INCOME TAXES
To minimize your tax liabilities we stay abreast of the ever changing tax laws. In fact to maintain our CPA license it is a requirement to have 24-hours of tax related continuing education every three years.
We provide tax preparation services, planning, consulting, and IRS audit representation. We work with almost every type of entity -- individuals, LLCs, partnerships, C- and S-corporations, estates, trusts and non-profit agencies.
We are also an authorized electronic filing provider for the IRS and State of Ohio.
If you need your tax return prepared email or call for us for an appointment 740-215-2692.
IRS's Inflation Adjustments | ||
| Last updated Nov 25, 2008 | 2009 | 2008 |
| Business Mileage Rate | 55 cents per mile | 58.5 cents per mile (after July 1) 50.5 cents per mile (Jan - June) |
| Social Security Wage Limit | $106,800 | $102,000 |
| Standard Deduction (married filing joint) | $11,400 | $10,900 |
| Standard Deduction (single or married filing separate) | $5,700 | $5,450 |
| Standard Deduction (Head of Household) /Exemption Amount | $8,350/$3,650 | $8,000/$3,500 |
| Estate Exemption Amount | $3.5 Million | $2 Million |
| Gift Tax Exclusion | $13,000 | $12,000 |
| IRA Contribution Limit (Under Age 50) | $5,000 | |
| IRA Contribution Limit (Age 50 or over) | $6,000 | |
- The maximum earned income tax credit for low and moderate income workers and working families with two or more children is $4,824. The income limit for the credit for joint return filers with two or more children is $41,646.
- The maximum Hope credit, available for the first two years of post-secondary education, is $1,800.
Payroll tax
We prepare quarterly and/or year end returns for clients who process their own payrolls.