The JMF Advisors Show

The JMF Advisors Show

By JMFBusiness
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The JMF Advisors Show episodes

  • Retirement and Savings Planning for Millennials with Dave Berney

    Today's show is for millennials by millennials! This is a fun planning discussion centered around Generation Y aka Millennials, who are people born between 1981 and 1996, on topics such as the Hierarchy of Savings, debt payoff versus savings, rental real estate, social security planning, and general good housekeeping tops for retirement planning..

    Host: JamisonMoneyFarmer PC CPA Katie Grissom
    Guest: Dave Berney of JMF Capstone Wealth Management - Dave is a registered investment advisor with JMF Capstone Wealth Management.
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: @jmfcpas
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    32 min
  • Changing Your State Tax Domicile

    This episode discusses the ins and outs of changing or re-establishing your state tax domicile. Most of the time those changes are driven by job changes or retirement. And with today's remote work environment, this is issue comes up quite a bit.

    There are eight states with no income tax - Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.
    Domicile is established by the “intent” of the taxpayer and you must abandon old domicile and have intent to establish residence in new state, most commonly shown by:
    • New Driver’s License
    • Registering to vote
    • Transfer bank accounts
    • Register vehicles
    • Create or establish church or civic relations
    • In case of 2 homes, change where homestead exemption is claimed
    It is important to discuss the income tax consequences of changing domicile with your JMF professional. You should make sure you discuss all of the facts and circumstances surrounding your move and make sure you are aware of the steps necessary to determine domicile and the documentation required upon audit to prove the change in domicile.
    Hosts: JamisonMoneyFarmer PC CPAs Kristi Moore and Kim Smith
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    15 min
  • The Corporate Transparency Act and Why Your Business Needs to Act Soon

    Rachel hosts Blake Madison about the new Corporate Transparency Act aka "CTA". The discussion covers Beneficial Ownership Information (BOI), management team members that might have substantial control, those filing requirements, and the exemptions criteria.

    Host: JamisonMoneyFarmer PC CPA Rachel Taylor
    Guest: Blake Madison of Rosen Harwood practices primarily in the areas of business, corporate, and commercial law; state and local taxation; nonprofit entities; health care compliance; and privacy and cyber security law. He is a frequent speaker on state and local tax, non-profit legal issues, and ethics matters.
    FINCEN Small Business Resources: https://www.fincen.gov/boi/small-business-resources
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: @jmfcpas
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    24 min
  • Preparing for Expiring and Sunsetting Tax Provisions in 2025

    Rachel and Kristi focus this week's episode on the sunsetting tax provisions of the Tax Cuts and Jobs Act (#TCJA) of 2017 which are slated to go away at the end of the 2025 tax year.

    We cover #business #tax topics like bonus depreciation, QBI, and the corporate rate which will not change with the TCJA sunset. On the personal or individual tax side, we cover the child tax credit, income tax brackets, the new standard deduction and the return of the personal exemption, and many of the itemized deduction changes like the SALT deduction and the mortgage interest changes.
    The TCJA effectively doubled the estate tax exclusion in 2017. For 2024, the amount is $13.61 million per individual. In 2026, the exclusion will be cut roughly in half. This is a great planning opportunity!
    Hosts: JamisonMoneyFarmer PC CPAs Rachel Taylor and Kristi Moore
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    24 min
  • Family Legacy Planning (Wills, POAs, Advance Directives) with Emilee Scheef

    Today's show covers several family legacy issues including the importance of wills, healthcare power of attorney, advanced directives and living wills, and the financial power of attorney.

    Host: JamisonMoneyFarmer PC CPA Orman Wilson
    Guest: Emilee Scheeff of Rosen Harwood practices regularly in the areas of business, corporate, and commercial law; state and local taxation; estate planning; wealth and asset protection; and business succession planning. She also regularly assists clients with navigating the probate process after the death of a loved one.
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: @jmfcpas
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    17 min
  • Preparing Your Business for Sale with Founders Advisors' Zane Tarence

    Today's show is a deep dive into preparing your business for sale. Carl and Bobby 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.
    Host: JamisonMoneyFarmer PC CPAs Bobby Bragg and Carl Jamison
    Guest: Zane Tarence, Partner and Head of Founders Advisors’ Technology and Business Services Group, is an experienced investment banker, entrepreneur and recognized expert on the growth and monetization of digital media, internet technology and software companies.
    Zane has authored the book titled. “17 Reasons Your Company Is Not Investment Grade & What To Do About It“. https://www.17-reasons.com/
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: @jmfcpas
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    46 min
  • Alabama's New Legislation in 2024 Affecting Businesses

    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.
    Host: JamisonMoneyFarmer PC CPA Carl Jamison
    Guests: The Chamber of Commerce of West Alabama's President and CEO Kyle South and the Business Council of Alabama's Executive Vice President Clay Scofield
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    45 min
  • New Employment Labor Laws Affecting Businesses

    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, the differences between exempt and non-exempt employees, the EEO data collection, and employee handouts.
    Related Overtime "OT" blog post: https://jmf.com/2024/05/navigating-change-understanding-the-latest-overtime-regulations/ ** Changes go into effect on July 1, 2024 and then change again January 1, 2025 **
    Host: JamisonMoneyFarmer PC Thornton Jamison
    Guests: David Hughes of law firm Hardin and Hughes
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440
    Subscribe:
    YouTube https://www.youtube.com/channel/UCwrS6kH6DmmY0YZDzkye6fw/subscribe
    Spotify https://open.spotify.com/show/6KpZxKIgBXYzJ71cNhi43Q
    Apple https://podcasts.apple.com/us/podcast/the-jmf-advisors-show/id1646676935

    47 min
  • What Can I do to Lower my Taxes and How Can I Maximize Tax Deductions?

    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.
    Hosts: JamisonMoneyFarmer PC CPAs Bobby Bragg and Kim Smith
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440

    27 min
  • Tracking your Business Expenses for Schedule C for Self-Employed Workers

    Our tax accountants discuss tracking using Schedule Cs on Form 1040 to report income or loss from a business you operated or a profession you practiced as a sole proprietor. We cover using bank accounts and credit cards to track income and expenses; Excel or #QuickBooks options, and reconciling accounts.

    We also talk about 1099-NEC and W-9 income, grouping expenses by type, and then other hot topic expenses like #automotive rules, meals, #homeoffice deductions, self-employed health, and SEP-IRA retirement plans.
    Hosts: JamisonMoneyFarmer PC CPAs Lauren Roberts and Kristi Moore
    We are having a general business conversation and we are human so not every detail, example, or exception might be an exact match to your circumstances or understanding, so please don’t hesitate to reach out for help or clarification.
    Connect with Us:
    Web: www.JMF.com
    Twitter: https://twitter.com/JMFCPAs
    Phone: 205-345-8440

    32 min

About The JMF Advisors Show

From the publisher's feed

The JMF Advisors Show is a podcast for business owners, c-suite executives, and entrepreneurs who