Accounting and Tax Facts

• The 2007 mileage rate is 48.5 cents per mile.
• The 2008 mileage rate is 50.5 cents per mile.
• The 2007 IRA contribution limit is $4,000 for most taxpayers.
• The 2008 IRA contribution limit is $5,000 for most taxpayers.
• Personal and dependent exemption amount is $3,300.
• Capital Gains maximum tax rate is 15%.

Joe Wrenn, CPA - NC Certificate #19455

Joe has over 20 years of combined experience in both public and corporate accounting. He has over 13 years of experience in public accounting with clients ranging from 1-employee and $30,000 annual revenues to companies with 500 employees and $80 million annual revenues. He also has over 7 years of experience in corporate accounting where he was the Corporate Controller for a company that increased revenue from $39 million to $70 million during his term.

Joe is a long-time member of the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA), The Mebane Business Association and the Chamber of Commerce.

Joe has also served as an officer and on the board of directors for Business Network International (BNI), The Mebane Business Association, and the Jaycees.

Mickey Ferguson, CPA – NC Certificate #17402

Mickey has over 20 years of combined experience in both public and corporate accounting. He has over 15 years of public accounting experience with a variety of clients including individuals, sole proprietors and multi million dollar corporations.

He has 7+ years of corporate experience as both a Controller and Operations Manager. Mickey’s corporate experience includes both the food industry and the plastics industry in a manufacturing environment.

He is a long time member of the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA). He is also a financial instructor at his church and serves as a member of finance committee.