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The Whitlock Company News Update              
July 6, 2011
Taxes

Services-TaxIRS Increases Business Mileage Rate

 

Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates for business, medical or moving expenses. Effective July 1, 2011, the rate for business use of an automobile will be increased from 51 cents to 55.5 cents per mile. Read more...

Taxes

Services-TaxStay Within Tax Rules When Combining Business and Personal Travel

 

Whether for a day, a week or longer, many of the costs associated with business trips may be tax-deductible. The tax code includes a myriad of rules designed to prevent abuses of tax-deductible business travel. One concern is that taxpayers will disguise personal trips as business trips. Read more...

Taxes

Services-TaxCheck Status of a Charity Before Making a Contribution 

 

Americans donate hundreds of millions of dollars every year to charity. It is important that every donation be used as the donors intended and that the charity is legitimate. The IRS oversees the activities of charitable organizations. Read more...

Taxes

Services-TaxLatest IRS Statistics Reveal Typical Profile of High Income Individuals

 

The trend in recent increases in numbers of federal individual income tax returns reporting incomes of $200,000 or more has reportedly hit a speed bump. The IRS reports a 3.5 percent drop in the number of individual returns reflecting income of $200,000 or more. Read more...
Media and Resources
The Media and Resources page on our website includes Whitlock Resources that provide links to:

Info Center-Includes tax event calendar, tax forms library and IRS Tax Publications library

Financial Tools-Includes various financial planning tools, calculators and spreadsheets

Newsletter-Additional tax articles and analysis

Archives - Read more from past newsletters

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A Special Notice

Construction at our building
Please note our building is currently under construction. You will find 'customer only' parking spots on the south side of our lot and continue to use the south or east entrance. Let us know if you encounter any problems.
About Us
Small logoThe Whitlock Company is a full-service CPA firm offering a range of professional tax, audit, accounting and managment advisory services to the following industries:Community Banking, Manufacturing and Distribution, Not-For-Profits, Higher Education and more. For more information, please contact us.

We appreciate your referrals. If you know of a company, organization or individual who may benefit from our services, please let us know.