A quick reminder to everyone as the holidays and the end of the year approach. Bonus payments are wages and are taxable. If you pay an employee cash or a cash equivalent, it doesn't matter what you call it, it is most likely taxable. If you aren't sure if a bonus, payment or gift will [...]
The Alabama Society of CPAs and JMF are hosting "Breakfast with Barry" this Friday, 7:30 a.m, December 2nd at the JMF offices on Jack Warner Parkway. Barry Malancon, President of the American Institute of Certified Public Accountants will be bringing local CPA's up-to-date on professional issues and answer questions you've always wanted to ask. Local [...]
Whether from hard work and dedication, inheritance of family wealth, or maybe even both, many individuals are faced with the favorable dilemma of having to deal with the transfer of wealth to the next generation(s). Regardless of whether "wealth" is defined as thousands of dollars, or billions, most taxpayers would certainly rather their heirs receive [...]
Betsy Jarnigan, Reed Lightsey, Grace Miller, and Kimberly Christain have accepted positions at JMF as staff accountants. Click here for complete press release.
If you are an avid reader of our website and blog, you probably know that on November 2nd, we hosted a great Bankers' Panel as well as a seminar for many of our construction clients and several that soon will be clients! Just to make sure we are keeping our readers informed, here are the [...]
On October 26, the House of Representatives passed a bill to repeal a law that beginning in 2013 requires tax withholding of 3% of payments to vendors and contractors providing services to federal, state and local governments and their agencies. Think of the 3% as a discount or retainage for working with the government. The [...]
1099-K FAQs DRAFT 1099-K You may start to see letters or receive requests for your TIN (taxpayer identification number) from your merchant card processor related to Form 1099-K. The 1099-K is a new information return to report certain payments made in settlement of "payment card" transactions and third-party network transactions. Here are some important facts [...]
The Alabama Retail Association is offering several seminars throughout the state highlighting ways the Alabama immigration law affects every employer. Click below for information and registration.
Below is a link to the Satisfaction of Claim form for Tuscaloosa County. Please contact the JMF Estate and Trust department if you need any assistance. We will be more than happy to help with this form, or if you need a similar form for another jursidiction. Click here to get the form.