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Video: Opportunity Zones with Alex Flachsbart of OPAL

By |2022-11-01T19:38:03+00:00November 1st, 2022|Entrepreneurs, Individual Tax, Press Releases, Videos|

Carl Jamison and Bobby Bragg are joined by guest Alex Flachsbart of OPAL or Opportunity Alabama. "Opportunity Zones” were created in the Tax Cuts and Jobs Act of 2017.  Tax nerds call that the TCJA. It’s hard to believe that we are now almost five full years from their creation. These zones encourage private sector [...]

Seven Tax Moves for the Summer

By |2022-06-22T15:23:47+00:00June 22nd, 2022|Corporate & Partnership Tax, Entrepreneurs, Individual Tax, News & Events, Press Releases|

Summer is a time for R&R, but also offers tax-saving opportunities for individuals and small business owners. Here are seven ways to reduce tax liability this summer. Host an employee gathering. Prior to 2018, your business could deduct 50% of the cost of qualified business entertainment expenses. But this deduction has generally been eliminated. Key [...]

Getting A Head Start On Business Deductions

By |2021-08-05T21:07:05+00:00August 5th, 2021|Corporate & Partnership Tax, Entrepreneurs, News & Events, Press Releases|

If you are starting up a new business venture as the pandemic abates, or buying an existing business, you may have to answer this question: When is the operation officially opening for business? This may be significant from a tax perspective. Reason: While “ordinary and necessary” business expenses are generally deductible, start-up expenses must be [...]

Four Major Changes in Flex Spending Rules

By |2021-06-10T18:48:24+00:00June 1st, 2021|Entrepreneurs, Individual Tax, News & Events, Press Releases|

New legislation has enhanced the rules for flexible spending accounts (FSAs). Generally, participants in FSSAs will have more flexibility in managing their accounts, albeit temporarily. Key point: Employers may choose to implement the new law changes, but are not required to do so. Background: There are two types of FSAs that employers may offer to [...]

ALERT: You Might Have Been a Target of Unemployment Fraud

By |2021-04-27T17:02:06+00:00April 27th, 2021|Entrepreneurs, Fraud, Individual Tax, News & Events, Payroll & Bookkeeping, Press Releases|

The pandemic has seen a dramatic rise in the instances of Unemployment Fraud in the United States.  The Alabama Department of Labor has confirmed nearly 30,000 cases throughout the state.  We have seen plenty of this type of fraud as well. Businesses and employees are being targeted, with scammers using real names to file unemployment claims [...]

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 [...]