Click here to listen in on the Capital Ideas-Live webcast featuring guest speaker and JMF CPA Chris Williams as he explains 1031 like-kind exchanges and answers questions about the complexities of this tax deferral transaction. Chris’ portion begins at Minute 23.

Chris Williams, CPA

JMF has posted a QuickBooks Training video about Bank Reconciliations on You Tube.  http://www.youtube.com/watch?v=BfeIonqJfnQ&feature=email 

This 6 minute video by Linda Forde walks you through the step by step process of completing a bank reconciliation in QuickBooks.  Look for more videos – coming soon…

The Alabama Department of Revenue issued a press release regarding the upcoming Sales Tax Holiday for Severe Weather.  Local Governments should let the DOR know if they will be participating by June 22, 2012 for the sales tax holiday set for July 6 through July 8.

The city and county listing will be available at http://www.revenue.alabama.gov/salestax/WPSalesTaxHol.htm 

If your business needs assistance preparing for the sales tax holiday or has questions about it, please contact your accountant at JamisonMoneyFarmer PC.  We are ready to assist you!

Tax deferred property exchanges must be structured correctly, from the beginning, to realize the benefits of deferred taxes. Click here to learn more about Like-Kind 1031 exchanges

QuickBooks is scheduling system-wide upgrades on May 24th – May 29th.  This will affect which applications in the payroll product are available.  Please review the attachment for the items that you may need to address for your payrolls during this time.  Please call JamisonMoneyFarmer PC if you have any questions or need any assistance with this matter.  QuickBooks Critical Maint.

Estate Planning 101 – If you don’t have a will or all of your assets properly titled to pass by operation of law, then the assets of your estate will be distributed according to state law.  A more shocking fact is that if you have not named a guardian in your will, state law will also dictate who the guardian of your children becomes.  If you are in this boat, you are in good company.  According to a 2010 survey by Lawyers.com, 65% of Americans do not even have a Will.  This means that instead of providing for their heirs according to their wishes, and ensuring that their hard-earned assets are protected from creditors, they will be leaving it up to statutory regulations and the probate court to decide who gets what, including their children!  Click here for a good article listing some more estate planning pitfalls.

 Sadly, most of us spend more time in our lives planning vacations than we do planning for what happens after we die.  This is understandable. Vacations are much more fun, but we owe it to our loved ones to make sure they are provided for after we are gone.  Please contact our office if you would like to sit down with one of our estate planning professionals.  We would be happy to help you get an estate plan together and put your mind at ease.  It might even make the vacations more enjoyable!

Title: Alabama Tax Law Seminar
Location: JMF Training Room
Link out: Click here
Description: Announcing a series of Alabama Tax Seminars which start out in the offices of JMF. RSVP by May 18th. Seating limited. Presented by the Chamber of Commerce and Rosen Harwood. Speaker: Blake Madison, Esq. $89 for Chamber members, $99 for member CPAs seeking continuing education credit, $120 for non-members and $130 for non-member CPAs seeking CE credit. RSVP to Stacey@tuscaloosachamber.com or call 205-391-0559.

Start Time: 8:10 a.m. and ending at 4:45 p.m.

Date: 2012-05-22