In Summary: Despite holding the world’s largest proven crude oil reserves, Venezuela currently produces less than 1% of global oil supply due to decades of nationalization, mismanagement, and political interference.
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If you are an organization that conducts business within a city’s limits, depending on the nature of your business, you may be required to obtain a business license from the
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Written by Sarah Shirley, BMSS Supervisor Move over, piggy banks! The One Big Beautiful Bill Act (OBBBA) introduces a new way for kids to save, and it’s making quite the
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Written by Maura McDevitt, CPA, CNAP BMSS Member Remember to file your Mississippi annual report! The window opened on January 1, 2026 and will close May 15, 2026. Last year
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With the recent passage of the One Big Beautiful Bill Act (OBBBA), important changes to meal deductibility will take effect beginning in 2026. As your accounting advisors, we want to
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Alabama enacted tax incentives beginning in 2025 to expand childcare capacity and support workforce participation. The program includes (1) an Employer Child Care Tax Credit, and (2) a Child Care
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Alabama has enacted a Rural Hospital Investment Tax Credit that can provide a dollar-for-dollar Alabama tax credit for cash donations to Board-approved, eligible rural hospitals or certain approved third-party entities
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Each year, Business Alabama, in partnership with the Best Companies Group, conducts a comprehensive employee survey to identify the best places to work across the state. This year, forty organizations
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The wage base limit is the maximum wage that’s subject to Social Security tax for that year. In 2025, the Social Security Wage base was $176,100 and is increasing to
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IRS Notice 931 (Rev. September 2025), Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income tax, social security and Medicare tax. If your company
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The accounting profession is undergoing a transformation. As artificial intelligence (AI) automates routine tasks and clients increasingly expect proactive, strategic guidance, the firms that will thrive are those investing in
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In Summary: A strategic vendor review is a powerful yet often overlooked approach that can uncover savings, improve efficiency, and strengthen supplier relationships for businesses. By evaluating vendor consolidation opportunities,
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