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Completed-Contract Method Permitted for Grading and Soil Compaction Long-Term Contracts

IRS Chief Counsel, in a Technical Advice Memorandum (TAM), has determined that long-term construction contracts requiring grading and soil compaction of the pad area necessary to construct home foundations qualified

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Form I-9 Revision

The U.S. Citizenship and Immigration Services (USCIS) recently published a revised version of the Employment Eligibility Verification Form (Form I-9).  The new form, dated 11/14/2016, will be required for use

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Last Minute Tax Planning Ideas

Written by: Brad Brown, CPA It is hard to believe that 2016 is drawing to a close. The new year will be here before we know it, but there is still

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Meet the 2016 15th Ranked Best Firm to Work For

Accounting Today announced the 2016 Best Midsized and Large Firms to Work For.  BMSS ranked #15!  We can’t thank our wonderful employees enough for their great attitudes, great service and

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Welcome to our newest team members!

BMSS would like to welcome and introduce the newest members of our team.  We are fortunate to have the opportunity to add these talented professionals to our rank of wonderful employees.  Please

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How Will Higher Rates Affect You?

What this might mean for M & As Written by Stephanie Huovinen, CPA The Federal Reserve has started raising U.S. interest rates. If you’re contemplating a business acquisition or sale

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License to Kill Opportunity

Written by Andrew A. Yerbey, Alabama Policy Institute Senior Policy Counsel In Alabama, we expect—quite rightly—our fellow citizens to pull themselves up by their own bootstraps. But what if there

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Champion In Your Corner

Written by Amy Stapler, CPA “Behind every small business, there’s a story worth knowing. All the corner shops in our towns and cities, the restaurants, cleaners, gyms, hair salons, hardware

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Closing the GAAP on Accounting Changes

Written by Derrel Curry, CPA, CGMA Several accounting and reporting changes are effective for your calendar year 2016 financial statements or your fiscal year-end 2017 financial statements, collectively referred to

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Rising Stars of Birmingham Business

Congratulations to Mark Underhill for being named one of the Birmingham Business Journal’s Rising Stars of Birmingham Business!  Mark works primarily with privately held companies and their owners in the areas

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About Town: BMSS 25th Anniversary

BMSS, the largest locally-owned accounting firm in Birmingham, kicked off their 25th anniversary by inviting clients, employees and friends to a celebratory event at the historic Florentine Building in downtown

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BMSS to expand into Huntsville

Birmingham’s BMSS on Tuesday announced the firm is expanding its footprint into Huntsville, opening a new office located at 4245 Balmoral Drive. With nearly 100 clients in Northern Alabama and

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