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 [...]
Many taxpayers have recently received e-mail messages claiming to be from the IRS. In many instances these e-mails are referencing tax refunds or other entitlements urging the recipient to provide information, click on a link in the message, or to open an attachment. If you receive a similar message, DO NOT OPEN IT. Do not reply to [...]
The BP Settlement Agreement entered into on April 18, 2012, has broad application to most businesses operating anywhere in Alabama, meaning your business may be eligible for a settlement. Eligibility is based upon a gross revenue test with no requirement to prove direct causation. The revenue test is fairly simple but does require analyzing monthly [...]
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, [...]
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 [...]
For beginners and current users of QuickBooks for small and medium sized businesses. 10:30 a.m. - 4:30 p.m. Click here for more information.
Property that does not qualify for an immediate tax write-off under Section 179 may qualify for an increased first-year depreciation deduction under bonus depreciation rules. Unlike the Section 179 deduction, there are no restrictions on the amount of qualifying property and there is no taxable income limit. This deduction is equal to 100 percent of [...]
Instead of depreciating an asset over several years, Internal Revenue Code Section 179 allows the expensing of all or a portion of certain qualifying new and used assets in the year placed in service. There are limitations including a business taxable income limit. You cannot claim a Section 179 write-off that would create or [...]
In the spirit of wrapping up 2011, we decided to give you our ten most viewed blog posts of 2011. That means you loved them! 10. Bonus Payments are wages from November 30 9. Alabama’s 529 fund could lower your tax bill from December 20 8. New Home Builder Ad Valorem Tax Reduction Opportunity from [...]
In a joint announcement today, accounting firms, PKF Germany, Frazier & Deeter and Alabama-based JamisonMoneyFarmer PC announced a strategic initiative to address the needs of the growing Southeastern based automobile manufacturing and supply industry. “JamisonMoneyFarmer is a third-generation accounting firm strategically based in Tuscaloosa, Alabama, and already serves the needs of many of Alabama’s best [...]