Currently, our company sign on Hamilton Boulevard reads “Plan your 2014 taxes now”. The truth is, taxes aren’t going anywhere but up so the best thing you can do is learn your options and make a plan.Continue

Our renovation dust is soon to settle. We are pleased to announce a new office for the “accountants you like as much as you trust.”

Werner & Co. is moving to our historic new home on September 1st. It’s in Wescosville, on Hamilton Boulevard near Brookside Road. We’re so excited that we’ve already signed in! (see photo) We love this building. The architecture is interesting – a mid-19th Century church, in fact. We completely renovated it, and our architects (Bonsall Shafferman) designed a great interior.

We’re moving soon. The handwriting is on the wall!

The building is historic, but also new. Even the signage treatment on the outside of the building is an interesting blend of old and new aesthetics. That echoes our own special blend of old school values and new school methods.

We expect our new office to serve our clients and ourselves (plus a tenant, Express Sign Outlet Inc) very well. We hope that you will enjoy it as much as we do. Come visit. Bring friends. Bring new clients! Tours depart hourly.

Look for an invitation to our Open House in a few weeks.

The Internal Revenue Service issued optional standard mileage rates used to calculate the deductible costs of operating automobiles, vans and trucks for business, charitable, medical or moving purposes.  The 2014 rates for business, medical and moving are down 0.5 cent per mile.

A taxpayer may not use the standard mileage rate for a vehicle after using the Modified Accelerated Cost Recovery System (MACRS) depreciation method or after claiming Section 179 deduction on that vehicle.  In addition, the business standard mileage rate may not be used for any vehicle used for hire or for more than four vehicles used simultaneously.

Taxpayers always have the option of calculating the actual costs of using their vehicles rather than using the standard mileage rate.   Actual costs would include gasoline, oil, repairs, insurance, maintenance and depreciation of the purchase cost.   Use of the standard mileage rate in the first year of business use is considered an election to exclude the vehicle from MACRS depreciation.

We recommend that you keep a daily log of the travel and expenses for each of your automobiles to document such income tax deductions.   The IRS tax forms ask if you have written records of your mileage and if you’re ever audited you can be sure the IRS examiners will ask the same.  If you would like more details and advise, please call us 610.770.9236 or send us a message info@wernercpa.net.

Are you still doing your taxes on paper? If so, join the 122 million taxpayers who e-filed last year. It’s fast, it’s easy and it’s free.

Here are five great reasons why you should e-file your tax return:

• Accurate and complete. E-file is the best way to file an accurate and complete tax return.The tax software does the math for you, and it helps you avoid mistakes.
• Safe and secure. IRS e-file meets strict guidelines and uses the best encryption technology. The IRS has safely and securely processed more than 1.2 billion e-filed individual tax returns since the program began.
• Faster refunds. E-filing usually brings a faster refund because there is nothing to mail and your return is less likely to have errors, which take longer to process. The IRS issues most refunds in less than 21 days. The fastest way to get your refund is to combine e-file with direct deposit into your bank account.
• Payment options. If you owe taxes, you can e-file early and set an automatic payment date anytime on or before the April 15 due date. You can pay by check or money order, or by debit or credit card. You can also transfer funds electronically from your bank account.
• E-file’s easy. You can also use commercial tax software or have us e-file your return. We have been e-filing tax returns since 2006. We would be happy to sit down with you and discuss your tax circumstances and help save where possible.

TAX ADVICE DISCLAIMER: In accordance with IRS Circular 230, any tax advice included in this communication, including attachments, is not intended or written to be used, and cannot be used by you or any other person or entity, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions, nor may any such advice be used to promote, market or recommend to another party any transaction or matter addressed within this communication. If you would like such advice, please contact us.