Tax preparation services are typically categorized into three broad categories: basic, intermediate, and professional....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 15, 2021 | Accounting Services, Bookkeeping, Tax Planning, Tax Reform, Tax Resolution
Bookkeeping Tip: Do you need a last-minute income tax deduction for 2021?There is still time to create and implement the tax busting reduction strategy, “Play it Forward Tax Plan,” for 2021.Cash funding is deductible at 50% of your Adjusted Gross Income...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 11, 2021 | Accounting Services, Bookkeeping, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
It’s like magic: now you see it, now you don’t. Tax professionals near me break down what you need to know about tax updates from the last two years. The last two years have generated lots of tax proposals and enactments.Here at Palma Financial Services,...