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.

 

 

2009 Tax Rates

 

Married Filing Jointly or Qualifying Widow(er) Filing Status

  • 10% on the income between $0 and $16,700
  • 15% on the income between $16,700 and $67,900; plus $1,670.00
  • 25% on the income between $67,900 and $137,050; plus $9,350
  • 28% on the income between $137,050 and $208,850; plus $26,637.50
  • 33% on the income between $208,850 and $372,950; plus $46,741.50
  • 35% on the income over $372,950; plus $100,894.50

Married Filing Separately Filing Status

  • 10% on the income between $0 and $8,350
  • 15% on the income between $8,350 and $33,950; plus $835.00
  • 25% on the income between $33,950 and $68,525; plus $4,675.00
  • 28% on the income between $68,525 and $104,525; plus $13,318.75
  • 33% on the income between $104,525 and $186,475; plus $23,370.75
  • 35% on the income over $186,475; plus $50,447.25

Head of Household Filing Status

  • 10% on the income between $0 and $11,950
  • 15% on the income between $11,950 and $45,500; plus $1,195.00
  • 25% on the income between $45,500 and $117,450; plus $6,227.50
  • 28% on the income between $117,450 and $190,200; plus $24,215.00
  • 33% on the income between $190,200 and $372,950; plus $44,585.00
  • 35% on the income over $372,950; plus $104,892.50

Single

  • 10% on the income between $0 and $8,350
  • 15% on the income between $8,350 and $33,950; plus $835.00
  • 25% on the income between $33,950 and $82,250; plus $4,675.00
  • 28% on the income between $82,250 and $171,550; plus $16,750.00
  • 33% on the income between $171,550 and $372,950; plus $41,754.00
  • 35% on the income over $372,950; plus $108,216.00

 

 

 

Copyright © 2009. Willyoung & Company, PA . All Rights Reserved.

Hosted by Boltz Technical Marketing: www.Boltz-TM.com