1) Set up a file (or box) for your 2015 taxes. Put a label on it and drop in your Form W-2 and 1099s as they come in the mail. 2) Open the envelope with your JMF organizer. Please use the organizer as a guide to make sure you have everything that you had last [...]
The PATH Act includes three significant changes affecting provisions in the Affordable Care Act (ACA). The tax on high-cost Cadillac health insurance plans is delayed for two years, from 2018 to 2020. The 2.3% excise tax paid by manufacturers of medical devices is halted for 2016 and 2017. There’s a moratorium for one year—until 2017—on [...]
The IRS announced that the 2016 estate and gift tax exemption is $5.45 million per individual, which is up from $5.43 million in 2015. That means an individual can leave $5.45 million to heirs and pay no federal estate or gift tax. A married couple will be able to shield $10.9 million from federal estate and [...]
By: Rachel Taylor, CGMA, CPA, Tax Manager Rachel is a member of the JMF Tax Department. With more than seven years of experience in public accounting, she assists clients with corporate, partnership, and individual income tax return reporting as well as complex issues regarding multiple state filing and other state tax issues. Late on Tuesday, December [...]
JamisonMoneyFarmer (JMF) sent five delegates to the CPAmerica International’s 2015 International Group Meeting in Atlanta, Ga., on Dec. 2-3, 2015. Those delegates were Bobby Ingram, Janet Moore, Kim Smith, Lauren Roberts, and Bobby Bragg. The meeting is an annual event sponsored by CPAmerica, which brings together accounting professionals within the association membership to discuss international business [...]
A 2014 study by the Forest Inventory & Analysis (FIA) shows that the amount of timberland in Alabama has increased to an all-time high of 23 million acres, or 69% of Alabama’s total area. That's an increase of 360,000 acres since the year 2000. The only states in the nation having more timberland than Alabama [...]
Title: Birmingham Office Ribbon Cutting & Open House Location: Wells Fargo Tower Link out: Click here Start Time: 4:00 Date: 2015-06-18 End Time: 6:00 JamisonMoneyFarmer PC (JMF) has leased office space in the Wells Fargo Tower, located at 420 20th Street North, Suite 2250, in the central business district downtown, which will serve as [...]
ATLANTA, Georgia – One of Alabama's largest and respected accounting, tax and advisory firms, JamisonMoneyFarmer PC, met with six other US-based CPA firms from California, Georgia, Illinois, Massachusetts, Michigan, Oregon, and Wisconsin, and five firms from Germany for the US German Accounting and Tax Summit. Perry Barnett of Rushton and Company, LLC of Gainesville, Georgia [...]
The Birmingham City Council approved a $6 million city tax break which will lower the cost of business licenses in 2016 for several professions, with the exclusion of restaurants and dealerships. Under the direction of Mayor Larry Langford, business license costs were doubled back in 2007, which resulted in the collection of $243 million. While [...]
As an American living overseas, each year you have to gather the information required to file a U.S. return. Unlike your compatriots, residing across the pond comes with its own process: complicated and with more risk and penalties. The following article sheds light on the expat, tax forms you will need in order to file your return. This is the [...]