67 Birch Point / P.O. Box 580
Milbridge, ME 04658
ME Phone: (207) 546-3991 Fax: (207) 546-3992
PA Phone: (215) 799-0453 Fax: (215) 257-3251

 

In this issue:

A Sneak Peek at 2011 Tax Rates

Extensions & Changes What You Should Know

Is Cell Phone Insurance a Good Deal?

Estate and Gift Taxes
Still Up in the Air?

 

Due This Month:

January 15th:
4th quarter estimated tax payment due

Action Items:

 

Member of the National Association of Tax Professionals

 America Gets a Raise

America Gets a Raise

As part of the Tax Relief Act of 2010, Social Security tax rates will be lowered by two percent. The employee-portion of Social Security taxes will be reduced from 6.2% to a temporary rate of 4.2% for 2011 only...

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 A Sneak Peek at 2011 Tax Rates

2011 Tax RatesIndividual Tax Rates Remain the Same: The passage of the 2010 Tax Relief Act retains the current tax rates through 2012...

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 "Extensions" and Changes

Extensions and ChangesWhat You Should Know

With massive legislative changes over the past nine months, outlined here are five key things you should know...

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 2011 Mileage Rates

Standard Mileage Rates
Mileage
2011 Rate/Mile
Business Travel
51.0¢
Medical/Moving
19.0¢
Charitable Work
14.0¢

 Is Cell Phone Insurance a Good Deal?

Cell PhonePerhaps you received a new cell phone for Christmas. One with new 4G technology and a great data plan. Replacement costs for these new phones can run in the mid to high $100s...

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 Estate and Gift Taxes

Estate TaxStill Up in the Air?

For the next two years (through 2012), the Tax Relief Act re-instates the estate tax after a one-year reprieve during 2010...

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