JamisonMoneyFarmer PC’s Post

If you have ever wondered about the importance of wills, a healthcare power of attorney, advanced directives and living wills, and the financial power of attorney, this podcast discussion with Emilee Scheeff has your answers. Many of these topics are critical in end-of-life and emergency situations, and often the most difficult to discuss with your loved ones. Don't miss it. Special thanks to our host this week, Orman Wilson. https://lnkd.in/erJwQh9m

Most, maybe all, business owners dream of selling their business at some point, and one of the best keys to maximizing your price is to prepare in advance for that day. Today's show is a deep dive into preparing your business for sale with Zane Tarence of Founders Advisors. JMF hosts Carl Jamison and Bobby Bragg bring their experiences with businesses that have sold and bring in Zane for the perspective of an investment banker (who has also been a founder who sold his business). The wide ranging discussion touches on the most important items for business owners to work on if they are on a five-year exit time horizon, how business owners can get their business to “investment grade”, some of the biggest mistakes business owners can make. Zane also adds some of the most interesting current trends that private company sales, and how to create a Structured Sales Process. https://lnkd.in/eWbRn2G3

This year's #Alabama legislative session focused on a series of bills dubbed "Working for Alabama" creates many new options for Alabama businesses and their owners. Carl Jamison hosts two policy advocates for our community to discuss the most impactful legislative wins for Alabama businesses. Much of the discussion is about the "Working for Alabama" bundle of bills which addresses many issues, including education, child care and workforce housing. As a business owner in Alabama, you should be aware of these economic development changes as they are many different tax credits for your company. It also creates the Alabama Growth Alliance, a public corporation that will provide input and support on economic development, such as increasing private investment in the state and promoting opportunities for minority-owned businesses. Huge thank you to Kyle South of the The Chamber of Commerce of West Alabama and Clay Scofield of Business Council of Alabama. They did a great job explaining the what's and why's for each new bill. Don't forget to rate, review and subscribe to the podcast! 😁 https://lnkd.in/dACCfxSM

Our latest podcast has dropped this morning. Our own Thornton Jamison hosts labor law specialist David Hughes to discuss the latest changes with some employment labor laws affecting businesses and their owners. The podcast covers topics such as the FSLA, new overtime regulations that are in effect on JULY 1, the differences between exempt and non-exempt employees, the EEO data collection, and employee handouts. Please reach out to us or David with any other questions or how we might be able to help. Hat tip, as always to our friends at Seed Creative for the great work on the studio, production, and post production. https://lnkd.in/eMr6TASn

Glad to be a part of the #SmartSeries with the Chamber of Commerce of West Alabama and we are looking forward to Session 2.

Dear Clients and Friends: The end of the year is often an optimal time for tax planning, but you must be careful to avoid potential pitfalls along the way. Notably, any year-end tax strategies you implement should take all the latest tax developments into account. Congress has enacted significant tax legislation in recent years, beginning with the massive Tax Cuts and Jobs Act (TCJA) of 2017. Many provisions in the TCJA are effective for 2018 through 2025. Soon after, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law, designed primarily to enhance retirement savings. During the height of pandemic, a trio of laws—the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Consolidated Appropriations Act (CAA) and the American Rescue Plan Act (ARPA)—provided various forms of tax relief. Another law passed in the summer of 2022, the Inflation Reduction Act (IRA), created both new opportunities and obstacles for certain individuals and business entities. Finally, late in 2022, the law dubbed “SECURE 2.0” built on the foundation of the initial SECURE Act while also adding several new layers. Keeping all those laws in mind, we have prepared the following 2023 Year-End Tax Letter. For your convenience, the letter is divided into four sections: * Individual Tax Planning * Business Tax Planning * Financial Tax Planning * State Tax Planning Be aware that the concepts discussed in this letter are intended to provide only a general overview of year-end tax planning. It is recommended that you review your personal situation with a tax professional. https://lnkd.in/e3eGj9_C

This is great personal property tax info for Alabamians from Bruce P. Ely https://lnkd.in/e_rq8rsG

If there is one question we get more than any other it's, "How do I lower my taxes?" So, we did a #podcast on that exact topic. This week's episode focuses on maximizing #tax deductions, which can potentially lower your tax bill. The topics include recent rule changes for meals and entertainment, dues, and automobile deductions. We also explore employing your children as a business owner, pass through entity taxes, and #costsegregation studies. Listen to the smooth sounds of Kim Smith and Bobby Bragg, and who knows, you might end up with a few more dollars in your pocket. 😁 https://lnkd.in/guJMeypK