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. [...]
Undoubtedly, the national elections will have an impact on personal taxes for years to come. But it is unlikely that a lame-duck Congress will enact changes that will significantly affect tax planning for 2016. Accordingly, here are seven tax moves for individuals to consider at the end of this year. Harvest capital gains or losses. [...]
A Tale of Two Business Structures / Comparing C corporations with S corporations If you are organizing a new business structure, you may prefer to set up a small company as a traditional C corporation or an S corporation. Alternatively, you might switch from one to the other for an existing business. Before you make your [...]
Now that your children are back in school, you might consider the available tax breaks for higher education expenses. Following extensions and modifications under the Protecting Americans from Tax Hikes (PATH) Act of 2015, there are three primary tax provisions that may benefit parents: the American Opportunity Tax Credit (AOTC), the Lifetime Learning Credit (LLC) [...]
How to value business interests It is often difficult to put a price tag on a company that is not publicly traded. For instance, the value of a family-owned business will typically exceed the total value of the hard assets such as equipment and inventory. In addition, assigning a value to intangible assets such as [...]
By: Janet Moore, Shareholder, CPA Janet is the co-manager of the JMF Tax Department, runs the Birmingham office, and serves on the Executive Board. With more than 30 years of experience in public accounting, she assists closely-held businesses and owners with corporate, partnership, and individual income tax planning and reporting, as well as complex issues [...]
JamisonMoneyFarmer PC (“JMF”) Executive Board Chairman, Carl T. Jamison, announced today that Scott Goldsmith has been elected President and Managing Shareholder of the CPA firm and will assume the position on September 1, 2016. In making the announcement Jamison said, “This is the culmination of a leadership succession process we began two years ago and [...]
Employers who do not already sponsor a SIMPLE Plan may start one for 2016 no later than three months before the end of the calendar year*. October 1st is the last day to start a SIMPLE Plan and begin making deferrals for 2016. If you have a client interested in establishing a SIMPLE Plan for [...]
Tax rules may affect your donations Do you own shares of stock that you want to contribute to charity? Before you pull the trigger on the donation, make sure that you give away the “right kind” of securities instead of the “wrong kind.” It can make a big difference on your tax return. The conventional [...]