Business Personal Property Tax Reminder

It’s time for Business Personal Property Tax Returns! Keep an eye on your mail for the 2022 tax year return from your county, and your OPPAL pin for online filing.

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Your Alabama Unclaimed Property Report is Due November 1, 2021

If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This report covers property that is

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Communications from BMSS

As a client of BMSS, you can expect to receive various communications containing information that may be relevant to you or your business.  Those communications come in a variety of

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IRS Program for Auditing Large Partnerships to Begin Soon

Last month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of Beyond the Bottom Line, we

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Uncertainty Remains Over the Administration’s Tax Policy as Year-End Approaches

Written by Steve Smith, J.D., CPA As we move into the fourth quarter of calendar year 2021, the uncertainty over the Administration’s tax policy remains a significant challenge for businesses

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How Deal Insurance Improves M&A Transaction Execution

By Michael Williams, Managing Director, Transaction Advisory Services, BDO USA, LLP The use of representations and warranties (R&W) insurance in mergers and acquisitions has grown significantly over the past several

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The Importance of Retaining Tax Records

By: Cooper Melvin, J.D. We discussed in a recent Beyond the Bottom Line that the Biden administration’s tax plans include significant funding increases for the IRS. Therefore, in the coming

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Business Personal Property Tax (Ad Valorem) – Looking Forward

Business Personal Property Tax Return deadlines are quickly approaching! Take a look below at some of the things to consider in the coming weeks. What is the Business Personal Property

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Update on the Biden Administration’s Tax Proposals

By Cooper Melvin, J.D. In June, we provided a summary of the Green Book proposals, a glimpse into the Biden administration’s tax plan. On Monday, House Committee members made a

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M&A Stories – How to ‘Deal’ with Unwelcome Surprises

Surprises are rarely good. There are many different emotions that come with the experience of surprise: fear, anxiety, and joy—to name a few. Deals can also cause the same emotions

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Book and Tax Implications of Earnouts

One of the many challenges in any deal negotiation is for the buyer and seller to reach an agreement on the purchase price. This is especially true during times of

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Expectation of Increasing IRS Audits in the Future

Our experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the years prior to that period.

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