For years that begin after December 31, 2015, taxpayers will have new filing deadlines for many tax returns. The most significant changes are as follows: 2017 Tax Deadlines There are penalties for Form 1099 for incorrect filings, late filings and failure to file. If Form 1099 is filed within 30 days of the [...]
Remember that year-end planning is not just for individuals (see Seven Timely Tax Moves in 2016). In fact, your business operation may benefit from tax moves in 2016 in the wake of several key extensions in the Protecting Americans from Tax Hikes (PATH) Act of 2015. Here are five ideas for small-business owners to consider. [...]
Please make sure to updated and review this list annually; also update beneficiaries & will if necessary ~ 1. Administrative and financial matters: I urge my family to rely principally on the advice of: My Lawyer___________________________________ or ___________________________________________ My CPA_____________________________________ or ___________________________________________ My Financial Advisor___________________________ or ___________________________________________ Other_______________________________________ or ___________________________________________ 2. About my financial records: [...]
Helpful Tips from Brian Winters, Director of IT Create strong passwords and regularly change them The longer the password, the more secure Don’t use the same password across all platforms. LastPass can be used to track passwords (lastpass.com). Answers to security questions don’t have to be logical (i.e. mother’s maiden name). This is all a [...]
As a general rule, your deduction for business entertainment expenses is limited to 50% of the cost, no matter what the occasion. But there is an important exception for holiday parties or other corporate events. In this case, you may be able to write off 100% of the cost for a gathering held on the [...]
With a new administration taking shape in our nation’s capital after the elections, you can expect that significant tax reforms will be debated, and perhaps enacted, in the near future. But the greatest impact on year-end tax planning in 2016 will likely derive from what happened late last year, not what will happen next year. [...]
Alabama Tax Tribunal Rejects Regulation Limiting Credit for Taxes Paid to Other State Taxpayers with multi-state income have refund potential for prior years 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 [...]
Click here to read, download, or print the complete JMF Post Election Tax update 2016. Any change in Presidential Administration brings the possibility, indeed the likelihood, of tax law changes and the election of Donald Trump as the 45th President of the United States is no exception. During the campaign, President-elect Trump outlined a number [...]
JamisonMoneyFarmer is proud to announce that shareholder Bobby Ingram has been elected as Secretary for the AlabamaGermany Partnership ("AGP"). The new role was voted on at the AGP Board of Directors meeting in Birmingham, Alabama yesterday. AGP is the organization for facilitating collaboration between businesses and individuals with ties to Alabama and Germany. Bobby is in his second year [...]
JamisonMoneyFarmer PC (“JMF”), one of Alabama's top ranked CPA firms with offices in Tuscaloosa, Birmingham and Selma, is pleased to announce that Jennifer Stripling, CPA has joined the Firm as Tax Manager. Stripling brings over eleven years of experience in a global accounting firm in Birmingham with specific focus on manufacturing and timber related clients. [...]