Monthly Archives: November 2012

Ethics

Posted on November 27, 2012 by Lisa W. Hull

I got my “ethics booster” a couple of weeks ago.  Due to the accounting profession taking a number of hits to public trust in recent years, Texas requires all currently licensed CPAs to have a four-hour ethics course every other … Continue reading →

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2013 Standard Mileage Rates

Posted on November 26, 2012 by Lisa W. Hull

The IRS issued the 2013 standard mileage rates last week.  Beginning on January 1, 2013, the standard mileage rates for the use of an automobile will be: 56.5 cents per mile for business miles 24 cents per mile for medical … Continue reading →

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IRA Contribution Limits Increased

Posted on November 24, 2012 by Lisa W. Hull

The IRS announced on October 18, 2012 cost of living adjustments applicable to dollar limitations for IRAs and other retirement plans.  For 2013, the IRA contribution limit is $5,500, up from the 2012 limit of $5,000.  The catch up contribution … Continue reading →

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Christmas spending

Posted on November 20, 2012 by Lisa W. Hull

With Christmas right around the corner, I thought this would be a great time to talk about Christmas spending.  We are all familiar with the typical advice: review last year’s expenses, prepare a budget, and avoid using credit cards.  Great … Continue reading →

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Tax Changes in 2013

Posted on November 18, 2012 by Lisa W. Hull

I attended a brief continuing education presentation last week about some of the current developments in taxation. Most of the changes involve the expiration of the so-called Bush tax cuts. Without action by Congress prior to the end of 2012, … Continue reading →

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