How to save taxes? Let’s count the ways.
Out with the old – in with the new 2023 mileage rates
It’s easy to forget about the business use of your personal car. Here’s how to calculate this deduction for all your business miles.
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Are there exceptions to the 10% early withdraw Penalty?
Actually there are quite a few. Here’s a partial list.
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Why you should start a 529 Plan for your 2 year-old child
Start the 15-year clock! Open a 529 plan for each child today. It doesn’t take thousands of dollars or in some cases even hundreds of dollars-maybe as little as $100 to open this savings account. By opening it now the parent can start the 15-year savings clock so that all earnings in the account are…
Read MoreMore Security from the Secure Act 2.0
At What Age Does the Government Require the RMD? The chart below gives you the age when you have to start taking RMDs: Your Birth Year Your Mandatory RMD Age 1950 or earlier 72 (70.5 for those who turned 70.5 before 2020) 1951-1959 73 1960 or later 75 When Do I Have to Take My…
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Inflation adjustments to tax items
With inflation at a 40-year high, inflation-adjusted tax amounts have kicked into place. Here are the increased amounts for 2022 and 2023.
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IRS grants penalty relief!
This is a rare gift from the imperial IRS. Check the article below for details.
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MMDA- Making meals deductible again
Have you missed partying and having business meals with your prospects, customers, and employees? Well, get ready to start again. Soon, COVID-19 will be behind us, we can get back to normal. To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now:…
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IRS changes gears with new mileage rate July 1, 2022
It’s easy to forget about the business use of your personal car. Here’s how to calculate this deduction for all your business miles.
Read MoreHow to save taxes? Let’s count the ways.
Remembering Veteran’s Day
Tax advantages just for veterans
Forget about Halloween: here’s something that’s truly scary!
One of the scariest things you’ll ever see.
Political Insanity – Taxing your use of the cloud
If you’re an elected official, it seems like there are just never enough taxes to make you happy. When Chicago’s…
Why it’s good to be number 44 out of 50
Georgia ranks among the lowest in debt per capita
Your most important job
It may be a speech for your product or service, or just to promote the goodwill of your company – but it’s important to do it well.
Ways to get money out of your IRA
Need money from your IRA but want to avoid the 10% penlalty?
Another free service for our existing clients
We’re adding a free service to our client portals. Sometimes you need a template for a business transaction and you…
May-June marriages can bring April tax bills
Combining two incomes may more than double your tax bill! Here’s how to fight back.
If the Free Market fails
What do you do if the free market fails to work?
Helpful Tools for Clients
For our first-time guests and new clients:
The first thing that you should look for in your Financial Advocate is the right attitude.
At SCA we don't believe in the "one size fits all" method of thinking. We post recent articles that may serve to help you save or make more money.