by Jackie Strack | Jun 20, 2022 | Financial Services, Palma Financial Services, Pro Tips, S Corporation
9 Ways to Slash S Corp. Taxes You can slash S Corp taxes and save money with the proper planning. We’re all about giving our clients what they need when it matters. That’s why we take a personalized and hands-on approach to tax advisory. So you can feel...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 22, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Planning
Mileage or Actual expenses can get complicated very quickly with lots of variables. There are some ‘common themes,’ or some general rules or guidelines that can be a starting point for a strategic decision. These ‘Rules of Thumb’ often point a...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 18, 2022 | Financial Services, Palma Financial Services, Pro Tips, Tax Planning
Estimated Tax Payments Are Too High – Don’t Be a Victim of Tax Overpayment That April 18th estimated tax payment you made, how big was it? Whatever it was, I guess that it was too high. One of the biggest problems in this country is that small business...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 17, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform
Tax Advisory vs. Tax Preparation Worried about tax overpayment? Every year we help our clients perform proactive tax planning on each of these categories: Deductions Legal Entity Design Retirement Tax Cuts & Jobs Act (TCJA), FFCRA, and CARES Tax Acts Insurance...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 22, 2022 | Pro Tips, Tax Planning
Get your kid started on the right financial foot with a Roth IRA! No matter how old your kids are, they can still contribute to their IRAs. Here is what you need to know about Roth IRA Contribution Basics: The only requirement for a child to make an annual Roth IRA...