Janet B. Bell, CPA

 

 

Welcome to Janet B. Bell, CPA website! The firm specializes in tax preparation and tax planning for individuals, payroll processing, small businesses and trust/estate with a focus on personal service.

Whether you are new to this site, or returning for a visit, I hope to provide you with timely and valuable information. As your business partner, I understand your need to save time and will work with you to find effective solutions for your business needs. I strive to build and maintain long-lasting business relationships, and this website is an extension of my commitment to you.

Please feel free to contact the office for additional information about the firm and the services offered, or to make suggestions regarding the website. I look forward to speaking with you soon.

UPDATED IRS mileage rates for 2014

The IRS released standard mileage rates for use in 2014. For business use of an automobile, the rate is 56 cents per mile. For medical or moving expenses, it is 23.5 cents per mile. For services to charitable organizations, the rate (which is set by statute) remains at 14 cents per mile.

Rather than using the standard mileage rates, taxpayers may instead use their actual costs if they maintain adequate records and can substantiate their expenses. The rules for substantiating these amounts appear in Rev. Proc. 2010-51. 

 
UPDATED NJ Taxable Wage Base (UI/DI/FLI) for 2014 
 

Effective for 2014, the taxable wage base for computation of unemployment insurance and disability insurance is $31,500 and the rates for employee withholding is 0.3825% for UI, 0.38% for DI, 0.0425% for WF and 0.10% for FLI. The combined withholding rate will be 0.905% on the first $31,500 of wages for a maximum withholding of $285.08