Personal Tax Services
Tax preparation and planning for the small business owner must be coordinated with her personal return. Please review the individual tax preparation services and support resources that we provide.

Basic Rates and Limits
A few significant rates and limits for 2009 are listed below:

• Business equipment expense deduction = $250,000
• Standard mileage rate = 55.0 cents/mile
• Profit Sharing (SEP-IRA) Contribution Limits – 25% of compensation up $49,000
• 401(k) Employee Contribution Limit - $16,500 with additional $5,500 for over age 50
• Base corporate tax rates are 15% of the first $50,000 then 25% of the next $25,000.

Links to Other Resources

QuickBooks®
Compare the Various QuickBooks® products or examine the available add-ons, including checks, forms, and other supplies.
Financial Calculators
Numerous loan, savings, retirement, tax, and Financial Calculators can be found at this location.
IRS Tax Updates
Tax laws are constantly changing. The IRS summarizes tax information for businesses of various sizes.
State of Illinois Business Sites
• Illinois Business Service Center - The Business Service Center provides you with the information you need to run a business in Illinois. Whether you want to start a business or are looking to expand, you will find step-by-step information to assist you.
• IL Dept. of Financial and Professional Regulation - Professionals seeking to work in Illinois must first receive, and properly complete, an application for license.
• Illinois Department of Employment Security - Your direct link to Illinois workforce services: job placement and referrals, unemployment insurance, employment and training programs, career and labor market information, payroll tax filing, and more!