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Tax Season 2026 is Here: What Do You Need to Know?
With tax season now underway, many of our clients are asking the same question: What do I need to know to make this process go smoothly? For most of the
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Q1 2026 Construction Tax Planning: Maximizing OBBBA’s New Depreciation Rules
In summary: The One Big Beautiful Bill Act (OBBBA) offers construction companies significant new tax planning opportunities in 2026, including permanent 100% bonus depreciation, expanded Section 179 limits, and a
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City Business License Renewal Deadlines Are Approaching
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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Trump Accounts: Childhood Savings Just Got YUGE
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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Meal Deductibility Changes Under the OBBBA
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 Childcare Tax Credits (2025–2027) – Opportunities for Employers and Childcare Providers
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 Rural Hospital Investment Tax Credit (2026-2028) – Planning Opportunity Starting in 2026
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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BMSS Family of Companies Takes Top Spot Among Large Companies – Best Companies to Work for in Alabama
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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Social Security Wage Base Update
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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Federal 941 Payroll Tax Lookback Procedures
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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Building Tomorrow’s Accounting Leaders: Why Young CPAs Need Strong Mentorship Programs
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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Strengthening Your 2026 Budget Through Strategic Vendor Review
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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