Yes, it is that time of year again. Our 2012 year-end tax planning letter is now available. This document is chock full of helpful information to help you take advantage of those last minute tax saving strategies and to help you avoid potential pitfalls. Click here to download/print the 2012 Year End Tax Planning Letter. Please call your JMF [...]
JamisonMoneyFarmer works with many family businesses, and some cases, second and third generation family businesses. In fact, JMF is a third generation firm, as one of our shareholders Carl Jamison, is the grandson of our founder, late Carl C. Farmer. The importance of family owned businesses cannot be overstated. Family owned businesses contribute $8.3 trillion [...]
August 2, 2012 | Birmingham, Alabama JMF representatives Bryan Chandler, managing shareholder, Janet Moore, shareholder and Stacie Kirkland, manager attended a luncheon at The Club in Birmingham hosted by the alliant group. The event was held to give insight to business leaders about legislative developments that are impacting businesses in the state of Alabama and [...]
News Release | August 1, 2012 | Alabama Department of Revenue Montgomery—The Alabama Department of Revenue (ADOR) alerted taxpayers today of an e-mail scam in which taxpayers are reportedly advised that they have been awarded gift cards or other prize winnings from the Alabama Department of Revenue. The ADOR advises that if you receive an [...]
A new state tax incentive called The Agricultural Irrigation Systems Tax Credit was signed into law on May 14, which provides farmers who install new irrigation systems or improve existing systems, a one-time tax credit up to 20% of the cost, with a maximum of $10,000 per farm. That's tax CREDIT, not deduction, so it [...]
The Agricultural Irrigation Systems Tax Credit was signed by Governor Robert Bentley on May 14th. This new tax incentive provides Alabama farmers a credit of up to 20% of the cost of new or improved irrigation systems with a cap of $10,000 per farm. Decades of research gave rise to the legislation with hopes that the increased agricultural [...]
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 [...]
It has been almost a year since the deadly tornados of April 2011 swept across the Southeast. And, unfortunately, we have had additional storms since then. If you were personally affected by these storms and suffered damages, you are now faced with trying to determine if you have any tax losses (or even gains) to [...]
This blog post is probably more timely if it were 2009, given the recent positive news on the job front, but it some ways, this question is timeless. If you lose your job, there are multiple considerations that you have to address almost immediately. Quick action can save you considerable money and headaches. First [...]
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 [...]