by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 21, 2014 | Featured
Ever wish you had some extra cash for special occasions or emergencies? Ever think about securing a loan? Perhaps you need a new car, or a vacation. Perhaps your home needs improvements, or your business needs some new equipment. Or perhaps you need some extra cash to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 13, 2014 | Featured
An Individual Retirement Account (IRA) is a tried and true savings vehicle for people seeking financial security in the Autumn of their years. In a perfect world the maximum amount is added tax-free every year and if invested wisely grows tax-free as well. Then...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 25, 2014 | Featured
Prior to 2010, Bob Mason was living the good life. In partnership with his Dentist, they owned a local horse-boarding ranch on 114 golden California acres. They were approaching two decades of working together when the unthinkable occurred – the Dentist...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 7, 2014 | Featured
For most homeowners, being upside down on their mortgage seems normal. But with the economy on an upswing, this may soon not be the case for much longer.According to DataQuick President John Walsh The median home price across the state rose 22.1% from a year earlier,...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 2, 2014 | Featured
Here at Palma Financial Services, Inc., we often encourage our clients to establish a corporate entity for their business activities. A corporate entity is afforded the same rights as a natural person. In 1886, the Chief Justice of the Supreme Court extended the...