by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Mar 1, 2014 | Featured
Q. I am a company driver. What is deductible when Im on the road?A. While self-employed individuals can generally deduct any expenses incurred to earn their income, company drivers are limited to non-reimbursed expenses required by their employer. You are entitled to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 28, 2014 | Featured
It is no secret that our economy is improving, but perhaps not quickly enough for those on the lower and middle rungs. At Palma Financial Services in Dublin, CA, we are committed to helping those in need and to keep the positive momentum of our economic recovery...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Feb 22, 2014 | Featured
I originally wrote the following article in November, 2011. I am choosing to republish it today because I think it is as relevant today as it was then. If you have any questions please call or email. – Miguel Palma, CPA, PFS, CGMA. Warren Buffett is widely...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 24, 2014 | Featured
Our latest flyer
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 20, 2014 | Featured
The IRS announced the annual inflation adjustments for certain 2013 tax provisions. These include: The annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012. The amount used to reduce the net unearned income reported on a childs tax return...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 4, 2013 | Featured
Are you interested in reducing your taxes? Of course you are, who isnt. At Palma Financial Services, Inc., we specialize in building worry-free retirement plans for business owners and professionals through a combination of tax reduction and asset protection...