by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 23, 2024 | Business Planning, Palma Financial Services, Pro Tips, Tax Deductions
Imagine your business breaking barriers and reaching new heights. Is your current legal structure a hidden obstacle? For established entrepreneurs and new business owners, the right entity choice is key to unlocking growth, operational efficiency, and financial peace...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 22, 2024 | Palma Financial Services, Pro Tips, Tax Strategy
Tax season is just around the corner! Feeling overwhelmed with choosing between e-filing and paper returns? Don’t worry; we’ve got you covered. Let’s break down the pros and cons of each method: E-filing offers: Immediate IRS confirmation: No waiting...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 21, 2024 | Business Planning, Tax Deductions, Tax Planning, Tax Strategy
Significant updates for student loan borrowers have been announced! President Biden disclosed the cancellation of $1.2 billion in student loan debt, benefiting around 150,000 borrowers and contributing to a total debt forgiveness of $138 billion for nearly 3.9 million...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 15, 2024 | Palma Financial Services, Tax Deductions, Tax Planning, Tax Strategy
Just witnessed an epic Super Bowl showdown? Whether you cheered for the Kansas City Chiefs or the San Francisco 49ers, one thing’s for sure: championship wins come with tax implications. Player Bonus: Imagine winning a huge bonus. Exciting, right? Well, Uncle...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 14, 2024 | Financial Services, Pro Tips, Tax Planning, Tax Strategy
Love and taxes? Aren’t those like oil and water? Well, not quite! While Valentine’s Day may not scream “tax deductions,” there are a few interesting tidbits to consider for both businesses and individuals: For Businesses: Spread the Love (and...