“Life is not measured by the number of breaths we take, but by the moments that take our breath away"
- Unknown
Some retirement plan limits for 2008
IRA Deduction Limit ($4000. for 2007) $ 5,000
401(k) Maximum Exclusion (in general) $ 15,500
SIMPLE Contribution Limit $ 10,500
Catch-up contributions over age 49:
IRA $ 1,000
401(k) $ 5,000
SIMPLE Plan $ 2,500
Beginning Jan. 1, 2008, the standard mileage rates for the use of a car
(including vans, pickups or panel will be:
- 50.5 cents per mile for business miles driven;
- 19 cents per mile driven for medical or moving purposes; and
- 14 cents per mile driven in service of charitable organizations.
The new rate for business miles compares to a rate of 48.5 cents per mile
for 2007. The new rate for medical and moving purposes compares to
20 cents in 2007. The rate for miles driven in service of charitable
organizations has remained the same.
Company Events:
- Richardson & Company, P.C. will celebrate it's 20th anniversary this year. We would like to thank all of our clients for their confidence and loyalty.
Company Notes:
- We are pleased to annouce that Barbara Strachan has joined our firm as a Para-professional, we look forward to working with her.
- We are pleased to announce that Eric White CPA has joined our firm as a in-charge accountant, we look forward to working with him.
- We would like to congratulate Eric White for sucessfully completing Certification as a Quickbooks Pro-Advisor.
