It has been almost a year since the deadly tornados of April 2011 swept across the Southeast. And, unfortunately, we have had additional storms since then. If you were personally affected by these storms and suffered damages, you are now faced with trying to determine if you have any tax losses (or even gains) to [...]
The upcoming AFOA Annual Meeting will feature a Friday evening reception, dinner and program at Moundville Archaeological Park. For the most up-to-date information about the annual meeting available click here. If you wold like to see the meeting agenda and register to attend, click here for your registration form.
Question: If I have employees in other states do I have to report them on E-Verify as well? Answer: It depends! If you are a larger employer, over 25 employees, you must sign up using the Federal system. You are allowed to select only the states or regions that you want to or are required [...]
Bryan Chandler, managing shareholder at JamisonMoneyFarmer PC, has been elected to the board of directors of the AlabamaGermany Partnership (AGP). The AGP is an Alabama nonprofit corporation formed in 1998 to develop and support relationships and friendships between organizations and individuals in Alabama and Germany. The membership is comprised of German companies located in Alabama, [...]
According to an article in the Journal of Accountancy this morning, the IRS has proposed making EIN holders update their information periodically. If enacted, this will be a retroactive regulation making it apply to all EIN holders and not just new EIN applicants. Comments for public hearing are due in June. I will watch this reg [...]
This blog post is probably more timely if it were 2009, given the recent positive news on the job front, but it some ways, this question is timeless. If you lose your job, there are multiple considerations that you have to address almost immediately. Quick action can save you considerable money and headaches. First [...]
I have moved this to our current events again in case you need the attachment for the April 1st deadline! As you probably have heard in the press recently some of Alabama's new immigration law has been blocked and some is still in place. Carol Armstrong, Attorney at Law has been kind enough to provide [...]
You may have heard in the press recently that the IRS is now demanding QuickBooks and Peachtree files from taxpayers during audits. The IRS does have authority to request these files, and it has been upheld in court. The taxpayer must provide the electronic records upon request. If a taxpayer attempts to withhold them, the [...]
Business Alabama just released their March publication which features a story on surviving tax season. Read and find out how we, and other firms in Alabama stay in our best frame of mind by taking fun breaks. Click here to read more.
Family businesses are different from closely-held businesses in that the two or more family members own more than 15% of the equity of the business, family members are employed or manage the business, and the intent of the members is to retain ownership. Per the Family Enterprise USA in 2011, there are 5.5 million family [...]