SD Mayer

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accounting + advisory for life

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Latest Episodes…

  1. SDM Accounting Insights: Uncle Sam May Provide Relief from College Costs on Your Tax Return

    We all know college is expensive. Fortunately, there are two sizable federal tax credits for higher education costs that you may be able to claim. The American Opportunity credit generally provides the biggest benefit to most taxpayers. It offers a maximum benefit of $2,500. But it phases out ...


  2. SDM Accounting Insights: Corporate Governance in the 21st Century

    The purpose of a corporation has shifted to reflect modern concerns. Instead of focusing exclusively on maximizing shareholder value, the Business Roundtable’s updated Principles of Corporate Governance recognizes the importance of employees, suppliers, customers, lenders and communities to building long-term corporate value. The statement urges companies to adopt ...


  3. SDM Accounting Insights: Expenses That Teachers Can and Can’t Deduct on Their Tax Returns

    As teachers head back to school, they often pay expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct some of them on their tax returns. You don’t have to itemize your deductions to claim this “above-the-line” tax break. For 2019, educators can deduct ...


  4. SDM Accounting Insights: Nonprofits: How to Invest in an Investment Advisor

    Investment advisors aren’t just for large not-for-profits. Even smaller nonprofits with modest endowments can benefit from hiring an investment manager. Ask peer organizations and board members to suggest qualified individuals with nonprofit endowment experience. Candidates should submit detailed proposals about how they’d manage your nonprofit’s money and their ...


  5. SDM Accounting Insights: Taking Distributions From Your Traditional IRA

    If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (or a SEP-IRA). It’s critical to carefully plan for withdrawals. For example, if you need to take money out of your traditional IRA before age 59-1/2, the distribution will generally ...