financial - BMSS, LLC

CECL for Nonprofits Is Here – Helping You Prepare

Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards

The Looming Social Security Shortfall: Why Saving for Retirement is More Crucial Than Ever

Written by Drew Nicol, CPA Social Security has been a staple of financial security for millions of Americans since 1937 providing essential support during retirement, disability, and other life-altering circumstances.

FedNow – Instant Payments to Launch July 2023

Written by Luke Arnett, CPA In this day and age, businesses and consumers want everything at the click of a button, including the ability to receive and send payments. The

What’s Your Ideal Life?

Beyond Financial Planning and Investment Advice Written by Chase Boardman, BMSS Wesson Wealth Solutions Picture this. You sign up for a bodybuilding competition a few months from now. To prepare,

Five FAQs about Embedded Leases

#1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of identified property, plant, or equipment

Daniel Brock Earns the Certified Construction Industry Financial Professional (CCIFP) Designation

Daniel Brock, CPA, CVA, CCIFP is now among the most highly qualified construction financial professionals in the industry, having recently earned the Certified Construction Industry Financial Professional (CCIFP) designation. According

Carpe Diem: Five Silver Lining Strategies for Recession

A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent business leaders and economists contend

LIFO Election – Is It Right for Your Business?

Written by Ryan Carter, CPA LIFO Reserve Over the past two years, we have all felt the impact of the current market inflation. From our personal lives to the businesses

Positive Pay

By Cooper Melvin, CPA, JD Due to a recent checking account fraud scheme in the local news, as a business owner or checking account holder, you may be wondering how

CECL for Nonprofits Is Here – Helping You Prepare

CECL for Nonprofits Is Here – Helping You Prepare

The Looming Social Security Shortfall: Why Saving for Retirement is More Crucial Than Ever

FedNow – Instant Payments to Launch July 2023

What’s Your Ideal Life?

Five FAQs about Embedded Leases

Daniel Brock Earns the Certified Construction Industry Financial Professional (CCIFP) Designation

Carpe Diem: Five Silver Lining Strategies for Recession

LIFO Election – Is It Right for Your Business?

Positive Pay

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