The JMF Advisors Show

Rachel provides insights for all taxpayers to get prepared for tax season. Start early and be organized is a great start! Rachel also touches on some great ways to send documents electronically and securely back and forth with your accountant. You can also e-sign your returns, and use our client portals. Host: JamisonMoneyFarmer PC CPA Bobby Bragg and Rachel Taylor We are having a general business...

Rachel and Bobby discuss some of the best tax maneuvers that businesses can make by the end of the tax year to minimize their tax bill. This discussion includes bonus depreciation changes starting in 2023, Section 179 expenses, inventory counts, and accounts receivable collectability. Rachel also discusses the timing of employee and owner bonuses. Host: JamisonMoneyFarmer PC CPA Bobby Bragg and Ra...

Jennifer and Bobby are joined by Dave McGuire to discuss cost segregation. David is a leading expert on cost segregation, fixed assets and depreciation law and a co-founder of McGuire Sponsel. He has reviewed real estate portfolios ranging in size from six-figure acquisition costs to billions of dollars in value and has provided cost segregation services for companies in a wide variety of industri...

Rachel and Bobby discuss some of the best tax maneuvers individual US tax payers can make by the end of the tax year to minimize their own tax bill. The topics cover major life changes from a tax perspective, income tax withholdings, charitable contributions, and the standard deduction. There is also a discussion about required minimum distributions and related law changes. Hosts: JamisonMoneyFarm...

Orman Wilson is joined by estate attorney Emilee Scheeff to discuss family estate planning ideas. Topics range from things to consider when drafting a will, burial arrangements, estate tax returns, and gift returns. There are so many decisions to make when a loved one passes, and this podcast offers many items to consider at that critical time. JMF Checklist for Families when dealing with a death:...

Carl and Bobby are joined by guest Alex Flachsbart of OPAL or Opportunity Alabama. “Opportunity Zones” were created in the Tax Cuts and Jobs Act of 2017.  Tax nerds call that the TCJA. It’s hard to believe that we are now almost five full years from their creation. These zones encourage private sector investment in low-income community businesses and real estate which are inside defined censu...

The Research and Development (R&D) tax credit continues to provide one of the best opportunities for US businesses to reduce their tax liability substantially. Companies from various industries can qualify for this government-sponsored tax benefit just by performing their day-to-day activities. Many businesses are still unaware that R&D credit eligibility extend...

Lauren and Kim discuss IRS notices and the best ways to avoid them! These two tax accountants share war stories on IRS notices, including some of the most common reasons notices are triggered and how to create an IRS online account. And of course, IRS scams - beware! Hosts: JamisonMoneyFarmer PC CPAs Lauren Roberts and Kim Smith We are having a general business conversation and we are human so not...

Kim and Bobby discuss starting a new business, whether entrepreneurs go from a side hustle to a full- blown new company. We touch on The Edge, one of West Alabama’s business incubators, and touch on the pros and cons of sole proprietorships, LLCs or Limited Liability Corporations, S corporations, and C corporations. After figuring out the correct entity formation for your business, we walk you thr...

Carl and Kristi discuss the Employee Retention Tax Credit (ERC) with guest Shannon Scott of OnCentive. The ERC is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. The Employee Retention Credit is available to both small- and mid- sized businesses. It was a part of the CARES Act in 2020, and was significantly expanded in 2021. Busi...

Lauren and Jennifer discuss all things related to the 1099, including the news rules for getting paid through Venmo and PayPal (actually all third-party processors). The most common 1099s are the 1099- NEC, 1099-MISC, and 1099-K. Hosts: JamisonMoneyFarmer PC CPAs Lauren Roberts and Jennifer Stripling We are having a general business conversation and we are human so not every detail, example, or ex...

The JMF Advisors Show is a podcast for business owners, c-suite executives, and entrepreneurs who are looking to build, grow, or even exit a business.  We bring in some of our best financial advisors to interview experts on business best practices, hot topics, and sprinkle in some tax and accounting help. If you are a business owner, start-up founder, CFO, or just starting your side hustle, t...