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JMA Attends NCCF 30th Anniversary Kickoff Celebration

By JMA Admin on Feb 22, 2016 in Uncategorized | 0 comments

JMA is a platinum sponsor of the Northern Chautauqua Community Foundation (NCCF). Kevin Wystup and Richard Johnson attended NCCF’s 30th Anniversary Kickoff Celebration, held on January 22, 2016 at 21 Brix. Wystup is a current partner at JMA and Johnson is a retired partner and founding member of JMA. Johnson was one of the NCCF’s founding members and a...

By JMA Admin on Feb 7, 2016 in Uncategorized | 0 comments

Retail and Restaurant Establishments Get Relief from the Tangible Property Regulations: The IRS has provided a safe harbor accounting method that taxpayers in the retail and restaurant industries can use to determine whether costs paid to refresh or remodel a qualified building are deductible repairs and maintenance expenses under IRC Sec. 162(a), or if they must be...

By JMA Admin on Feb 2, 2016 in Uncategorized | 0 comments

Join JMA in supporting the Seneca Diabetes Foundation’s Annual Chairman’s Ball on Friday, February 5th! To learn more about the Seneca Diabetes Foundation, get event information, or if you’d like to donate to the cause, visit senecadiabetesfoundation.org or...

By JMA Admin on Jan 18, 2016 in Uncategorized | 0 comments

Beginning on 1/1/2016, the standard mileage rates for cars, vans, pickups, and panel trucks will be 54 cents per mile for business miles, 19 cents per mile for medical or moving purposes, and 14 cents per mile for charitable purposes. The business expense rate is down 3.5 cents per mile from 2015, and the medical and moving expense rates are down four cents per mile...

By JMA Admin on Jan 4, 2016 in Uncategorized | 0 comments

WASHINGTON, D.C. (DECEMBER 21, 2015) BY DANIEL HOOD The Internal Revenue Service will begin accepting individual tax returns on Tuesday, Jan. 19, 2016, it announced today. The announcement followed the passage on Friday of the tax extenders legislation last Friday (see “Tax Extenders Pass Final Hurdle”). January 19 is one day earlier than the start of tax season in...

By JMA Admin on Dec 21, 2015 in Uncategorized | 0 comments

IRS Provides Tips for Year-end Gifts to Charity:  The IRS has reminded taxpayers making year-end charitable contributions to keep in mind current tax law requirements. To claim a deduction, donated clothing and household items must be in good or better used condition; monetary donations must be substantiated by a bank record or written statement; donations worth...