Monthly Archives: June 2011

Optional Standard Mileage Rates

The Internal Revenue Service announced an increase in the standard mileage rate used to calculate the deductible cost of operating a car for the second half of the year. The rate will be 55.5 percent per mile for all business miles driven from July 1 through December 31, 2011. This is an increase of 4.5 […]

Early Tax Planning for 2011

Short-term Tax Planning Strategies that May Help You Save on Your Taxes No one knows what future tax rates, deductions, and credits will be, so how can we help you develop a plan to minimize your federal income taxes when there are so many uncertainties? Last December Congress approved several short-term tax breaks. Contryman professionals […]