There are two categories of employers for Form W-2 reporting of health care.1. Those who will receive Transition Relief2. Those who are required to report on the 2012 Form W-2 issued in January 2013 Transitional Relief applies to: Employers who filed fewer than 250 Forms W-2 for the prior year (2011 Forms in this case) [...]
The Alabama Department of Revenue will begin administration of the Prepaid Wireless 9-1-1 Charge effective September 1, 2012. This regulation (Legislative Act No. 2012-293) requires all sellers making retail sales of prepaid wireless telecommunication services to collect from consumers a Prepaid Wireless 9-1-1 Charge. This includes, but is not limited to, the sale of prepaid wireless [...]
JamisonMoneyFarmer works with many family businesses, and some cases, second and third generation family businesses. In fact, JMF is a third generation firm, as one of our shareholders Carl Jamison, is the grandson of our founder, late Carl C. Farmer. The importance of family owned businesses cannot be overstated. Family owned businesses contribute $8.3 trillion [...]
August 2, 2012 | Birmingham, Alabama JMF representatives Bryan Chandler, managing shareholder, Janet Moore, shareholder and Stacie Kirkland, manager attended a luncheon at The Club in Birmingham hosted by the alliant group. The event was held to give insight to business leaders about legislative developments that are impacting businesses in the state of Alabama and [...]
News Release | August 1, 2012 | Alabama Department of Revenue Montgomery—The Alabama Department of Revenue (ADOR) alerted taxpayers today of an e-mail scam in which taxpayers are reportedly advised that they have been awarded gift cards or other prize winnings from the Alabama Department of Revenue. The ADOR advises that if you receive an [...]
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 [...]