by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 21, 2022 | Business Planning, Accounting Services, Bookkeeping, Financial Services, Palma Financial Services
If you’re an entrepreneur in the fitness industry, it’s essential to understand the importance of bookkeeping and accounting to keep your business disciplined and diligent. Personal trainers and gym owners encourage their clients to set an intention, make...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 15, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Bill, Tax Planning
You get a mulligan with the ERC: Claim Your 2020 and 2021 ERC Now (Yes, in 2022) If you did not qualify under the 50 percent or 20 percent decline in gross receipts, your only alternative is the government order. Suppose you did not qualify for the ERC because your...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 16, 2022 | Palma Financial Services, Pro Tips, Tax Planning
Tax credits are a great way to reduce your taxes. The IRS allows people like you to take certain tax deductions every year. Key Point: Remember that your tax credit can expire because you lose them if you don’t use them! There is a possibility you might be...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 26, 2022 | Palma Financial Services, Pro Tips, Tax Planning
Do you owe money to the IRS? Tax services near me explain new interest rates. The IRS has released new interest rates, which means you may have interest on the tax due. If they owe you money, they may pay you interest. If you missed the 4th quarterly payment for...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 14, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
IRA for Kids: No age restrictions. That’s why your kid needs a Roth IRA. Having your kids contribute to their own IRA is a great idea, and it should be a tradition. Here’s what you need to know about IRAs for kids. Roth IRA Contribution Basics The only...