2009 Standard Mileage Rates

The IRS announced the following 2009 standard mileage rates to calculate the deductible costs of operating a car, van, pickup, or panel truck for business, charitable, medical or moving purposes.

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

Taxpayers have the option of calculating the actual costs of using a vehicle rather than using the standard mileage rates. Be aware that the standard mileage rate cannot be used for a vehicle after using a depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction.

Frugality - get used to it

I read a great article in Yahoo news titled "The New Frugality: Americans return to thriftiness" by Dan Sewell. The article states that a recent WSL Strategic Retail survey detected a "savings is cool" culture is developing with more than half of the people polled agreeing in taking pride in the ways they've found to save money. With the economy still headed in a downward direction, we better get used to being frugal. The buy now, pay later era is pretty much over. We need to learn to live within their means. Fortunately, my wife I saw signs of the downturn months ago and got our budget in order. We've quickly learned to say no to impulse buying and now plan a good portion of our purchases. One example is that I've created a grocery price book that has helped us reduce our monthly grocery costs while actually increasing the stockpile of our pantry and freezer. Another example is that we were in need of a dresser for my son's bedroom. My wife kept a daily watch on Craiglist for a couple of weeks and found a great deal.

Warrior Accounting's New Website

The Warrior Accounting website has gone through a complete overhaul.

Here are some of the new features we think you'll like:

FREE REPORTS
We have many free reports on our site. The reports are easy to read and are broken down into these 12 categories.

Personal Tax Saving Strategies
Avoiding Tax Troubles
Saving For College
Retirement Planning
Wealth Accumulation Strategies
Estate Planning
Business Tax Saving Strategies
Starting A Business
Running Your Business
Growing Your Business
Securing Business Loans
Selling / Exiting Your Business
Take a look for yourself by clicking on this link:
http://www.warrioracs.com/reports.html


SUBSCRIBE TO OUR FREE NEWSLETTER
By subscribing to our FREE newsletter, each month you'll receive 3 new articles designed to help
you achieve your financial goals. To subscribe, please click on this link: http://www.warrioracs.com/newsletter.shtml


INTERACTIVE FINANCIAL CALCULATORS
You can run "what if" scenarios with our interactive financial calculators. For example you can...

Estimate your annual income tax refund or liability.
Analyze the effectiveness of direct marketing campaigns.
Find out how much Life Insurance you need.
Balance your checkbook.
Find the best repayment options to pay off your credit card balance.
Determine how much you need to save each month to pay for your children's college education.
Find out how big of a mortgage you can afford.
And many more.
Try our interactive financial calculators by clicking on this link: http://www.warrioracs.com/calculators.html


SECURE FILE TRANSFER
Are you a current client and need a previous years tax return in a hurry? No problem! We can post it on a secure section of our web site and give you a password so only you can access the file. Then you can print your return right from the site.


TAX FORMS
You no long have to take that trip to the post office or the IRS. You can quickly print the latest tax forms including W4's and I9's.