JMA is proudly sponsoring the Boys & Girls Club of Northern Chautauqua County’s 2017 Golf Tournament. The event will be held on July 28th at Shorewood Country Club in Dunkirk. Golfers will compete using a scramble format with prizes awarded to the top three teams. To learn more about the Boys and Girls Club of Northern Chautauqua County or to join JMA in...
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JMA was a proud supporter of the 2nd Annual Dunkirk-Lake Shore Air Show. The event was held at the Dunkirk Waterfront, July 2nd-3rd. The show included the following crowd favorites, as well as other acts: Misty Blues, an all-female parachuting team; Gordon Price, a 76-year-old veteran F-104 fighter pilot for the Royal Canadian Air Force and National Aerobatic...
Read MoreYou can be a millionaire without making a hefty salary — believe it. The formula is simple…work hard, live below your means, and start saving early. If you are able to consistently put away 10% of your salary and start early enough, the combination of compounding interest and time could get you there. To learn more read the full article from The Motley Fool....
Read MoreHere are three steps, identified by marketwatch.com, that you can take (in under an hour) to improve how your retirement investments are managed: Step 1: Start with your longevity (time: 10 minutes) Step 2. Identify an appropriate equity percentage (time: 20 minutes) Step 3. Identify high-fee investments to get rid of (time: 5 minutes) If you want to learn more...
Read MoreThere are two types of IRA’s, traditional and Roth. The primary difference between a traditional and a Roth IRA is the timing of when you pay income tax on the money in the account. With a traditional IRA, although you pay income tax on the withdrawals, you may be able to deduct the amount of your contributions in the year you make the withdrawal, which could...
Read MoreThe IRS’s Small Business/Self-Employed Division (SB/SE) has undertaken a new program for auditing expenses taken on Form 1040, Schedule F, Profit or Loss From Farming. The IRS believes that there may be compliance issues such as deducting expenses on the wrong form, deducting expenses actually belonging to another taxpayer, or deducting hobby losses. Another...
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