We'll Handle the Numbers
Palazzo & Company, LLC services are distinguished by the quality of our work, the expat + local tax experience of our staff, the convenient and personal services we provide to our global clients and their families working a world away, and those who call South Mississippi home. Our value-added services:
We know that tax or business issues do not just arise during tax season; that is why our clients can depend on our services year round.
Palazzo & Company, LLC provides financial information and tax planning for every type of business entity.
Something to smile about in tax year 2022
Now that the filing of 2021 tax returns is over (unless an October 15 extension is requested), it can be fun to take a look at some of the odd, informative and, perhaps, helpful comments about taxes going forward. Tax Day: It wasn’t always April 15. In 1913, March 1 […]
Taxes while living abroad
Expatriates (or expats) are individuals who live or work in a country other than their nation of citizenship. When it comes to taxes, American citizens living as expats are required to file a US federal tax return and pay taxes on their income. Preparing such a tax return is difficult […]
Some Thoughts for a Taxing Day
The due date for filing 2021 tax returns is Monday, April 18th. A day not many Americans look forward to, here are ten facts about taxes that are a bit interesting, somewhat humorous and perhaps relevant. Ancient Greeks Griped About Taxes: Plato once said, “Where there is an income, the […]
Avoiding a Tax Refund Delay
This year especially is not a good time to draw the Internal Revenue Service’s attention. The agency is so understaffed that a mistake on a federal tax return form can delay a refund for months. This happens because an IRS employee must manually process the return, which only adds to […]
You aren’t alone in paying taxes, but not everyone does. Based on the latest data compiled by the IRS in 2018, what follows are a few facts about your fellow filers. In 2018, 144.3 million Americans reported earning $11.6 trillion in adjusted gross income and paid $1.5 trillion in individual […]
Use Your Tax Refund to Save on Car Shopping.
(StatePoint) Like many other people, you probably have taxes on your mind right now. Figuring out if you have a tax refund coming your way can be an exciting time. But tax season doesn’t have to be all about crunching numbers and filling out forms. “If you’re in the market […]
Want to work overseas? Protect your paycheck from Uncle Sam
A number of decisions go into choosing a career path, especially if you want to work overseas for a private organization. Sometimes, even the best assumptions of an expat life don’t materialize. Your money, however, is a cut and dried situation, and before you go toodling off to Timbuktoo, you’d […]
How to Avoid an Audit
Whenever a letter arrives from the IRS what goes through your mind first? Audit, right? No one wants to see that request for documents. According to a recent CNBC story, The IRS closed over 450,000 individual audits in Fiscal 2020, roughly .29% of those filing. Your best bet, therefore is […]
For American Taxpayers Living Abroad: What To Look For In An Expat Tax Preparer
If you are an American expatriate outside of the US, you must file your taxes every year. The process may seem very overwhelming at first, but there’s good news! First, you don’t have to do it alone. Many tax preparers stateside specialize in helping expats like yourself with their tax […]
When It’s Time To Hire A Bookkeeper, Here’s What To Expect
No matter how large or small your company is, it is vital to manage its financial transactions. While managing your business’s income and expenses on your own may sound easy, some business owners make the mistake of thinking they can get away with do-it-yourself bookkeeping for the foreseeable future. The […]