How to save taxes? Let’s count the ways.
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.
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Tax-Deductible Retirement Plans for 2022
For the small business owner: Options when you are self-employed with no employees (Chart 1 below) Options when you are the only employee of your corporation (Chart 2 below)
Read MoreHow to save taxes? Let’s count the ways.
Haven’t filed a return for a few years? Here’s some options that you can use.
Haven’t filed a return for a few years? Here’s how to start.
Who gets your Roth-IRA money? (Part IV of Keeping it All in the Family)
Who gets the money from a ROTH-IRA?
Update on Corporate inversions – President blames accountants!
[Editor’s note:] To fully understand why accountants react strongly to being blamed for corporate inversion, please read Part I – Corporate…
Corporate inversions – the new buzz word of the statist
Corporate inversions – the new buzz word of the statist
Roth-IRAs demand equal time! (Keeping it all in the family Part III)
Here are the answers to the two most often asked questions we get on the subject of Roth accounts.
Who gets your IRA? It’s not always a simple decision!
When does money have to be paid from an IRA? The answers may surprise you.
Keeping it “All in the Family” Part I
If you have a family business – here’s how to save taxes and keep profits in the family circle.
Simple in Six – Using Excel Pivot Tables to analyze sales
Excel expert Tom Fragale shows you how to use Pivot Tables to analyze your sales.
The other side of the coin
After 172 posts and 81 pages written and published on our site, nothing has drawn the reaction of this…
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.