Accounting & Auditing

VIDEO: ASC 842 – The New Lease Standards

By |2023-03-02T16:12:41+00:00March 2nd, 2023|Accounting & Auditing, News & Events, Press Releases, Videos|

As we have mentioned for the last two years in this blog, it is time to implement the new lease standards.  Our Accounting and Audit heads Lynn Osborn and Dan Johnson take a deep dive into the new lease accounting standards for financial statements. For the standard nerds, that’s ASC 842. Topics include capital leases, which [...]

It’s time to implement the new lease standards

By |2022-03-22T14:00:49+00:00March 22nd, 2022|Accounting & Auditing, News & Events, Press Releases|

UPDATED March 22, 2022: Reminder that this must be implemented this financial reporting year i.e. it is effective for non-public companies (including not-for-profits) with fiscal years beginning after December 15, 2021 and interim periods within fiscal years beginning after December 15, 2022.   The Financial Accounting Standards (FASB) announced in January 2016 that new Accounting [...]

JMF Office and Recent Legislative Updates

By |2020-03-25T23:20:18+00:00March 25th, 2020|Accounting & Auditing, Construction, Corporate & Partnership Tax, Creative, Design, Entrepreneurs, Estate & Trust, Financial Institutions, Fraud, Health Care, Hospitality, Individual Tax, Internal Control Evaluation, International, Manufacturing, News & Events, Nonprofit, Oil & Gas, Payroll & Bookkeeping, Pension Admin & Consulting, Press Releases, SALT, Social Security, Technology, Timber|

Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment.  This remains a fluid situation and we will continue to communicate with you. [...]

JMF Listed on Forbes America’s Top Recommended Tax And Accounting Firms

By |2020-02-05T19:02:04+00:00January 31st, 2020|Accounting & Auditing, Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

Photo Credit: Forbes Magazine Recently, Forbes Magazine partnered with the independent market research company Statista to create a list of the most recommended firms for tax and accounting services in the United States for 2020. JamisonMoneyFarmer PC is proud to be listed as one of the 227 firms throughout the country on either list, [...]

FASB Updates on Leases & Revenue Recognition

By |2019-07-26T18:43:23+00:00July 26th, 2019|Accounting & Auditing, News & Events|

Lease Accounting  The FASB has approved a one year deferral for implementation for nonpublic companies.  This deferral effectively pushes the new requirement to record assets and liabilities for certain operating leases until 2021 for calendar year financial statements. Revenue Recognition As a reminder, the changes to revenue recognition are still effective this year for nonpublic [...]

ABLE Accounts: tax-advantage savings program for people with disabilities

By |2017-05-18T22:55:00+00:00February 17th, 2017|Accounting & Auditing, Estate & Trust, Individual Tax, News & Events|

Early last year we discussed the ABLE Accounts as a potential option for Alabama families.  By December, the state of Alabama instituted the program, per State Treasurer Young Boozer, with a contract with the state of Nebraska.  The Alabama plan will be known as Enable Savings Plan Alabama, and more information can be found at www.enableAL.com. [...]

Strategic Planning: Five Ways to Improve Business Budgets

By |2017-05-18T22:55:00+00:00January 30th, 2017|Accounting & Auditing, Corporate & Partnership Tax, Entrepreneurs|

It is now 2017. Do you know where your business budget is? This is the traditional time to draw up a budget for the coming year. Perhaps the way you previously developed the budget for your business has not been overly successful. Or maybe you have found as the year goes along that certain key [...]

No Applause for Fraud: An Update on Popular Fraud Trends and How to Prevent and Detect Them

By |2017-05-18T22:55:02+00:00August 10th, 2016|Accounting & Auditing, Entrepreneurs, Fraud, News & Events, Payroll & Bookkeeping, Press Releases|

By: Kasey Powell, CPA, CPE Kasey is a senior accountant, certified fraud examiner, and a member of the JMF Timber Practice Group.   Kasey Powell Vcard  Kasey Powell LinkedIn Profile This year represents the 20th anniversary of the inaugural Association of Certified Fraud Examiner's (ACFE) Report to the Nation on Occupational Fraud and Abuse: 2016 Global Fraud Study. [...]

JMF among twelve international firms that met for third annual US German Accounting and Tax Summit

By |2017-05-18T22:55:06+00:00May 18th, 2015|Accounting & Auditing, Corporate & Partnership Tax, International, News & Events, Press Releases|

ATLANTA, Georgia – One of Alabama's largest and respected accounting, tax and advisory firms, JamisonMoneyFarmer PC, met with six other US-based CPA firms from California, Georgia, Illinois, Massachusetts, Michigan, Oregon, and Wisconsin, and five firms from Germany for the US German Accounting and Tax Summit. Perry Barnett of Rushton and Company, LLC of Gainesville, Georgia [...]

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