Services

Business tax return preparation
General ledger and Profit & Loss Preparation
Bookkeeping (montly, quarterly, annually)
Budgets, forecasts, & projections
After-the-fact payroll services
Accounting system setup for new businesses
Personal Financial Statements

 

Attestation

 
IRA News

Increased Contributions

Increased Contribution Limit for 401(k) Plans—The maximum employee contribution rises to $16,500 from $15,500 in 2009 for these and similar workplace retirement plans including 403(b)s and the federal Thrift Savings Plan. Workers age 50 and older in 2009 can put in an additional $5,500 this year, also a $500 increase from 2007. Thus, their maximum contribution is $22,000.

 

 

2008 Tax Rates

 

Married Filing Jointly or Qualifying Widow(er) Filing Status

  • 10% on the income between $0 and $16,050
  • 15% on the income between $16,050 and $65,100; plus $1,605.00
  • 25% on the income between $65,100 and $131,450; plus $8,962.50
  • 28% on the income between $131,450 and $200,300; plus $25,550.00
  • 33% on the income between $200,300 and $357,700; plus $44,828.00
  • 35% on the income over $357,700; plus $96,770.00

Married Filing Separately Filing Status

  • 10% on the income between $0 and $8,025
  • 15% on the income between $8,025 and $32,550; plus $802.50
  • 25% on the income between $32,550 and $65,725; plus $4,481.25
  • 28% on the income between $65,725 and $100,150; plus $12,775.00
  • 33% on the income between $100,150 and $178,850; plus $22,414.00
  • 35% on the income over $178,850; plus $48,385.00

Head of Household Filing Status

  • 10% on the income between $0 and $11,450
  • 15% on the income between $11,450 and $43,650; plus $1,145.00
  • 25% on the income between $43,650 and $112,650; plus $5,975.00
  • 28% on the income between $112,650 and $182,400; plus $23,225.00
  • 33% on the income between $182,400 and $357,700; plus $42,755.00
  • 35% on the income over $357,700; plus $100,604.00

Single

  • 10% on the income between $0 and $8,025
  • 15% on the income between $8,025 and $32,550; plus $802.50
  • 25% on the income between $32,550 and $78,850; plus $4,481.25
  • 28% on the income between $78,850 and $164.550; plus $16,056.25
  • 33% on the income between $164,551 and $357,700; plus $40,052.25
  • 35% on the income over $357,701; plus $107,791.75

 

 

 

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