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.
Read More
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…
Read More
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.
Read More
IRS grants penalty relief!
This is a rare gift from the imperial IRS. Check the article below for details.
Read More
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:…
Read More
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 More
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.
Simple in Six – Excel Pivot Tables Part I
Learn to use Excel Pivot Tables Part I
IRS magic tricks – Deductions that will disappear on December 31!
Certain deductions are scheduled to vanish in 2014!
Hidden traps in Obamacare for 2013
We show you how to avoid pitfalls and traps in Obamacare.
Have under 50 employees? You still have an Obamacare deadline October 1!
With just one employee you could have an Obamacare report due!
More tax deductions that you may have missed
Since our first post on deductions that you may have missed, several more items have come to mind that…
Can IRS make you pay someone else’s tax 10 years later?
Just ask Maureen Mangiardi. Ten years after her father passed away the IRS came to the door asking for her IRA.
This post is rated PG (Public Guidance & Oversight for IRS Abuses).
How IRS’ misuse of a credit card affects your tax planning
What’s in a name? Let’s ask IRS!
Figures don’t lie but IRS Commissioners do.
Identity theft – IRS posts thousands of social security numbers on its website!
We give you the steps to combat the ever-present danger of ID Theft
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.