Tax Planning & Preparation

Tax Planning & Preparation in Dublin, CA

Our Dublin tax preparation & planning team will develop a minimization strategy tailored for you or your company’s goals for years to come.

Palma Financial Services, Inc. is the leading tax planner in Dublin, CA. That’s because we don’t blindly follow the top names in our field, nor do we lump everyone into a few predetermined categories.

The truth is, most financial institutions push their CPAs and Personal Finance Specialists to emphasize the funding of today’s “tax write-off” retirement plans. We don’t do this. Our tax planning professionals are more interested in looking at tax class diversification and planning for the uncertainty of the global economic future.

Michael Palma, Dublin tax preparation specialist, puts together a return for an auto mechanic in San Ramon

As financial planners, we should be educating our clients about what the financial realities of tax deferred investments and how the instant gratification of tax deferment is actually a dangerous investing tool used to seduce some investors.

Even when a client has a minor grasp of the earnings potential of two separate plans, the one that looks best in the short term is almost always chosen. Why? Because immediate gratification choices are based on emotions, where long term rewards are based on logic. Since emotion is more powerful than logic, the short-term gain is an easier sell (it’s also often the more expensive of the two). That’s why our financial planning team works harder to help you understand the full implications of your tax planning decisions, so you can always choose the plan of action that will serve you the best down the road, and for years to come.

Stacks of coins representing interest rates in San Ramon, CAOur team will help you prepare for tax & interest rate changes

Here’s a scenario that we often bring up when doing tax planning for Dublin based businesses. Our National debt is working its way to $18 trillion. It is likely that the federal government will need to raise taxes at some point to account for increased debt related spending. If this is the case, paying taxes on your investment before the tax increase takes effect will result in a low tax rate on your overall investment. Using the same logic, if the debt is paid off in the future, taxes may be lowered and then prepaying taxes will have cost you more money. Our Dublin tax planning specialists like to use the new Section 79 plan as a way to circumvent this and allow retirees to take money out of either a taxable or tax free account during their post-work years.

Our Dublin tax preparation & planning team is ready to help

Contact the professionals at Palma Financial Services, Inc. to take advantage of our unique approach to retirement funding and avoid a future tax bomb. We offer annual fixed fee packages with full service, year-round, tax, accounting and financial planning services. Book a consultation today.