Corporate & Partnership Tax

/Corporate & Partnership Tax

Doubling Up on the Employee Retention Credit and PPP Loan Forgiveness

By |2021-02-04T18:08:26+00:00February 4th, 2021|Corporate & Partnership Tax, News & Events, Press Releases|

The Consolidated Appropriations Act passed December 27, 2020 included an expansion of the 2020 Employee Retention Credit (ERC). The credit is now retroactive to the enactment of the CARES Act, March 21, 2020, and is available to employers who received PPP loan funding. Employers, including tax-exempt organizations, are eligible for the credit if they [...]

Impact of Deferred Payroll Taxes on Income Tax Deductions

By |2021-01-21T14:05:22+00:00January 21st, 2021|Corporate & Partnership Tax, News & Events, Press Releases, Social Security|

By: Kim Smith, CPA, Tax Shareholder Kim is a shareholder, a member of the JMF Tax Department and in charge of the JMF State and Local Tax (SALT) group. With over 20 years of experience, she assists clients with corporate, partnership, and individual income tax reporting as well as complex multi-state income and sales tax issues.   The [...]

Are you going to apply for a second draw PPP loan?

By |2021-01-12T16:53:56+00:00January 12th, 2021|Corporate & Partnership Tax, News & Events, Press Releases|

Last week the SBA and Treasury released the new application for Second Draw PPP loans (SBA Form 2483-SD), along with additional guidance for eligible borrowers. In order to be eligible for a Second Draw PPP loan, borrowers must meet the following criteria: Was eligible for and received a First Draw PPP loan Has used, or [...]

Consolidated Appropriations Act – Updates to PPP, FFCRA, and Payroll

By |2020-12-29T18:38:38+00:00December 22nd, 2020|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

On Monday, December 21, Congress passed the Consolidated Appropriations Act, 2021, which is expected to be signed by President Trump in the next several days. This Act provides various forms of COVID-19 related relief, among which are modifications to the Paycheck Protection Program (PPP) loan program, as well as a second round of PPP [...]

JMF Listed on Forbes America’s Top Recommended Tax And Accounting Firms For Second Year in a Row

By |2020-12-16T15:32:42+00:00December 16th, 2020|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

Photo Credit: Forbes Magazine For the second year in a row, 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.  JMF was on the initial list as well, which was published last year. JamisonMoneyFarmer PC is proud to be [...]

2020 Year-End Tax Letter

By |2020-12-11T18:42:40+00:00December 7th, 2020|Corporate & Partnership Tax, Individual Tax, News & Events, Press Releases|

 2020 Year-End Tax Letter YEAR END TAX PLANNING LETTER IN PDF Dear Clients and Friends: This year has been unlike any other in recent memory. Front and center, the COVID-19 pandemic has touched virtually every aspect of daily living and business activity in 2020. In addition to other financial consequences, the resulting fallout is [...]