Welcome to the Williams & Olds website. Our firm was founded and is managed by our two principals, James B. Williams, CPA and Steven J. Olds, CPA. Williams & Olds have been associated since 1985 in the practice of providing accounting, auditing, tax and consulting services to clients across a wide range of industries.

We have, however, developed unique expertise in the following specialized industries: agribusiness, construction and real estate development, employee benefit plans, health care, manufacturing, non-profit organizations, and retail and wholesale. We have significant experience in providing a comprehensive set of accounting services to small and medium size businesses.

Please browse the site, where you will find more information about our firm and a robust section of resources for clients.

Williams & Olds CPAs
900 University Ave., Suite 100
Sacramento, CA 95825

Phone: 916.858.1680
Fax: 916.858.1055

Optional Milage Allowance

IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will increase 4.5¢ from 51¢ to 55.5¢ per mile for business travel from July 1, 2011 to Dec. 31, 2011 to better reflect the real cost of operating an auto in this period of rapidly rising gas prices. This rate can also be used by employers to reimburse tax-free under an accountable plan employees who supply their own autos for business use, and to value personal use of certain low-cost employer-provided vehicles. The rate for using a car to get medical care or in connection with a move that qualifies for the moving expense will also increase 4.5¢ for the last half of 2011 from 19¢ to 23.5¢ per mile..

Social Security wage base rises to $106,800 for 2009:

The Social Security Administration has announced that the wage base for computing the Social Security tax (OASDI) in 2009 rises to $106,800 from $102,000 in 2008... Read More

Nanny tax threshold increases to $1,700 for 2009:

On Social Security Online, the Social Security Administration has announced that for 2009, cash remuneration paid by an employer for domestic service in the employer's private home isn't FICA wages if... Read More

Retirement plan dollar limits increase for 2009:

Elective deferrals. The limit on the exclusion for elective deferrals described in is increased from $15,500 to $16,500... Read More

NEWS ARCHIVE 2008