JMF Accounting Audit Tax Blog

Carl T. Jamison elected First Vice Chairman of the Business Council of Alabama

1/25/2012 JamisonMoneyFarmer PC is pleased to announce the following: Carl T. Jamison named First Vice Chairman of the BCA Board of Directors. The board of directors of the Business Council of Alabama has elected one of JMF's shareholders, Carl T. Jamison, as first vice chairman of the organization. In his capacity as first [...]

By |2017-05-18T22:55:14+00:00January 24th, 2012|News & Events, Press Releases|0 Comments

Tax Time! 2012 Tax Pocket Guides Available

Get started on the right path in planning your best strategies for minimizing taxes in 2012.  Below is access to a guide that will help you find ways to benefit your retirement, family and heirs by being pro-active in your planning. We are always here to help answer questions and keep you informed of any [...]

Webinar offered: “Navigating the German and Foreign Owned Auto Manufacturing & Supply Business

If you operate a business serving the specialized German and foreign owned automobile manufacturing & supply industry, you may be faced with management and international reporting requirements that are both unique and often challenging. This webinar offers specific practical guidance and insights for business financial executives serving the southeastern automobile manufacturing industry and was led [...]

QuickBooks 2012 Unrecoverable Error

QuickBooks 2012 is generating an unrecoverable error with some accountant copy transfers.  If you receive the error message "Unrecoverable Error 0000095431" or "0000068408", the approved fix is to continue to click send when prompted to send an error report.  The message will appear multiple times but the accountant changes are eventually imported.  QuickBooks is aware [...]

By |2015-06-05T19:12:06+00:00January 10th, 2012|News & Events, Payroll & Bookkeeping|0 Comments

Bonus Depreciation

Property that does not qualify for an immediate tax write-off under Section 179 may qualify for an increased first-year depreciation deduction under bonus depreciation rules. Unlike the Section 179 deduction, there are no restrictions on the amount of qualifying property and there is no taxable income limit. This deduction is equal to 100 percent of [...]

Section 179 Depreciation Deduction

   Instead of depreciating an asset over several years, Internal Revenue Code Section 179 allows the expensing of all or a portion of certain qualifying new and used assets in the year placed in service. There are limitations including a business taxable income limit. You cannot claim a Section 179 write-off that would create or [...]

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