Tax Filing Deadline – Applying for an Extension

It is that time of year again, tax filing deadline. This year April 15th falls on a Sunday and Monday April 16th happens to be Emancipation Day, a holiday that marks the anniversary of Abraham Lincoln signing into law the Compensated Emancipation Act. The deadline therefore for filing your taxes is Tuesday, April 17th. If you need more time to …

Using Life Insurance as a College Savings Vehicle

The three biggest financial challenges in ones lifetime are retirement, buying a home, and sending a child to college. With college costs rising nearly every year the thought of saving for your childs education can seem overwhelming. Fortunately there are a number of tax-saving plans available. One is the Section 529 Plan, which is a state-sponsored investment program named after …

An East Bay Accountant Remembers His Roots

Compared to most Nicaraguan families, Miguel Palmas was economically advantaged. Rental income from family land enabled his mother to accomplish her primary objectives – providing milk for her four children daily, serving meat once per week, and, most importantly, giving her children the freedom to pursue an education. But when asked in a recent interview whether he was poor growing …

Four Basic Questions for Personal Financial Freedom

Regardless of where you are in life, achieving and maintaining financial goals is probably among your highest priorities. Personal financial goals dont have to be a dream. With careful planning you can begin to make it happen today. A good financial plan will answer these four basic questions:1) How do I mange cash flow and expenses?2) How do I save …

Defined Benefit Pension Plan for Small Business Owners

For small business owners wishing to be pro-active about retirement for themselves and their employees they may wish to consider a Defined Benefit Pension Plan 412(e)(3). This particular retirement plan is well suited to established businesses that wish to increase contributions and tax deductions to a greater extent than is permitted by a traditional defined benefit plan. Some of the …

Maximizing Your Tax Deductible Dollars and Insuring Your Future

Miguel Palma, CPA, looks forward to going to work every morning because he knows what he does makes a difference in people’s lives. “I used to think that success meant having all the money in the world. Now, I see that success is having the time to do the things you most care about.” Miguel tries to align himself with …

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Are You Interested In Lowering Your Taxes?

  Are you interested in lowering your taxes? Take advantage of our free offers now. Each is a $300 value with a tax preparation appointment. Expires 4/15/2012. Call now 925-307-5454. 1) Free Tax Review Bring in your last 3 years tax returns for a free review. You may be entitled to receive additional funds. 2) Free Analysis We will review …