Tax Information Florida MINIMUM WAGE CHANGE EFFECTIVE JUNE 1, 2011 $7.31 per hour                     Tipped employees $4.29 JULY 24, 2009-MAY 31, 2011 $7.25 per hour                Tipped employees $4.23 MILEAGE RATE EFFECTIVE JANUARY 1, 2011 - 51 CENTS PER MILE (BUSINESS)                              EFFECTIVE JULY 1, 2011 - 55.5 CENTS PER MILE (BUSINESS)                                                                                23.5 cents per mile (medical and movings)                                50 CENTS PER MILE  for Business - all of 2010 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.

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.   Maximizing Business Transportation Expense Deductions The costs of commuting from a personal residence to places of business or employment generally are nondeductible personal expenditures. The deduction for commuting costs is disallowed regardless of the distance involved.   Tax Aspects of Becoming Self-employed Individual taxpayers are opting to start their own businesses for myriad reasons. Regardless of why you?re contemplating self-employment, you should consider several basic tax-related issues before and immediately after actually leaving your current job.