Tax Tips for Giving at XMAS

Giving gifts and being charitable is something that businesses generally do during the holiday season. Volunteering of your time is also high on the list of charitable activities. In addition to making life better for the people you are donating to, both of these activities can help reduce your tax…
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6 Ways to Raise Your Credit Score Quickly

Now that you know exactly how important your credit score can be to your personal life, it’s also important to realize that your small business can be affected in the exact same way. A poor score can prevent you from getting a loan, could mean you’ll pay more for insurance…
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Be Your Own Banker

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 pay for your…
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Life Insurance as Alternative to IRA

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 beginning at age 70 1/2 distributions…
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Corporate PersonHood – A Brief History

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 Fourteenth Amendment equal protection clause to corporations.…
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