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IRS Offers Tax Treat on Business Meals

A new Notice issued by the IRS (Notice 2018-76) gives businesses a tax reprieve from a crackdown in the Tax Cuts and Jobs Act (TCJA). Under the Notice, your company can deduct meal expenses incurred in connection with entertainment activities as long as the food and beverage costs are stated separately. Background: Prior to [...]

Seven Year-End Tax Moves for Individuals

Tax planning is especially complicated this year-end due to the new Tax Cuts and Jobs Act (TCJA). Under the TCJA, tax rates are cut, personal exemptions are eliminated, the standard deduction is increased and certain itemized deductions are modified—just to mention a few of the major changes. The TCJA provisions for individuals are generally [...]

By | 2018-11-02T15:47:28+00:00 November 5th, 2018|Individual Tax, News & Events|0 Comments

Five Prime Issues for Business Startups

Are you starting a new business venture or investing in potential opportunities in the marketplace? Before you make any commitments, be aware that there are numerous practical considerations from a business, tax and legal perspective. In other words, there is much more involved than just fronting the cash. Although the “to-do list” is too long [...]

By | 2018-10-30T20:29:52+00:00 October 30th, 2018|Entrepreneurs, News & Events|0 Comments

Roth Re-characterizations: How to undo a conversion to a Roth

When it comes to taxes and finance, there is usually no going back in time. However, a notable exception may apply if you converted a traditional IRA into a Roth last year. In effect, you can undo a conversion as if it never happened. This “recharacterization” technique has been repealed by the Tax Cuts and [...]

By | 2018-10-30T20:22:51+00:00 October 1st, 2018|News & Events, Pension Admin & Consulting|0 Comments

JMF Managing Shareholder Scott Goldsmith Invited to Join alliantgroup’s Strategic Advisory Board

JamisonMoneyFarmer PC is proud to announce that alliantgroup has added Scott Goldsmith, CPA, to that firm’s Strategic Advisory Board. Goldsmith brings to the board over 29 years of management and public accounting experience as well as an extensive background in tax and business planning. In his new consultative position, Goldsmith will play an important role in [...]

Opportunity Zones Have Great Potential for Tax Payers

“Opportunity Zones” are included in the new tax law known as Tax Cuts and Jobs Act of 2017.  These zones encourage private sector investment in low-income community businesses which are inside defined census tract lines throughout the United States. The new tax code allows any taxpayer to defer gains until the earlier of the [...]