As you are probably aware if you read this blog consistently, we think Opportunity Zones have great potential for taxpayers/investors. In fact, since last fall, many of the uncertainties around Opportunity Zones have been cleared up through IRS regulations. Most people are not expecting any more official IRS guidance release so the rules of [...]
It takes dedication, innovation and a little luck—or perhaps a lot of luck—to turn a vision into a successful business. This might be your life story or the story of someone you are close to. But what will happen to the small business when the owner is no longer able to chart the course? According [...]
When should you start saving for retirement? Probably the best answer is “yesterday.” If you have not started putting aside funds yet, the next best answer is “now.” In other words, it is not too early to begin saving for retirement, nor is it generally too late, although the manner and method of savings [...]
JamisonMoneyFarmer PC is pleased to announce that CPAs Kristi Moore and Rachel Taylor have been admitted as shareholders in the firm effective January 1, 2019. Managing Shareholder Scott Goldsmith of JamisonMoneyFarmer PC (“JMF”) is pleased to announce the promotions of Kristi Moore and Rachel Taylor as shareholders. Kristi and Rachel join twelve other shareholders at [...]
If your company maintains flexible spending arrangements (FSAs) for the healthcare expenses of employees, an important deadline may be looming: March 15, 2019. For many healthcare FSAs, this is the last day you can withdraw funds from the balance in your account for 2018. Background: An FSA is funded with pre-tax dollars, so there are [...]
TUSCALOOSA – Last month, at the AlabamaGermany Partnership (“AGP’) board meeting in Birmingham, the board of directors approved JMF shareholder Bobby Ingram as its new Chairman. Bobby will chair the group for the next two years, after years of board service to the organization. The AGP supports relationships and friendships between organizations and individuals with [...]
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” 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 [...]
UPDATED WayFair post from January 2018 for new information: Wayfair: We’ve Got Just What You Need (to Know) By: Jennifer Stripling, Tax Manager Jennifer is a tax manager, a member of the JMF Tax Department and in an integral part of the JMF State and Local Tax (SALT) group. With over 11 years of experience, she assists clients [...]
Selma, Alabama – JamisonMoneyFarmer (JMF) Shareholder Kim Smith was elected to the Selma and Dallas County Economic Development Authority Board of Directors. She will act as Secretary/Treasurer. Kim is the lead shareholder in the JMF office in Selma. Kim and her husband Ken Smith live in Valley Grande outside of Selma and she is [...]