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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 [...]

Revive Plus – $200m to Alabama small businesses, non-profits

By |2020-11-23T18:16:24+00:00November 20th, 2020|Entrepreneurs, News & Events, Nonprofit, Press Releases|

Governor Kay Ivey has recently announced the establishment the Revive Plus grant program to allocate $200 million in Coronavirus Relief Funds to support citizens, businesses, non-profit, and faith-based organizations in Alabama impacted by COVID-19.  This is in addition to the previous Revive Alabama program.  If you have previously received funding through the Revive Alabama [...]

Big Tax Payoff for Bonus Depreciation

By |2020-07-31T13:25:43+00:00July 31st, 2020|Corporate & Partnership Tax, Entrepreneurs, News & Events, Press Releases|

If your business is starting to emerge from this year’s slumber, you may be inclined to acquire new equipment or other assets to help generate more income. In addition to the Section 179 allowance, which allows your business to expense up to $1.04 million of the cost of assets placed in service in 2020 (subject [...]

REVIVE ALABAMA: COVID-19 Cash Grants for Alabama Small Businesses

By |2020-07-13T20:59:54+00:00July 13th, 2020|Corporate & Partnership Tax, Entrepreneurs, News & Events, Press Releases|

Last week, Governor Ivey announced a $100 million small business grant program for AL small businesses known as Revive Alabama. The program will reimburse small businesses up to a combined $100 million for expenses they have incurred due to operational interruptions caused by the pandemic and related business closures. These grants are being funded with [...]

Tax Ramifications in the Gig Economy

By |2020-07-02T19:06:56+00:00July 7th, 2020|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

Do you pick up riders in your car, rent out a spare room in your summer home or perform various other services for customers? If so, you are likely participating in the “gig economy” that is rapidly growing in popularity around the country. For many people, this is a good way to earn extra money [...]

The PPP Loan Forgiveness Application

By |2020-05-27T17:30:53+00:00May 20th, 2020|Corporate & Partnership Tax, Entrepreneurs, News & Events, Press Releases|

Last Friday, May 15th, the SBA and Treasury released the PPP Loan Forgiveness Application. This application provides new elections and exemptions available to borrowers, as well as clarifies certain questions regarding PPP loan forgiveness. These elections/exemptions/clarifications include: Payroll Costs – Provides borrowers with a weekly or biweekly payroll schedule the option to elect to use [...]

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. [...]

Opportunity Zone Regulations Finalized – What You Need To Know

By |2020-02-18T17:18:23+00:00February 18th, 2020|Entrepreneurs, Individual Tax, News & Events, Press Releases|

The IRS released its third and final Opportunity Zone regulations at the end of 2019.  Here is what you need to know.  As I hope you are aware by now, Opportunity Zones were included in the new tax law known as Tax Cuts and Jobs Act of 2017.  These zones encourage private sector investment in [...]