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Bobby M. Bragg

About Bobby M. Bragg

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So far Bobby M. Bragg has created 588 blog entries.

JamisonMoneyFarmer PC Welcomes Two New Shareholders, Dan Johnson and Jennifer Stripling

By |2023-01-26T16:43:51+00:00January 30th, 2023|News & Events, Press Releases|

Scott Goldsmith, the Managing Shareholder of JamisonMoneyFarmer PC (“JMF”) is pleased to announce the addition of Dan Johnson and Jennifer Stripling as new shareholders in the CPA firm. Both Mr. Johnson and Mrs. Stripling bring a wealth of experience and expertise to the team and will play a vital role in helping clients navigate the [...]

Alabama Unemployment Insurance Rate Changes with New Year

By |2023-01-05T15:28:15+00:00January 5th, 2023|Corporate & Partnership Tax, Entrepreneurs, News & Events, Payroll & Bookkeeping, Press Releases, SALT|

The Alabama Department of Labor has released its 2023 Tax Rate Notices in the last few weeks.  Since paper copies of these notices are no longer mailed, employers should log into their Alabama Department of Labor eGov account to access the 2023 rate notice. We have seen significant changes in the rates for 2023, so it [...]

2022 Year-End Tax Planning Letter

By |2022-12-05T21:28:45+00:00December 5th, 2022|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases, SALT|

Tax season is right around the corner, so we want you to be prepared.  As we typically do, we have created this year-end tax planning letter to assist you with certain tips that you should consider before December 31st. This is the time to reassess your overall tax picture for 2022 so you can maximize the tax [...]

New Estate and Gift Tax Thresholds for 2023

By |2022-11-01T20:11:22+00:00November 1st, 2022|Estate & Trust, Individual Tax, News & Events, Press Releases|

On October 18, the IRS announced a number of inflation adjustments for the 2023 tax year.  The tax year 2023 adjustments described below generally apply to tax returns filed in 2024, and two key changes affect estate and gift taxes. The annual gift tax exclusion is increasing from $16,000 per recipient to $17,000 per recipient.  [...]

Video: Opportunity Zones with Alex Flachsbart of OPAL

By |2022-11-01T19:38:03+00:00November 1st, 2022|Entrepreneurs, Individual Tax, Press Releases, Videos|

Carl Jamison and Bobby Bragg are joined by guest Alex Flachsbart of OPAL or Opportunity Alabama. "Opportunity Zones” were created in the Tax Cuts and Jobs Act of 2017.  Tax nerds call that the TCJA. It’s hard to believe that we are now almost five full years from their creation. These zones encourage private sector [...]

Observe New Tax Rules of the Road on EVs

By |2022-10-17T16:45:28+00:00October 17th, 2022|Individual Tax, News & Events, Press Releases|

New law revamps electric vehicle credits (Image above is of Mercedes EQS, built in Tuscaloosa) Are you thinking about purchasing an electric vehicle (EV) or plug-in hybrid? The new Inflation Reduction Act (the IRA) green lights tax credits for many taxpayers who buy EVs in 2023. However, other individuals may hit some unexpected roadblocks. [...]

Video: Best Practices to Avoid IRS Notices

By |2022-10-12T19:02:57+00:00October 12th, 2022|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases, Videos|

Lauren Roberts and Kim Smith discuss IRS notices and the best ways to avoid them! These two tax accountants share war stories on IRS notices, including some of the most common reasons notices are triggered and how to create an IRS online account. And of course, IRS scams - beware! Hosts: JamisonMoneyFarmer PC CPAs Lauren [...]

Misclassifying Workers – Seeking Out Section 530 Relief

By |2022-09-26T14:20:28+00:00September 26th, 2022|Corporate & Partnership Tax, News & Events, Payroll & Bookkeeping, Press Releases|

The IRS often contests an employer’s classification of workers as independent contractors as opposed to employees. If a worker is labeled as an independent contactor, the employer does not have to pay its fair share of federal payroll taxes, nor does it have to provide costly fringe benefits available to employees. This can result in [...]

Key Tax Provisions in the New IRA aka Inflation Reduction Act

By |2022-09-26T14:24:06+00:00September 6th, 2022|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

After numerous twists and turns, the Inflation Reduction Act (the IRA) was finally signed into law by the president on August 16. Among other aspects, the new law addresses climate control, extends health insurance subsidiaries and permits Medicare to negotiate drug prices. But it also includes the following key tax provisions for individuals and [...]