Tax Information Florida MINIMUM WAGE CHANGE EFFECTIVE JULY 24, 2009 $7.25 PER HOUR                 TIPPED EMPLOYEES $4.23 MILEAGE RATE EFFECTIVE JANUARY 1, 2010 - 50 CENTS PER MILE 55 CENTS PER MILE  for Business - all of 2009 50.5 CENTS PER MILE for Business - January 1 thru June 30, 2008 58.5 CENTS PER MILE for Business - July 1 thru December 31, 2008 At Shepard Accounting & Tax Service, we know that an informed client is our best customer. And the Internet is a great education resource, with endless amounts of information just a click or two away. But sometimes it's nice to have help sorting through the virtual noise and clutter, so we've selected a few helpful articles for you to view. Check back often, for all the latest information on ways to manage your business and personal financial needs more effectively. Just click on the article titles below to view the complete text.

Borrowing from Your 401(k) Plan Individuals who participate in a 401(k) plan sometimes borrow from their plan.   Homebuyer Credit Extended and Expanded The First-time Homebuyer Tax Credit (Credit) allows new homeowners the opportunity to receive a tax credit of up to $8,000 to help them purchase a home. The Credit was originally set to expire on December 1, 2009, but was recently extended and expanded.   Working May Decrease Your Social Security Benefits Many taxpayers currently underemployed due to recent economic conditions may consider applying for social security retirement benefits earlier than they previously planned to supplement their income. But, continuing to work while receiving those benefits may cause their benefits to be reduced below the anticipated amount.