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Understanding Quality Control Costs in Manufacturing

Quality-related costs impact nearly every part of a manufacturing operation. Scrap, rework, warranty claims, downtime, delayed shipments, and lost production capacity can all affect profitability and operational efficiency. Most manufacturers

New IRS Business Tax Accounts Are Now Available for Exempt Organizations

The IRS has expanded its Business Tax Account (BTA) portal to now include tax-exempt organizations, giving nonprofits more direct, digital access to their tax information than ever before. This is

Your Credit Union Is Already Facing New Cybersecurity and AI Governance Expectations. Is Your Institution Ready?

In Summary: Credit unions are facing heightened cybersecurity and AI governance expectations from regulators, with NCUA and FFIEC examiners increasingly requiring evidence that security controls, risk management processes, and operational

Important Tax Update: How a Recent Court Decision May Entitle You to a Refund or Removal of IRS Penalties and Interest

Kwong v. United States — Deadline to Act: July 10, 2026 A recent court ruling — Kwong v. United States — may allow certain taxpayers to get back money they

BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Named 2026 Chair of the AICPA

JACKSON, Miss., May 21, 2026 – BMSS Advisors & CPAs is proud to announce that longtime Member, Jan Lewis, CPA, CGMA, has been inaugurated as the 113th Chair of the

Close-up of a device screen showing the IRS official website header, including the United States government banner, flag icon, and navigation links like File and Pay on a blue background.

AI-Powered Tax Enforcement: What the IRS’ Data-First Compliance Model Means for Your Business

In Summary: The IRS is rapidly modernizing its enforcement approach by using data analytics and artificial intelligence to identify potential tax noncompliance more efficiently and accurately. For businesses, especially those

Manufacturing Overhead and Cost Control

Manufacturers expect sales and production to increase this year, but costs are still climbing. With all of the upheaval in today’s economic landscape, labor, materials, and energy are all more

Hand writing on paper with translucent futuristic dashboards showing risk monitoring and compliance panels.

Do You Have an Approved Accounting System? The Million-Dollar Question for Government Contractors

For small government contractors pursuing cost-type contracts, an approved accounting system is not just a compliance checkbox – it can be the deciding factor in winning or losing a contract.

The AI Dirty Dozen

The Top 12 Errors, Risks, and Mistakes in the Use of AI Written by Micah Murphy, CPA, BMSS AI Advisory In Summary: AI adoption in business is no longer a

How Real-Time Inventory Tracking Helps Manufacturers Stay Resilient During Supply Chain Disruptions

In Summary: Real-time inventory tracking is helping manufacturers navigate ongoing supply chain disruptions by improving visibility, reducing costs, and enabling faster, more informed decisions. By combining accurate inventory valuation methods

Protecting Your Bottom Line: Financial Controls Every Manufacturer Should Strengthen

In Summary: Manufacturing companies face unique financial vulnerabilities that can silently erode profitability, from inventory theft to fraudulent invoices and misallocated costs. Strong internal financial controls are essential not only

Putting Employees First Fuels Growth at BMSS

In an industry experiencing unprecedented transformation, the BMSS Family of Companies has discovered a counterintuitive truth: taking care of employees is the most direct path to client success and firm

Understanding Quality Control Costs in Manufacturing

Understanding Quality Control Costs in Manufacturing

New IRS Business Tax Accounts Are Now Available for Exempt Organizations

Your Credit Union Is Already Facing New Cybersecurity and AI Governance Expectations. Is Your Institution Ready?

Important Tax Update: How a Recent Court Decision May Entitle You to a Refund or Removal of IRS Penalties and Interest

BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Named 2026 Chair of the AICPA

AI-Powered Tax Enforcement: What the IRS’ Data-First Compliance Model Means for Your Business

Manufacturing Overhead and Cost Control

Do You Have an Approved Accounting System? The Million-Dollar Question for Government Contractors

The AI Dirty Dozen

How Real-Time Inventory Tracking Helps Manufacturers Stay Resilient During Supply Chain Disruptions

Protecting Your Bottom Line: Financial Controls Every Manufacturer Should Strengthen

Putting Employees First Fuels Growth at BMSS

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