Kesner, Godes & Morrissey, LLC

2010 Standard Mileage Rates

admin — Fri, 04 Dec 2009 13:59:21 +0000

The IRS has just released the 2010 standard mileage rates that can be used to calculate the deductible expense of using an auto for business, charity, medical or moving purposes.

Effective January 1, 2010 the standard mileage rates are:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

These new rates are lower than the 2009 standard mileage rates (except for the charitable mileage which stays the same) which are:

55 cents per mile for business miles driven
24 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

Congress Mandates Electronic Filing

admin — Sun, 08 Nov 2009 19:36:35 +0000

Congress has passed a bill that would require electronic filing by all return preparers “except those who neither prepare nor reasonably expect to prepare ten or more individual income tax returns in a calendar year.” The new law goes into effect for returns prepared after Dec. 31, 2010.

The new ruling applies to returns for estates and trusts as well as individuals.

Kesner, Godes & Morrissey has participated in the e-filing of tax returns for several years now and encourages all of their clients to file electronically.

Massachusetts Increases Sales and Meals Tax to 6.25%

admin — Wed, 04 Nov 2009 15:38:39 +0000

Effective August 1, 2009, the Massachusetts sales tax is 6.25 percent of the sales price or rental charge of tangible personal property or certain telecommunications services sold or rented in the Commonwealth. This is an increase from the old rate of 5%.

Office Info:

admin — Tue, 03 Nov 2009 16:00:29 +0000

Our office address, phone number, fax number and hours of operation all in one convenient location.

Address:

Kesner, Godes & Morrissey, LLC
15 Pacella Park Drive, Suite 200
Randolph, MA 02368

Phone: (781) 961-2900

Fax: (781) 961-2929

Office Hours:

Monday – Friday 8:30 AM – 4:30 PM

Directions:

admin — Mon, 02 Nov 2009 18:14:33 +0000

Use the following driving directions to our office or use the Google map below to customize your route.

Directions

Take the RT-28 S exit- EXIT 5A- toward RANDOLPH. 0.2 miles
Merge onto MA-28. 0.3 miles
Turn LEFT onto RUSS ST. 0.1 miles
Turn RIGHT onto LAVALLY RD. <0.1 miles
Stay STRAIGHT to go onto DENNIS AVE. <0.1 miles
DENNIS AVE becomes PACELLA PARK DR. 0.7 miles
End at 15 Pacella Park Dr, Suite 200, Randolph, MA 02368-1755

Interactive Google Map:

View Larger Map

Client Resources:

admin — Sun, 04 Oct 2009 13:50:56 +0000

Easy access to blank forms such as our annual tax organizer and links to various online calculators and other useful resources.

Links to Kesner, Godes & Morrissey forms:

As soon as our 2009 tax organizer is available there will be a link to it here!

ShareFile client setup instructions – PDF

Links to some common IRS forms:

2009 Form W-4: Employee’s Withholding Allowance Certificate – PDF

2009 Form W-9: Request for Taxpayer Identification Number and Certification – PDF

2009 Form 1040: U.S. Individual Income Tax Return – PDF

2009 Form 1099-MISC: Miscellaneous Income – PDF

Apply for a new Employer Identification Number (EIN) – LINK

Links to some common Massachusetts forms:

Form 1: Massachusetts Resident Income Tax Return – PDF

Form 1-NR/PY: Nonresident or Part-Year Resident Income Tax Return – PDF

WebFile for Business – LINK

Web Services for Income – LINK

Certificate of Good Standing (must be completed online) – LINK

Links to some useful website tools:

Paycheck calculators at PaycheckCity – LINK

Mortgage calculators at Bankrate.com – LINK

News and Updates:

admin — Fri, 02 Oct 2009 13:55:47 +0000

Timely news and information from the world of tax and accounting as well as upcoming tax due dates and reminders.