Archive for December, 2012

Cost of Living Adjustments for 2013

Wednesday, December 12th, 2012

          2012           2013 401(k), 403(b) and 457 Deferral Limit $17,000 $17,500 401(k), 403(b) and 457 Catch-up Contribution $5,500 * $5,500* SIMPLE Deferral Limit $11,500 $12,000 SIMPLE Catch-up Contribution $2,500 * $2,500* Annual Compensation Limit $250,000 $255,000 Defined Contribution 415 Limit $50,000 $51,000 Defined Benefit 415 Limit $200,000 $205,000 Dollar Limit for Highly Compensated Employees […]

Standard Mileage Rates for 2013

Monday, December 10th, 2012

The Internal Revenue Service has issued the 2013 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2013, the standard mileage rates for the use of a car (van, pickup, or panel truck) will be: Business travel 56.5¢ Medical/moving 24¢ […]

Deadline Reminders – What’s due December 20, 2012

Thursday, December 6th, 2012

The following items are due by Thursday, December 20, 2012. For Businesses: New York State Sales Tax Return for Monthly Filers Due New York State Sales Tax Return for Quarterly Filers Due

Deadline Reminders – What’s due December 17, 2012

Monday, December 3rd, 2012

The following items are due by Monday, December 17, 2012. For Businesses: Deposit payroll tax for Nov if the monthly deposit rule applies. Deposit the fourth installment of your estimated tax for 2012. New York State Corporation Tax Estimated Tax Payments for Calendar Year Filers Due