DURHAM:
Westgate Plaza Office Park
3500 Westgate Drive, Suite 201
Durham, NC 27707
Phone: 919-416-8815
Fax: 919-797-0519
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MEBANE:
204 W. Ruffin Street
Mebane, NC 27302
Phone: 919-304-2620
Fax: 919-304-3620 |
| customerservice@joewrenncpa.com |
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| Accounting
and Tax Facts
- The 2024 mileage rate is now 67 cents per mile.
- The 2024 IRA contribution limits are $7,000 for most taxpayers and $8,000 for taxpayers 50 years old or older. Both limits are dependent upon income levels.
- Long-Term Capital Gains and Qualified Dividends tax rates are generally 15% for 2024 with some exceptions for low income and high income taxpayers.
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We prepare Corporation (1120), S-Corporation (1120S), LLC (1065), and Partnership (1065) tax
returns using the most current tax law and IRS tax codes
to minimize your taxes and maximize your cash flow. We
also consult with each business owner in order to determine
the best business entity for your organization. |
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We prepare Individual (1040) tax returns using the most
current tax laws in order to maximize your deductions
and minimize your income taxes. We have clients from many
states and we
are authorized to prepare income taxes in all states. |
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We can prepare compiled or reviewed financial statements for use by management, banks, and investors. These financial statements include a Balance Sheet, Income Statement, and Statement of Cash Flows. We also take time to explain these financial statements and train the user how to evaluate them. |
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We provide monthly accounting or bookkeeping services for our clients that are too busy building successful businesses to spend their time with these tasks. Our philosophy is to help relieve the business owner of these accounting tasks so that he or she can spend time on more important duties such as developing and managing the company. |
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We can help relieve the payroll and payroll tax reporting burden. This includes preparing weekly, bi-weekly, or monthly payrolls, preparing monthly and quarterly payroll tax reports such as 941, 940, Employment Security Commission reports, and state income tax withholding reports. We also prepare the annual W2's and 1099's. We have relationships with payroll service companies such as Paychex, ADP, and we would be glad to introduce you to one of these services at your request. |
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We can help your
business with the software implementation
and training. We can save your company
money by reducing the number of hours that you and your
staff would spend on learning these software packages
by using our numerous years of experience. |
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