Important Notice The legislature has passed and the Governor has signed Act No. 2012-309 relating to the sale of insulin, insulin syringes, and related items to treat diabetes. Act 2012-309 provides that in addition to any other exemption provided by law, any items used for the treatment of diabetes purchased by or on behalf of [...]
Title: Alabama Forestry Association 2012 Annual MeetingLocation: Perdido Beach Resort, Orange Beach, AlabamaLink out: Click hereDescription: CPAs Chris Williams and Orman Wilson from JMF are on the slate of speakers, along with Governor Robert Bentley and Dr. Jay Gogue, President of Auburn University, at the 2012 annual meeting of the AFA. Professional credits are available [...]
A new state tax incentive called The Agricultural Irrigation Systems Tax Credit was signed into law on May 14, which provides farmers who install new irrigation systems or improve existing systems, a one-time tax credit up to 20% of the cost, with a maximum of $10,000 per farm. That's tax CREDIT, not deduction, so it [...]
Self-employed taxpayers may now deduct Medicare premiums from self-employment income. The premiums may be deducted as a self-employed health insurance deduction on Form 1040 Line 29. This is a reversal of a long-held IRS stance against this practice. The IRS Office of Chief Counsel states that premiums for all Medicare parts are deductible. Click here [...]
If you are looking for CLE or CFE and an informative seminar to attend on conservation easements, JMF and the Alabama Land Trust have put together a slate of presenters, including Timothy Lindstrom and David Wooldridge, that you will not want to miss. This seminar begins with registration at 8:00 am and ends at 3:30 [...]
The Agricultural Irrigation Systems Tax Credit was signed by Governor Robert Bentley on May 14th. This new tax incentive provides Alabama farmers a credit of up to 20% of the cost of new or improved irrigation systems with a cap of $10,000 per farm. Decades of research gave rise to the legislation with hopes that the increased agricultural [...]
The Supreme Court has upheld all of the provisions of the Patient Protection and Affordable Care Act of 2010 (the Health Care Law). Unless Congress makes changes then individuals that make more than $200,000 a year ($250,000 if married) will start paying more into Medicare beginning in 2013. The health care law changes the Medicare [...]
Bremen Town Hall Managing Shareholder Bryan Chandler and Practice Growth Director Bobby Bragg joined an Alabama Delegation to Bremen, Germany in June, enforcing JMF's commitment to growing Alabama businesses in the manufacturing industry. Joining them were entrepreneurs, scientists, other business developers and the Alabama Department of Commerce in meeting with German counterparts in [...]
Title: 2012 Pillars of West Alabama/Community Foundation of West Alabama HonoredLocation: Indian Hills Country ClubDescription: The annual meeting of the Community Foundation of West Alabama, celebrating and honoring the Pillars of our Community, will be held at Indian Hills Country Club June 28th, 2012 at 6:00. 2012 Pillars are Chris "Chip" Vernon Beeker, Jr., Claude [...]
This summer, sponsors of retirement plans will have no time to relax because they will be complying with the Department of Labor’s final fee disclosure regulations. The upcoming effective dates require plan sponsors to embark on an exploration designed to uncover fees and costs associated with plan services and investments. At the end of the [...]