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 7, 2022 | Tax Strategy, Tax Planning
Tax Break of 2022: Direct Investment in Oil & Gas & 100% Tax Write-Off of Intangible Drilling Costs (IDC). Expensing exploration, development, and intangible drilling expenses is one of the federal income tax provisions that support domestic fossil extraction....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 30, 2021 | Palma Financial Services
East Bay accountants offer a full range of accounting services for businesses and individuals, including tax preparation, bookkeeping, payroll, and more. Our East Bay accountants provide tax and accounting services to small, medium, and large businesses. Tax...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Oct 2, 2021 | Palma Financial Services
Read on for 2021 essential bookkeeping knowledge. On September 15, the House of Representative Ways and Means Committee released an 881-page proposal on how to raise over $3,000,000,000 in taxes from American families.It set off a wave of panic from families who have...
by mpalma | Aug 19, 2021 | Dublin CPA, EIDL Loan, Palma Financial Services
Do you own a small business? If so, you should have a small business CPA to help you navigate your finances and taxes. But not any small business CPA. One that knows how to save you the most money. For instance, did you know that this might be your last chance to...