Welcome to Max & Pieters Certified Public Accountants
Max and Pieters, APC provides high quality relationship-oriented certified public accounting and tax services. We have always been committed to client service — we think it is what distinguishes us from other certified public accountants and tax preparers.
In more than 20 years of practice, we have seen the tools of our profession change from pencil and paper to computers and spreadsheets, while data transmission and Internet access have changed from phone modems to broadband.
We also have seen tax regulations change every year. But we know that client service and quality work will always be important. We welcome you to our web site, and we are pleased to offer our services to you or your business. |
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Please click a tab below to view important deadlines and amounts, current tax news, and our Google tax events calendar.
Tax Deadlines and Amounts, News & Events
Alternative minimum tax will continue to affect many more individual taxpayers this year. This means the prepayment of state tax or real estate tax by December 31 may not result in tax savings.
The social security wage base is $106,800 in 2011 and $110,100 in 2012.
The federal gift tax exclusion for 2011 and 2012 is $13,000.
IRS standard mileage rates are as follows:
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1/1/2011 - 6/30/11
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7/1/2011 - 12/31/11
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2012
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Business
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51.0¢
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55.5¢
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55.5¢
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Medical/Moving
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19.0¢
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23.5¢
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23.0¢
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Charitable
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14.0¢
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14.0¢
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14.0¢
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2011 and 2012 maximum contributions and limits to 401(k), pension plans, and individual retirement accounts (IRAs) are as follows:
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2011
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2012
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401(k)
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Maximum employee 401(k) contribution limit
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$16,500
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$17,000
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Catch up contribution limit (over age 50)
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$5,500
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$5,500
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Compensation Limits
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| Maximum annual compensation limits for determining benefits or contributions under a qualified plan |
$245,000
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$250,000
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SEP (Simplified Employee Pension)
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| Maximum annual defined contribution and maximum contribution to a SEP |
$49,000
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$50,000
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| SEP minimum compensation |
$550
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$550
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IRA (Individual Retirement Account)
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| Traditional IRA, non-deductible, or Roth IRA contribution limits |
$5,000
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$5,000
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| IRA catch up deferral (over age 50) |
$ 1,000
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$ 1,000
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SIMPLE IRA
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| Maximum employee deferral to a SIMPLE IRA |
$11,500
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$11,500
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| SIMPLE IRA catch-up deferral (over age 50) |
$2,500
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$2,500
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Click the links below for more details.
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Abbreviations & Taxpayer-Types Used in Calendar *
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ALL: All
BUS: Business
COR: Corporations |
EMP: Employers
EX: Exempt from withholding employees
IND: Individuals |
PAR: Partnerships
1Q, 2Q, 3Q, 4Q: First Quarter, Second Quarter, Third Quarter, Fourth Quarter
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| * Note: Form numbers appear in parentheses. |
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Tax return preparation procedures
