JMM & Associates

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JMM & Associates We are a full-service Accounting firm licensed in VT. We offer a broad range of services for business owners, executives, and independent professionals.

We are affordable, experienced, and friendly. JMM & Associates provides tax and accounting services in Chittenden County, particularly Colchester and Chittenden County, which are designed for individuals, businesses, and non-profit organizations. Our Colchester CPAs understand that earning the trust of a client is no easy task. As a business owner, the head of a nonprofit, or someone looking for individual tax help, you know the importance of having tax and accounting processes completed correctly. We give you the chance to get to know us and decide for yourself if our services can best help you. Jeff Morin, Barney McLean, Randall Sargent, and Karen Sheedy are CPAs with a passion for helping people and organizations in their community protect their finances. By working together, they are able to successfully serve the many needs of clients without losing a personal touch.

Lynda Camire, Michael Jones and Karen Sheedy attended the UVM Tax School's seminar on Trusts and Estates today. Getting ...
10/21/2026

Lynda Camire, Michael Jones and Karen Sheedy attended the UVM Tax School's seminar on Trusts and Estates today. Getting ready for another tax season serving our clients.

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disabi...
10/21/2026

Eligibility for Achieving a Better Life Experience (ABLE) accounts has expanded to individuals whose blindness or disability began before age 46. Until this year, the blindness or disability had to have begun before age 26. As a result, many people who weren’t previously eligible can benefit from these accounts beginning in 2026. ABLE accounts offer tax-advantaged savings for qualified disability expenses. The 2026 contribution limit is generally $20,000. In some cases, 529 plan funds can be rolled over tax-free to ABLE accounts, counting toward the annual limit. Call us at (802) 655-5665 to learn more.

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through ...
10/20/2026

You may need to make quarterly estimated tax payments if you own a sole proprietorship or an interest in a pass-through entity, which includes partnerships, S corporations and most limited liability companies. Changes in your business’s taxable income, deductions or overall tax situation may have altered your expected tax liability. A year-end projection can help you determine whether you’ll need to adjust your fourth-quarter estimated tax payment that’s due by January 15, 2027. Call us at (802) 655-5665 to review your situation.

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your e...
10/19/2026

Buyer beware! If you acquire a business with delinquent tax obligations, you could become liable for those debts. Your exposure primarily depends on how the deal is structured. In an asset purchase, buyers can generally avoid liabilities associated with the business, but certain state laws may allow creditors or tax authorities to pursue transferred assets. When buying ownership interests, liabilities typically remain with the business entity. Due diligence should include reviewing several years of tax returns for unpaid income, payroll, sales and property taxes, uncertain tax positions, and undisclosed liabilities. Call us at (802) 655-5665 for help identifying potential risks before closing.

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. ...
10/16/2026

Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created in 2025. The guidance provides new details on how you must identify, calculate and report qualified overtime income. For example, it clarifies that only FLSA-mandated overtime premiums qualify, notifies employers that separate reporting on Forms W-2 is required beginning in 2026, and confirms that overtime pay remains subject to federal income tax withholding. These changes may call for payroll system updates and a closer review of employee classifications and overtime practices. Call us for help preparing for the new requirements.

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some ex...
10/14/2026

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some expenses might decrease or disappear (commuting costs, mortgage payments), while others are likely to increase (health care, property taxes). Specificity, not to mention incorporating inflation into your calculation, is important. We can help — call us at (802) 655-5665.

If you ever wonder how your business’s financial results stack up against others in your industry, consider a benchmarki...
10/13/2026

If you ever wonder how your business’s financial results stack up against others in your industry, consider a benchmarking study. It can show you exactly where you stand. Contact us at (802) 655-5665 to get started. We’ll help you compare key financial metrics, highlight what you’re doing well and uncover areas that need attention. From there, we’ll help build a strategy to strengthen your financial footing and minimize risks in an ever-changing market. Let’s turn your financial statements into action plans!

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or ...
10/12/2026

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or inadvertently ignoring eligibility rules — for example, when workers must be allowed to start participating — can result in IRS penalties. It can also harm employees who are mistakenly excluded. Contact us at (802) 655-5665 with questions.

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing rec...
10/09/2026

Cryptocurrency holders: Be alert for a new IRS impersonation scam. Fraudsters are mailing fake IRS letters directing recipients to a bogus “Digital Asset Compliance Portal.” The letters instruct recipients to scan a QR code that leads to a fraudulent website designed to look like IRS.gov. The site may ask for personal information, cryptocurrency wallet details, or exchange account credentials that criminals can use to steal identities or digital assets. If you receive one of these letters, don’t respond. Report any suspicious communication to the IRS immediately. If you have questions about an IRS notice or digital asset reporting, we’re here to help. Contact us at (802) 655-5665.

If you find yourself looking for a good read about 990 preparation pitfalls check out the article by JMM's very own Anis...
10/09/2026

If you find yourself looking for a good read about 990 preparation pitfalls check out the article by JMM's very own Anisha in the Fall magazine from the New England Society of CPAs.

Address

463 Mountain View, Suite 403
Colchester, VT
05446

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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