The 529 Savings Plan:
A Tax-Smart Way to Fund College Expenses
you're saving for college, consider a Section 529 plan.
Although contributions aren't deductible for federal purposes,
plan assets can grow tax-deferred. (Some states do offer tax
incentives for contributing.)
Distributions used to pay qualified expenses (such as tuition,
mandatory fees, books, equipment, supplies and, generally,
room and board) are income-tax-free for federal purposes and
typically for state purposes as well, thus making the tax
deferral a permanent savings.
529 plans offer other benefits as
They usually offer high contribution limits, and there are no
income limits for contributing.
There's generally no beneficiary age limit for contributions
You can control the account, even after the child is of legal
You can make tax-free rollovers to another qualifying family
Finally, 529 plans provide estate planning benefits: A
special break for 529 plans allows you to front-load five
years' worth of annual gift tax exclusions and make up to a
$70,000 contribution (or $140,000 if you split the gift with
The biggest downside may be that your investment options - and
when you can change them - are limited. Please contact us at
925-634-2344 for more information on 529 plans and other
tax-smart strategies for funding education expenses.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,