On October 25th, JMF's Selma location hosted a Chamber After Hours and Ribbon Cutting event in celebration of their new location at 798 Highland Avenue. The event was well attended, complete with beverages, appetizers and door prizes. The Selma office opened 7 years ago when JMF's manager Kim Bannerman married Ken Smith and [...]
Starting November 15, 2012 EFTPS is making some changes. They have changed the website to remove defaults from the tax period and settlement date. If you have used the site at the end of a quarter, you know how easy it was to post to the wrong tax period. Now, with this change, you will [...]
Last week the Social Security Administration announced that the 2013 Taxable Wage Base will be $113,700 up from $110,100 in 2012. Unfortunately, many other payroll tax items may not be known until very late this year. Congress is expected to allow the reduction of the employee portion of social security tax to revert to 6.2% [...]
A ribbon cutting, attended by Selma City Council Members, Selma's Mayor, a leadership team from JMF's main office in Tuscaloosa, and the Selma - Dallas County Chamber of Commerce, will be at 5:00 p.m. October 25th at JMF's new Selma location. JMF's CPA Kim Smith opened an office seven years ago in Selma. The new [...]
JMF's CPA Kim Smith was featured in "The Selma Times-Journal" annual edition of "Women in Business" which includes 4 or 5 women throughout the county. Kim has brought a lot of positive attention to JMF through her above average, workable knowledge in business and also through her and her husband Ken's community and civic involvement. To [...]
A review of President Obama and Governor Romney proposals with respect to taxes reveal that they are surprisingly similar in many areas. However, even though they have not always clarified in detail all their positions on certain tax issues, below is a brief summary of 10 selected tax issues that we believe may affect many [...]
For gifts made in 2013, the gift tax annual exclusion will be $14,000 (up from $13,000 for gifts made in 2012).
Yes, it is that time of year again. Our 2012 year-end tax planning letter is now available. This document is chock full of helpful information to help you take advantage of those last minute tax saving strategies and to help you avoid potential pitfalls. Click here to download/print the 2012 Year End Tax Planning Letter. Please call your JMF [...]
It is being reported in The New York Times today that it is likely that the reduction to the employee portion of Social Security taxes is going to be allowed to expire. While some economists are recommending a replacement tax cut, many politicians are against continuing this particular tax cut. Additionally, Treasury Secretary Geithner has told Congress [...]