Strategic acquisition of one Alabama’s largest CPA and advisory firms extends Frazier & Deeter’s presence in the Southeast ATLANTA, GA, November 3, 2026: Frazier & Deeter (FD), a Top 50 nationally ranked accounting and advisory firm*, is pleased to announce the acquisition of JamisonMoneyFarmer PC (JMF), a leading CPA and advisory firm based in [...]
A recent federal court decision, Kwong v. United States, may create an opportunity for some taxpayers to seek refunds or other relief for certain IRS penalties and interest connected to the COVID-19 period. Although the law is still developing, July 10, 2026 may be an important deadline either for preserving those claims or requesting a refund or abatement. We [...]
Beginning December 24, 2025, the United States Postal Service (USPS) quietly implemented significant updates to how postmarks are defined and applied. These changes directly affect taxpayers who plan to mail their tax returns and payments. If returns and payments are mailed on the due date, they will be considered late and subject to interest [...]
Scott Goldsmith, Managing Shareholder of JamisonMoneyFarmer PC (“JMF” or “Firm”), is pleased to announce that Andrea Armstrong, Reed Lightsey, and Todd Turner have been admitted as shareholders of the Firm. Their promotions reflect the firm’s commitment to developing talented professionals who demonstrate leadership, technical excellence, and an unwavering dedication to client service. They join ten [...]
Dear Clients and Friends: The end of the year is often an optimal time for tax planning for both individuals and small business owners. Traditionally, the conventional tax wisdom is to accelerate tax deductions into the current year and defer taxable income until the next year. However, new tax legislation enacted in 2025 significantly complicates [...]
Year-end tax planning was already complicated before this year. But the new tax law—the One Big Beautiful Bill Act (OBBBA)— adds a few extra twists and turns. Taking that into account, following are seven common tax strategies for individual taxpayers. Charitable donations: If you itemize deductions, you can boost your charitable write-off by donating to [...]
On July 4, 2025, President Trump signed into law the massive “One Big Beautiful Bill Act” (OBBBA). We are calling it the "OB3" in our office. This new legislation, close to 900 pages long, includes sweeping changes for both individuals and businesses. Here is a brief rundown of several key tax provisions. Individual extenders: The [...]
This is a reminder that Alabama’s temporary overtime exemption for non-exempt employees will end on June 30, 2025. Beginning July 1, all overtime pay for non-exempt employees will once again be subject to Alabama state income tax. Here's the link to the AL Department of Revenue announcement. Intuit, the company behind QuickBooks, has been working to ensure its software reflects this change and provides [...]
In October 2024, the IRS announced tax relief for individuals and businesses in Alabama that were affected by Hurricane Helene that began on Sept. 23, 2024. These taxpayers had until May 1, 2025, to file various federal individual and business tax returns and make tax payments. The IRS has started to issue refunds of underpayment [...]
We created a page on our website to help you if you are looking to pay your Alabama state or federal taxes or just want to check on a refund status. You can just come to this blog post or go to the Pay My Taxes tab at the top of each page. IRS [...]