In a recently released memorandum, the IRS found that fees to fund the Patient-Centered Outcomes Research Trust Fund (PCORI) were ordinary and necessary business expenses, and, thus, deductible business expenses. Use the link to view the memorandum: http://www.irs.gov/pub/irs-utl/AM2013-002.pdf
NOTICE To all persons dispensing or transferring ophthalmic materials, to include but not limited to lenses, frames, eyeglasses, contact lenses, and other therapeutic devices to patients: Legislative Act No. 2013-333 amends Section 40-23-1, Code of Alabama 1975, to provide that the dispensing or transferring of ophthalmic materials, including lenses, frames, eyeglasses, contact lenses, and [...]
As schools let out across the country many students are looking for summer work. As their potential employer there are six things the IRS would like you to know to stay compliant with payroll tax laws. 1. You need to have ALL new employees complete a Form W-4. Don't assume that because they are a [...]
The following post is from Tuscaloosa News. To see the original article, please follow this link:http://www.tuscaloosanews.com/article/20130607/NEWS/130609809/1007?p=2&tc=pg By: Patrick Rupinski, Business Editor - Tuscaloosa News Businesses depend on educated workers to succeed. So it was no surprise that among the several hundred people at Thursday's Education Summit were business people. Their concern focuses on educating today's [...]
JMF Manager Rachel Taylor, far right, is presented the spirit award by Alabama Society of Certified Public Accountant's executive director Jeannine Birmingham, center.Jennifer Taylor of Erica Lane Enterprises in Huntsville also received the award presented during the 2013 graduation of the ASCPA Leadership Academy. This program is designed for emerging professionals in the accounting industry [...]
Mueller and Co., LLP hosted four other US-based CPA firms from Alabama, Georgia, Pennsylvania, and Wisconsin, and four firms from Germany for German US Accounting and Tax Summit. The five US firms’ affiliation is through CPAmerica International, an association of independently owned and managed CPA and consulting firms in the US. The four German firm’s [...]
Photo courtesy of The Chamber of Commerce of West Alabama Bobby Bragg and Amy Echols represented JamisonMoneyFarmer at the ribbon cutting for three new businesses housed at the first business incubator of Tuscaloosa, The Edge, on Thursday, May 16th. “The Edge helps budding entrepreneurs develop their business so they can go out on their own.” (Tuscaloosa News) Bobby serves on [...]
You have probably heard that due to sequestration the IRS will shut down on several dates during the summer and fall. Despite these shut down dates, tax payments and forms are all still due on the normal dates. EFTPS (the Electronic Federal Tax Payment System) will remain open for filing tax deposits. However, if the [...]
JamisonMoneyFarmer PC oil spill claimants’ team, from left: Bryan Chandler, Lynn Osborn, Bobby Bragg and Joel Lake. Photo by Robert Sutton -From: Business Alabamahttp://www.businessalabama.com/Business-Alabama/May-2013/Who-I-Went-to-When-I-Needed-Help/ Shortly after the Deepwater Horizon oil settlement was reached in the spring of 2012, it was obvious that the amount of work necessary to file the claims by the April 2014 [...]
The IRS has been working on a way to get updated information regarding EINs (Employer Identification Numbers). Often, the person who applied for the EIN is either no longer authorized to represent the organization or has moved on to another employer. This means that communications with the IRS related to the EIN, sometimes decades after it has been [...]