JamisonMoneyFarmer PC would like to wish all of our clients, friends, and family members a Merry Christmas!
The Tax Advisor recently published an article about properly reporting partner compensation. Here is an excerpt from the Executive Summary of that article by Noel P. Brock, CPA.
If you have a partnership and would like to review the partner compensation, please contact our tax experts at JamisonMoneyFarmer PC.
The Safe Harbor plan is a popular 401(k) retirement plan for businesses with employees. Safe Harbor plans make it easy for business owners to maximize contributions to their own accounts while reducing some of the limitations associated with adhering to the non-discrimination testing required by the Internal Revenue Service (IRS) and ERISA (Employee Retirement Income Security Act).
To see the Plan Basics by JMF Consulting, please click here:
SAFE HARBOR 401(k) PLAN BASICS
Leighanne Faught, Shareholder, was elected Chair of the Alabama State Board of Public Accountancy (ASBPA) for the 2013-2014 term. The ASBPA Board supervises the practice of public accountancy by Certified Public Accountants and Public Accountants in Alabama. Leighanne was appointed by Governor Robert Bentley, and confirmed by the Senate, to the Alabama State Board of Public Accountancy to serve a four-year term which runs from October 1, 2011 through September 30, 2015.
The ASBPA conducts examinations in public accounting and issues certificates to successful applicants as Certified Public Accountants (CPA). The Board issues annual permits to practice to each eligible CPA, Public Accountant, and firm that is practicing public accountancy in Alabama. The Board annually registers CPAs, Public Accountants, and firms. It may revoke certificates, permits, or registrations for cause. It may issue permits to practice accounting in Alabama to Certified Public Accountants certified under the laws of another state, provided that state will take the same actions for Alabama Certified Public Accountants. Records of the Board, other than those recognized as “public records” under law, are confidential.
Bryan Chandler, Managing Shareholder, was elected 2014 Chairman of CPAmerica International at the 2013 Leading Partners Retreat recently held in Philadelphia, Pennsylvania, on Sept. 25-27, 2013.
The annual event sponsored by CPAmerica brings together partners from member firms across the United States for networking, member sharing and continuing professional education. The agenda had a general focus on growth including tactics and strategies, trends in the profession and an emphasis on member sharing. The agenda for the event included a variety of outside speakers and topics.
Chandler succeeds 2013 chair, David J. Nissen, leading partner of Mueller & Co. LLP in St. Charles, Illinois.
JamisonMoneyFarmer PC is an exclusive member of CPAmerica, one of the largest associations of independent accounting firms. Members share industry-specific knowledge, training programs, practice management techniques and best practices.
In connection with CPAmerica International, Bryan Chandler also just returned from Rio de Janeiro, Brazil to attend the 2013 Crowe Horwath Annual Meeting. CPAmerica is a member of Crowe Horwath International, which provides worldwide business and financial resources, referral options and information to our members. The Crowe Horwath network consists of more than 150 independent accounting and advisory services firms and in over 100 countries around the world.
JamisonMoneyFarmer shareholders Cathy Rice and Janet Moore have been asked to serve on the University of Alabama at Birmingham Professional Advisory Board. Sponsored by the UAB Office of Planned Giving, the UAB Professional Advisory Council (PAC) is a group of professionals in fields allied with estate and gift planning.
The mission of the UAB Professional Advisory Board is to foster communication and relationship-building between the Development Office and the professional community and to encourage networking between and among the estate and gift planning professionals themselves.
UAB President Ray Watts has set a goal for UAB to be one of the most dynamic and productive universities of the 21st century and attain the vision to be an internationally renowned research university — a first choice for education and health care. This means setting priorities, investing resources carefully and inviting partners to join in The Campaign for UAB: Give Something, Change Everything — the largest, most comprehensive fund-raising initiative in the university’s history. During this campaign, UAB will raise $1 billion that will enable the University to expand educational and cultural opportunities, advance research and patient care and fuel economic development.