| 2011 Tax Facts Mileage Rates 1/1/-6/30 Business - .51/mile Medical - .19/mile Charitable - .14/mile 7/1-12/31 Business - .55 ½ /mile Medical - .23 ½ /mile Charitable - .14/mile Retirement Contributions Maximum 401(k) $16,500 Maximum Simple IRA $ 11,500 Maximum Keogh or SEP-IRA - Lesser of 25% of W-2 or $49,000 Catch-Up Contribution Limits - individuals at least 50 years old by year end 401(k) $5,500 SIMPLE Plans $ 2,500 |
2011 Year End Tax Planning
Year-end tax planning is usually a challenge when Congress leaves things up in the air until the last minute. This year is a little different because it looks like they may not enact any new legislation at all. There are several tax issues due to expire at the end of this year but we at least have some certainty about 2011.
I have gathered a list of what I felt were the important points for 2011. Please read through downloadable newsletter (click here) and feel free to call or email me with anything that you would like more information on.
The IRS is mandating E-File this year along with Ohio. This year we have until Tuesday April 17th 2012 to file our taxes.
Gather your receipts and set up an appointment to have your personal or corporate taxes prepared. I am available to you all year long.
Looking forward to a prosperous new year.
Robyn Urig
Chesapeake Accounting Co., Inc.
Phone 513-367-5258
Email Robyn@chessieaccounting.com
Website: www.chesapeakeaccountingco.com
You've opened the doors for business,
now what?
Chesapeake Accounting Co. can help you by providing daily, monthly, quarterly, or annual bookkeeping services. Having someone to review your bookkeeping and accounting is a huge asset. Whether you are just starting out and would like to discuss creating a budget, or you are established and would like to understand why your checking account doesn't reflect your company's profit.
I've seen many companies very surprised at the tax consequences of the "do it yourself method”.
I have worked in the public accounting field servicing with all types of industries for over 14 years. I saw the need for small businesses to have someone looking out for them. Many of them could not afford the prices of the large firms, but would still like to be treated as if they are working with one. So I started my own business to help these companies.
Chesapeake provides a full list of services including bookkeeping, accounting, tax planning and preparation, small business consulting, payroll processing and tax reporting.
Contact Chesapeake Accounting Co. and let's discuss your position.
Let me help you take charge of your finances.
We can create a month by month budget so you know exactly where your money is going and to show progress as balances are paid down.
Free first hour of consultation for new clients.
 Member of the National Association of Tax Professionals |
• Certified QuickBooks® ProAdvisor • Certified QuickBooks Point of Sale ProAdvisor |
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