News & Events

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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 [...]

Seven Year-End Tax Moves for Individuals

By | 2018-11-02T15:47:28+00:00 November 5th, 2018|Individual Tax, News & Events|

Tax planning is especially complicated this year-end due to the new Tax Cuts and Jobs Act (TCJA). Under the TCJA, tax rates are cut, personal exemptions are eliminated, the standard deduction is increased and certain itemized deductions are modified—just to mention a few of the major changes. The TCJA provisions for individuals are generally [...]

Five Prime Issues for Business Startups

By | 2018-10-30T20:29:52+00:00 October 30th, 2018|Entrepreneurs, News & Events|

Are you starting a new business venture or investing in potential opportunities in the marketplace? Before you make any commitments, be aware that there are numerous practical considerations from a business, tax and legal perspective. In other words, there is much more involved than just fronting the cash. Although the “to-do list” is too long [...]

New Law Revives Six Key Tax Breaks

By | 2018-10-30T20:18:38+00:00 October 30th, 2018|Individual Tax, News & Events|

The biggest news in tax circles is, of course, the Tax Cuts and Jobs Act (TCJA) enacted late last year. But the TCJA isn’t the only important new tax legislation. With little fanfare, the Bipartisan Budget Act (BBA), a government spending measure, extended about 30 tax provisions that had expired at the end of 2016. [...]

Roth Re-characterizations: How to undo a conversion to a Roth

By | 2018-10-30T20:22:51+00:00 October 1st, 2018|News & Events, Pension Admin & Consulting|

When it comes to taxes and finance, there is usually no going back in time. However, a notable exception may apply if you converted a traditional IRA into a Roth last year. In effect, you can undo a conversion as if it never happened. This “recharacterization” technique has been repealed by the Tax Cuts and [...]

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 | 2018-10-31T18:39:32+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 [...]

Calling the Cyber Cops! Don’t be Unprepared

By | 2018-09-07T21:17:08+00:00 September 7th, 2018|News & Events, Technology|

Is your small business adequately protected from cyber attacks? Obviously, you are not at the same risk as certain government or military targets, but you should still adopt security measures and update those already in place. Your very livelihood could be at stake. Many businesses are taking notice of the problem. According to a [...]