Please call to discuss any items that you might have questions on  Feel free to forward this to other friends or business associates.

 Happy Holidays!   

 

Brad M. Capland, CPA, P.C.

January 2011

In this issue:

America Gets a Raise

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:

Check

January 15th:
4th quarter estimated tax payment due

Check

Action Items:

  • Start gathering 2010 tax information
  • Review
    2011 W-2 withholdings
  • Set 2011 financial goals

 

 America Gets a Raise

America Gets a RaiseAs 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 ChangesWhat You Should Know

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

Read More

 2011 Mileage Rates

Standard Mileage Rates

Mileage

2011 Rate/Mile

Business Travel

51.0¢

Medical/Moving

19.0¢

Charitable Work

14.0¢

Mileage Rates

 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...

Read More

This publication provides summary information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here. All rights reserved.

This email was sent 1/7/2011 by
Brad M. Capland, CPA, P.C.
Certified Public Accountant & Consultant
2250 Main Street, Suite 3
Concord, MA 01742
brad@bradcapland.com
Phone: (978) 371-8000

www.bradcapland.com