Corporate & Partnership Tax

/Corporate & Partnership Tax

Make This a “Record” Tax Year

By | 2019-02-05T18:59:26+00:00 January 20th, 2019|Corporate & Partnership Tax, Individual Tax, News & Events|

The IRS generally requires taxpayers to shoulder recordkeeping burdens. If you have not kept the necessary tax records in the past— or if your methods have been inadequate— make it a New Year's resolution to improve in 2019. The process will undoubtedly go smoother if you organize your records in a logical fashion. Also, [...]

Wayfair: We’ve Got Just What You Need (to Know)

By | 2019-01-10T15:34:01+00:00 January 10th, 2019|Corporate & Partnership Tax, Entrepreneurs, News & Events, SALT|

The following article was written by JMF Shareholder Kim Smith for the Alabama Retail Association's February issue of Alabama Retailer magazine.  We are re-posting it here with their permission. Wayfair Printable Story AL Retailer February 2019 By:  Kim Smith, CPA, Tax Shareholder Kim is a shareholder, a member of the JMF Tax Department and in charge of [...]

IRS Offers Tax Treat on Business Meals

By | 2018-11-08T17:20:10+00:00 November 8th, 2018|Corporate & Partnership Tax, Entrepreneurs, News & Events|

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 [...]

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

By | 2018-09-24T19:41:15+00:00 September 24th, 2018|Corporate & Partnership Tax, News & Events, Press Releases|

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

By | 2019-01-31T19:14:34+00:00 September 24th, 2018|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

“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 [...]

What does the Wayfair Supreme Court decision mean for Alabama?

By | 2019-01-10T23:14:58+00:00 July 12th, 2018|Corporate & Partnership Tax, Entrepreneurs, News & Events, Press Releases, SALT|

UPDATED WayFair post from January 2018 for new information: Wayfair: We’ve Got Just What You Need (to Know) By:  Jennifer Stripling, Tax Manager Jennifer is a tax manager, a member of the JMF Tax Department and in an integral part of the JMF State and Local Tax (SALT) group.  With over 11 years of experience, she assists clients [...]

Four Key Changes for Depreciation Deductions

By | 2018-05-23T15:57:35+00:00 May 29th, 2018|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events|

The new Tax Cuts and Jobs Act (TCJA) of 2017 is designed to stimulate business growth by cutting corporate tax rates and enhancing tax benefits for acquiring business property. Under the TCJA, your company may be able to deduct the full cost of property placed in service in 2018 through a combination of rules relating [...]