Tax Tacklers Blog for Taxes | Tax Preparation Phoenixville, PA - Part 2

Did You Know 2017

The safe withdrawal rate from savings in retirement of 4% is being challenged as interest rates remain low.

The S&P 500 has gained +285.4% (total return) from its 3/09/09 bear market low through the close of trading as of last Friday 11/25/16.

Our nation’s national debt was $18.922 trillion as of 12/31/15, a total that has reached $19.898 trillion as of Wednesday 11/23/16 (source: Treasury Department)

The 8/15/16 issue of Sports Illustrated predicted the final 4 teams in college football this season would be      Alabama, Clemson, Florida State and Michigan. 2 of the 4 teams made it to the final 4 (source: SI).

 

Happy New Year to All!

I need to start this conversation with a huge thank you to my “client family” for your loyalty and patronage in 2016. Tax season can be tiring but seeing the familiar faces of long time clients return each year makes our job very rewarding. As always, our focus is on relationships and providing the best possible outcome through preparation and planning. Although change is in the air, there are very few tax changes this year, at least not yet. Tax simplification is on the agenda in Washington. We will have to wait and see what that brings but this may be a good opportunity to bring about positive change from an individual planning perspective.

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2016 Tax Numbers for Filing

TOP TAX RATE: 39.6%

PERSONAL EXEMPTION 2016: $4,050

STANDARD DEDUCTION 2016:

Married: $12,700  |  Single: $6,350 | HOH: $9,350

STANDARD MILEAGE BUSINESS:  .54 cents per mile in 2016

 

SmartCEO Magazine – CPA Awards

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Phoenix Tax Consultants was a finalist for the SmartCEO Philadelphia CPA & ESQ Awards for CPA firm. The full press release of winners and finalists from SmartCEO is here: Press Release from SmartCEO Magazine.

 

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Julie Brufke Wenger’s profile on SmartCEO’s finalist website.

Accounting Today Wealth Magnets 2014

We are proud to announce Phoenix Tax Consultants has been listed as one of the Wealth Magnets 2014 by Accounting Today!