Nuala McGee, CPA, PLLC

Thanks for your patience!

We are a few problems with our phone and fax lines. The phone company is slated to  be here at 8:00 AM Monday. If you need to telephone us feel free to contact us at (704) 236-7565, or shoot us an email.

Thank You!

Hi Folks!

Our Landlord has decided to close their operation, causing all of the tenants here to relocate.

We have been very fortunate and are happy to announce we have secured a 3 year lease at

5970 Fairview Road

Suite 128

Charlotte, NC 28210

Standard Mileage Rates for 2013

R-2012-95, Nov. 21, 2012

WASHINGTON — The Internal Revenue Service today issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

56.5 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.

The rate for business miles driven during 2013 increases 1 cent from the 2012 rate. The medical and moving rate is also up 1 cent per mile from the 2012 rate.

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

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

These and other requirements for a taxpayer to use a standard mileage rate to calculate the amount of a deductible business, moving, medical, or charitable expense are in Rev. Proc. 2010-51. Notice 2012-72 contains the standard mileage rates, the amount a taxpayer must use in calculating reductions to basis for depreciation taken under the business standard mileage rate, and the maximum standard automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate plan.

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Our new South Park location! We will be up and ready to go January 1st 2013! We will be receiving mail there as of today. Happy New Years!

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Hello Folks!

We hope your Holiday Season is going well. Nuala and I are in the process of moving to another location. Our offices will be closed from Wednesday, December 12th until Tuesday December 18th. We still will be able to receive phone calls and have access to our email. If you need anything.

Unfortunately due to the Holiday season the renovations on our new offices will not be complete until closer to the end of the year. This means we will be working from our homes until the beginning of January. We will keep you all updated with the progress and let you know when we have moved in. Feel free to call us if you have any questions.