How to save taxes? Let’s count the ways.
Seniors will love the new tax bill!
If you are 65 years of age or older, several provisions in the One Big Beautiful Bill Act (“Big Beautiful Bill”) would be especially relevant: In summary, the most significant changes for someone age 65 or older are the new temporary $6,000 senior deduction, increased standard deduction amounts, and higher filing thresholds
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.
Are there exceptions to the 10% early withdraw Penalty?
Actually there are quite a few. Here’s a partial list.
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…
More 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…
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.
IRS grants penalty relief!
This is a rare gift from the imperial IRS. Check the article below for details.
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:…
How to save taxes? Let’s count the ways.
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…
Timeline of Obamacare changes – It’s not an easy task
Need to know when the Obamacare provisions may effect your business? Here’s the answer!
Uploading your data with SCA secure
With our encrypted portals uploading your data couldn’t be much safer or much easier. Have a look as one of…
Executive Summary of Timeline for Obamacare provisions
Editor’s Note: There have been substantial changes in the ACA law since we published this post. See our current newsletter…
Can the “Fonz” drive in reverse?
Henry Winkler (a/k/a “The Fonz” on the Happy Days TV series) can be currently seen on television advertising for senior…
Tutorial of Tax-Sheltered Savings Plans for 2014
Some of the most powerful planning tools are the tax-sheltered savings plans available to almost every business. But these tools…
What our email footer really means!
IRS Circular 230 Disclosure – What Does all the legalese really mean? Our SCA team prides itself…
Simple in Six – Make your Pivot Tables do more
As useful as Excel Pivot Tables can be (see this post on creating pivot tables), sometimes you need to perform…
Helpful Tools for Clients
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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.