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.
IRS Exposed! The official report of the Inspector General
If you needed the proof in writing …here it is.
Taxing Humor -Featuring Jon Stewart
Details of recent IRS events can be confusing. Here’s reporter Jon Stewart with a special update.
Why you’ll pay more tax in 2013 and beyond
A timeline for some of the new taxes in the President’s 2014 budget and Obamacare
IRS, Star Trek, and Gilligan’s Island
See the Star Trek and Gilligan’s Island parody videos that cost $70,000 of the taxpayers’ money
Why Mark Zuckerberg really hates April 15
If you’re dreading April 15 due to a big tax bill- it could be worse. Facebook’s IPO made founder Mark Zuckerberg…
Estate Tax Rates for 2013 and beyond
The zero-hour fiscal cliff law raised the top estate tax rates to 40 percent.
Here’s a table with the new rates for 2013 and beyond.
Where there’s a Will . . .
. . .there are usually some opportunities for tax and estate planning. Most people don’t appreciate the importance of a will, especially…
Sequestration – Numbers show the truth
Hover your mouse over the chart for a long-term analysis.
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.