The professionals at Delman & Company Certified Public Accountants stay abreast of changing tax laws in order to assist our clients in all tax matters. Whether a large corporation, a small business or an individual seeks our services, our qualified personnel are equipped to come up with the best solutions for the client. Just a sample of our services includes: income tax preparation, estate tax and gift tax returns, income tax, retirement and estate tax planning and representation before government tax agencies. After all, it's not what you earn, but what you keep.
If you are a high-income, successful individual concerned about maximizing your after-tax wealth, we can not only increase what you keep but also put it to work for you! Take control of your finances through timely business and wealth planning.
Individual tax estimates are due for 2011. Do you need any updated tax planning for 2011 based on the most recent tax changes?
2011 business mileage rate from the IRS is 51 cents until 6/30 and 55.5 cents per mile from 7/1 to 12/31.
Sales Tax rate drops 1 cent per dollar on 7/1, in Guilford County that would be a drop from 7.75 cents to 6.75 cents per dollar!!
Recent legislation passed by the NC General Assembly preserves the deduction on NC 529 contributions for all North Carolinians, regardless of income. Adjusted gross income limitations scheduled to return in 2012 on the state tax deduction for the NC 529 Plan have been eliminated. The maximum annual contribution deductible from NC taxable income remains the same at $2,500 (individual) or $5,000 (married, filing jointly).
Tax Freedom Day is that day of the year on which the average US taxpayers check stops going to pay Federal and Local taxes and starts going into his or her own pocket. In 2011, Tax Freedom Day arrived on April 12th, according to the Tax Foundation.
