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BMSS Legacy Continues the Tradition of Community Service
BMSS Advisors & CPAs employees continue the tradition of serving the communities in which they live and work with a spring BMSS Serve Day on Thursday, May 12th. In Birmingham,
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100% ESOP-Owned Defense Department Government Contractors Eligible for Sole Source Awards on Follow-on Contracts
By Justin Tu, Norma Sharara & Blake Head with BDO United States With President Biden’s signing of the National Defense Authorization Act for Fiscal Year 2022 (Public Law No. 117-81) (the NDAA) on
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BMSS Member Mark Underhill Named BBJ 2021 Top 40 Under 40
BMSS Member Mark Underhill, CPA, CMAA, CVGA has been named a 2021 Top 40 Under 40 by the Birmingham Business Journal. This illustrious list honors up-and-coming stars of the Magic
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Cryptocurrency: The Next Financial Frontier
By Dalton Bradshaw, CPA In recent years, the unprecedented growth and public adoption of virtual currencies, also known as crypto currencies, have left many investors and professionals with questions and
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An Overview of the Infrastructure Investment and Jobs Act
Written by Dalton Bradshaw, CPA Supervisor After passing a House vote in July, H.R. 3684, originally introduced as the “Investing in a New Vision for the Environment and Surface Transportation
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Uncertainty Adds Urgency: Potential for Tax Increases Impacts M&A Transactions
Most business owners will buy or sell a company only once in their lifetime. It’s a pivotal moment in the lifecycle of any business as well as for the owner
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American Rescue Plan Act of 2021 Heads Toward House Vote in Days
On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end of this week. The panel
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Alabama Legislation Update
On Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama, and also impact individual taxpayers
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Update on COVID-19 Employment Tax Credits, including the Release of Form 7202
Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals On Tuesday, February 8, the IRS announced that a new form is available for eligible self-employed individuals
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Update on Biden Administration’s COVID-19 Relief Plan
Congressional committees are crafting legislation this week on specific components of President Joe Biden’s $1.9 trillion COVID-19 relief plan, the American Rescue Plan. These developments come after votes in the
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EOS Webinar Workbook
Thank you for joining us for BMSS Presents: Transforming Your Business Through EOS. Click here for the webinar workbook. Feel free to download and print it.
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Employee Retention Credit (ERC) Update
Employers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers may use ERCs to offset
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