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JFB understands that excellent financial management for your business is crucial to your success. We have extensive experience in providing sophisticated tax planning, tax returns preparation, compliance and audit representation. In addition, we have vast experience in providing financial management consulting services.
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Helpful Tips From JFB >>>
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| Things You Should Know: |
2009 |
2010 |
Business Mileage Rate
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55 Cents |
50 Cents |
| 401(K) Contribution Limit |
$16,500 ($22,000 +50) |
$16,500 ($22,000 +50) (No Chg) |
| IRA Contribution (Traditional & Roth) |
$5,000 ($6,000 +50) |
$5,000 ($6,000 +50) (No Chg) |
| Simple Contribution |
$11,500 ($14,000 +50) |
$11,500 ($14,000 +50) (No Chg) |
| Social Security Wage Limit |
$106,800 |
$106,800 (No Chg) |
| Social Security Earnings Limit (>65) |
$14,160 |
$14,160 (No Chg) |
| Annual Gift Limit |
$13,000 |
$13,000 (No Chg) |
| Personal Estate Exemption |
$2 Million |
$2 Million (No Chg) |
| Kiddie Tax Threshold |
$1,900 (Age 19-24 If F/T Student) |
$1,900 (Age 19-24 If F/T Student) |
| Hope Tax Credit |
$2,500 |
$2,500 (Law Changes) |
| Section 179 Limit |
$250,000 |
$250,000 (Law Changes) |
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