Palma Financial Services, Inc.

Do You Know The Difference between an investment and an expense? #Investments #Taxes #TaxPlanning #TaxAdisor #TaxAdvice #Superbowl #FinancialAdvice #BusinesOwners

What is the most tax-efficient retirement plan if you have a business? #BusinessOwner #retirement #retirementplan #BusinessOwner #FinanciaAdvice #Financialadvisor #Superbowl

Finding all the crypto conversation a little confusing? #Cryptocurrency #Crypto #bitcoin #Ethereum #taxes #TaxAdvisor #TaxPlanning #SuperBowl

Guess, Who sees your paystub each payday? #Taxes #Tax #Paystub #IRS #TaxPlanning #TaxAdisor #TaxAdvice #Superbowl #FinancialAdvice

Do You Want To Know Secret? #IRS #Taxes #TaxPlanning #TaxAdisor #TaxAdvice #Superbowl #FinancialAdvice #BusinesOwners

One of the Largest Tax Credits What is the R&D tax credit, and who can claim it Initially, the R&D credit (which stands for research and development) was created to...... Click Here To Learn More: https://mpalma.com/one-of-the-largest-tax-credits/. Let’s find out in your free tax assessment. Let’s talk: schedule a time here: https://mpalma.com/appointment-booking/. #PalmaFinancial #taxes #smallbusiness #deductions #savemoney #taxcredits #tax #businessowner #money #financialeducation #researchanddevelopment

Six Benefits for the Self Employed: The self-employed are often times left to fend for themselves. They have no unemployment, paid sick leave or healthcare benefits like employees do in moments of economic dislocation such as what COVID-19 has brought us. Here's a few things they have going in their favor... Click Here To Learn More: https://mpalma.com/six-benefits-for-the-self-employed/

Tax Extension Pros and Cons: Did You File an Extension? First off, your income taxes were due on May 17. However, suppose that deadline doesn’t suit you for some reason. Maybe you have been unable to gather the requisite documents in time. In that case, it’s pretty easy to get the due date extended to October 15. ... Click here to learn more: https://mpalma.com/tax-extension-pros-and-cons/ #taxes #PalmaFinancial #federalincometax #deadline #extended #tax #prosandcons #federalincome

Section 1031 I.R.S. Defines Real Property: Dear friends and clients the longstanding tax break we’re currently experiencing has contributed to the making of many fortunes. However, consider these two things about the Section 1031 exchange privilege... Interested? Click here: https://bit.ly/2RWE9hS... #tax #IRS #palmafinancial #realproperty #1031 # #taxes #property #investment

My granddaughter, Camilla, was happy to find this sign at Costco Wholesale (I didn't know about the sponsorship, that is another good story). Children's Miracle Network Hospitals #palmafinancial #childrensmiraclenetworkhospitals St. Jude Children's Research Hospital - ALSAC #usa

Can you live comfortably on $1K per month? https://www.youtube.com/watch?v=DbT5_QuCBis #pv #zonaromantica #explore #malecon #PalmaFinancial

Hang in there; we’ll get through the election and the virus crisis. Remain calm we will prevail! http://bit.ly/2TJNxTw #2020election #covid19 #palmafinancial #usa2020

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Rent your house (that you live in) TAX-FREE The Masters: A Tax Break Unlike Any Other Rent your primary home for TAX-FREE PROFIT... Do you like golf? I love it. Well, you're in luck. You don't have to like golf to take advantage of this tax loophole. Why? Because it can save you quite a few shekels on taxes Have you ever heard of Augusta? "If there's a golf course in heaven, I hope it's like Augusta National. I don't want an early tee time." Gary Player "I must admit the name was born of a touch of immodesty." Bobby Jones on deciding to call the Augusta tournament the Masters Yep, it is one of the most prestigious golf tournaments in the world. The fine people who live near the golf course have their tax loophole, the Augusta Rule. The rule allows taxpayers who own a home in the United States to receive tax-free income. And if you qualify. And follow some concrete steps. You can save money on taxes. By renting out your home, possibly to your own business! And if you do qualify, that turns into thousands of tax-free profit! I'll walk you through it all in our free 1-on-1 call this week. Please reply to this email, and let's chat. Curious? Let's discuss more in a FREE 45-minute strategy session. Reply to this email, and we'll set it up. We are a CPA firm specializing in tax planning and CFO services. And we will also prepare your income taxes and take care of your financial planning. If this sounds appealing to you, let's set up a time to talk. Book Your Tax Assessment Here: http://bit.ly/3kgci5r Miguel A Palma CPA, PFS, CGMA Office: 925-307-5454 Office: 408-295-4963 Palma Financial has achieved positive results for its clients, but our top clients' successes are not typical. Because past performance is not a predictor of future success, you may have more or less success depending on many factors, including your background, experience, work ethic, client base, and market forces. Additionally, at times we may discuss the law or new and pending legislation. Please know our understanding of it is continuously changing. You cannot and should not rely upon these communications for legal, financial, or accounting advice. For the latest updates, set up a time here. http://bit.ly/3kgci5r 2020 Palma Financial Services, Inc. All Rights Reserved. Protected by copyright laws of the United States and treaties. This email may only be used according to our Terms & Use Agreement and Privacy Policy. Any reproduction, copying, or redistribution (electronic or otherwise) in whole or in part is strictly prohibited without the express written permission of 11840 Dublin Blvd, Dublin CA. 94568 or by email at [email protected] #golf #pgatour #pgagolf #augustaga #palmafinancial #taxes #taxes2020 #taxbreaks #california #usa

Best Coronavirus spread explanation I seen to date! http://bit.ly/2TZ0Boh Perhaps not mind-blowing for some but very well explained and visualized. Perhaps those that make decisions for others could get some insight from it.... #COVID19 #PalmaFinancial #coronavirus #usa See more

The students, who claimed to be employed by companies that don’t exist, who were found to have allegedly participated in work visa fraud to extend their stay in the United States. Most of the students were identified to be from India. https://bit.ly/2TLvT1v #indianentrepreneurs #palmafinancial #india2020 #indiameansbusiness #indiatechnologyweek

TAX PLANNING 2020 = Huge Tax Savings at Tax Time Success rarely happens by luck. Instead, planning and preparation are two key components necessary for realizing a prosperous outcome....Continue reading

Psalm for Encouragement and Hope for the Future Psalm 46:1 God is our refuge and strength,... an ever-present help in trouble. #psalm #bible #COVID19 #PalmaFinancial #usa

Inspector General Hannibal "Mike" Ware said in the report that the SBA "lowered the guardrails" as it tried to expedite aid to businesses, resulting in lax oversight. Investigators cited $58 billion disbursed in multiple loans to businesses that used the same IP addresses, email addresses, bank accounts or the same physical addresses. About $13.4 billion went into accounts that differed from those listed on initial loan applications. But SBA Administrator Jovita Carranza reje...cted the report, claiming that the findings and figures "rest on hasty, incomplete conclusions." The inspector general stood by the investigation, pointing to $450 million in 15,000 fraudulent loans that has already been seized, as well as the agency's decision to fire employees and contractors involved in approving loans to themselves or inappropriately influencing loan approval. "SBA’s management continues to insist that its controls are robust despite overwhelming evidence to the contrary," the inspector general said in the report. "Our analysis of SBA’s Covid-19 EIDL loan and application data highlights strong indicators of ongoing fraudulent activity in the Covid-19 EIDL program." The dispute was the latest example of the SBA clashing with federal oversight officials. The agency has also fought in recent months with investigators at the Government Accountability Office and with journalists seeking disclosure of federal loan recipients. During the pandemic, the SBA has approved $192 billion of so-called EIDL loans plus $20 billion of related disaster grants. In addition, it issued $525 billion worth of forgivable loans under the Paycheck Protection Program that Congress established in March. It's http://politi.co/34CT8B9

SBCA - Simplified PPP Loan Forgiveness Application We support legislation to simplify the PPP loan forgiveness process, particularly for small businesses, we were pleased to see that Treasury has announced a simplified loan forgiveness application for PPP loans of $50,000 or less. The press release which can be found here includes a link http://bit.ly/35MTuo8 As always, please let us know if you have any questions.... http://bit.ly/33w9QSo #PalmaFinancial #ppploanforgiveness #PPP #SBA #COVID #COVID19 Best, Miguel

Many Americans Are Worried About the Amount of Money They Stashed in the Bank to Survived the Coming Months? How many months of living expenses can you cover, If you lose your job? http://bit.ly/2HO0etu... #americans #livingexpenses #covid19 #covid19insights #palmafinancial #pandemic #anxiety #financialplanning

Different American Airlines: COVID19 Safeguards Are Not Uniform: Different Boarding Process, Blocking of Seats, and Quarantine. http://on.wsj.com/2HzSMCm #uncertainty #airtravel #airlines #PalmaFinancial

https://edition.cnn.com//23/t/uber-lyft-california-appeal/

How you can still save taxes for (2017,2018 and 2019) It is IMPOSSIBLE to save money on taxes in prior years. FALSE.... No, I can't promise if with talking for at least a few minutes. But I can tell you Phew, have I seen some things in my day? There are three reasons why I might be able to save you taxes in previous years. Now when I mean savings in previous years. I mean literally. A check back in the mail. Reason #1: Errors You'd be surprised. Almost all tax returns have some errors in them. Was that Starbucks' expense business-related? Yes, you are right. The 30 Lattes aren't material and fundamental errors. Errors and fixing them can result in HUGE savings. Reason #2:The Tax Code The rules are complex. The tax code is enormous. The forms are onerous. It takes a significant investment of time and money to keep up with the tax code. In the last four years, we had two significant tax bills, Trump's Tax Act, and the Cares Act. Reason #3: Most CPAs and Tax Professionals are Reactive. We are a CPA firm specializing in tax planning and CFO services. And we will also prepare your income taxes and take care of your financial planning. If this sounds appealing to you, let's set up a time to talk. Book Your Tax Assessment Here: http://bit.ly/3kgci5r Miguel A Palma CPA, PFS, CGMA Office: 925-307-5454 Fax: 925-828-4991 Address: 11848 Dublin Blvd, Dublin, CA, 94568 Palma Financial has achieved positive results for its clients, but our top clients' successes are not typical. Because past performance is not a predictor of future success, you may have more or less success depending on many factors, including your background, experience, work ethic, client base, and market forces. Additionally, at times we may discuss the law or new and pending legislation. Please know our understanding of it is continuously changing. You cannot and should not rely upon these communications for legal, financial, or accounting advice. For the latest updates, set up a time here. http://bit.ly/3kgci5r 2020 Palma Financial Services, Inc. All Rights Reserved. Protected by copyright laws of the United States and treaties. This email may only be used according to our Terms & Use Agreement and Privacy Policy. Any reproduction, copying, or redistribution (electronic or otherwise) in whole or in part is strictly prohibited without the express written permission of 11840 Dublin Blvd, Dublin CA. 94568 or by email at [email protected] #taxsavings #realtors #taxes #PalmaFinancial #accounting #taxplanning

We do think it’s more important to get it right than to be the first. Federal Reserve Chairman Jerome Powell on his cautious approach to issuing a central-bank digital currency #Trump2020 #accounting #taxconsultant #taxprofessional #taxes #PalmaFinancial #cryptocurrency #crypto #cryptocurrency