At PACE & WOOTEN, PA we strive to provide our clients with relevant and useful information.  As part of this service, we provide a monthly newsletter to keep our clients up to date on recent tax law changes and updates that might affect your personal and business planning decisions.  In addition to the Newsletter, we also provide a News section on our website to keep clients updated on relevant information.

12/6/2011 - American Payroll Association Checklist:  Follow this link to review a checklist published by the American Payroll Association, which we received from Thomson Reuters Newstand, in order to assist you with year end payroll planning.

9/6/2011 - Hurricane Irene Update:  Due to the recent damage in our area caused by Hurricane Irene, we have put out a special newsletter in addition to our monthly newsletter.  Please click here to view this newsletter.

6/28/2011 - New Standard Mileage Rate:  IRS announced as recently as last month that they had no plans to change the standard mileage rate; however, they have now announced the rate will increase (to 55.5 cents per mile) starting on July 1.  Click here to see the full article.

3/15/2011 - What are your Chances of Audit?  IRS has released the latest data on tax return audits.  Use this link to view a summary of the information compiled by RIA.

10/12/2010 - EFTPS E-MAIL SCAM: We have seen several e-mails sent out claiming to be from EFTPS.  These e-mails are a scam.  This is straight from www.EFTPS.gov : "Remember! EFTPS values your privacy and security and will never attempt to contact you via e-mail. If you ever receive an e-mail that claims to be from EFTPS or from a sender you do not recognize that mentions a payment made through EFTPS, forward the e-mail to phishing@irs.gov or call the Treasury Inspector General for Tax Administration at 1.800.366.4484."  Please use this link to see a sample e-mail.

9/21/2010 - North Carolina has a sales tax holiday coming up!  November 5-7, 2010 will be a tax free weekend for certain Energy Star purchases.  Please use this link to see which items qualify to make sure you don't miss out on this opportunity!

8/20/2010 - Click here to read about the origin of the IRS as well as a brief history on the agency.  In 1913 Form 1040 was 3 pages long and consisted of only 1 page of instructions.  Click here to view the Form.

6/23/2010 - There are many situations that arise in tough economic times that you may not have dealt with before the downturn.  The IRS discusses some of these "What If" situations on their website.  Follow this link to review them.

4/18/2010 - Congratulations to Brad & Tiffany Wooten!  Brad's wife, Tiffany, gave birth on 4/18/2010 to their first child - Zaccheus Bradford Wooten.  He weighed 7 pounds 6 ounces and was 20.5 inches long.  Click here to see a picture!

3/17/2010 - IRS released its annual list of scams to beware of.  Click this link to see all 12.  www.irs.gov/newsroom/article/0,,id=220238,00.html


1/29/2010 - In an effort to increase savings and retirement funds, taxpayers can now use their tax refunds to purchase U.S. Series I Savings Bonds. Refunds can be split as well, with part going to your checking account and part going to purhcase Savings Bonds. For more information use this link.  http://www.irs.gov/newsroom/article/0,,id=217791,00.html


1/26/2010 - IRS explains that some donations made for Haiti relief in 2010 may be deductible on 2009 tax returns.  Use the following link for full details.  www.irs.gov/newsroom/article/0,,id=218678,00.html


1/25/2010 - The IRS reminds taxpayers of scams that impersonate the IRS or U.S. Department of the Treasury.  Use the following link to see tips on avoiding scams as well as frequent or recent scams the IRS is aware of.  www.irs.gov/newsroom/article/0,,id=217794,00.html


11/20/2009 - Use the following link to view the IRS information center and review available tax benefits for education.
www.irs.gov/newsroom/article/0,,id=213044,00.html


10/05/2009 - North Carolina Department of Revenue has announced that residents can save money on select Energy Star-rated appliances during the state's second annual Energy Star sales tax holiday.  For 2009 the dates are Friday, November 6 through Sunday, November 8.  For more information click the following link.  www.dornc.com/taxes/sales/energystar_holiday.html


09/29/2009 - On Sept. 17, 2009, IRS issued News Release IR-2009-83 to remind potential homebuyers that the deadline for the First-Time Homebuyer Credit is approaching. Please follow the link to the IRS website for more details about the available credit.  www.irs.gov/newsroom/article/0,,id=213375,00.html


09/24/2009 - Recently the IRS established an official YouTube channel of the Internal Revenue Service. This channel features videos produced by the IRS on various tax administration topics.  Some current topics include the First-Time Homebuyer Credit, Education Credits, and the Making Work Pay Credit.  Follow the link to find out more and to browse their page.  www.youtube.com/user/irsvideos