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
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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
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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.
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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
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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
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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
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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
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BMSS Advisors & CPAs will begin processing extensions for calendar, year-end federal information returns (Form 990, Form 990-EZ, and Form 990-PF) in March 2026. Our firm policy is to file
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In Summary: Manufacturers in 2026 are navigating an increasingly complex environment shaped by evolving tariff policies and ongoing global supply chain disruptions. To remain competitive, companies must adopt more sophisticated
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Written by Brennan Peck, CPA, CM&AA For many business owners, the decision to sell marks a major milestone. It can represent the realization of years of hard work and create
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In Summary: In today’s volatile manufacturing environment, selecting the right inventory valuation method is a strategic decision that directly impacts profitability, tax liability, cash flow, and lender relationships. This article
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In Summary: This article explains how AI-powered cost accounting platforms are helping manufacturing CFOs gain real-time visibility into indirect costs, improving pricing accuracy and protecting profit margins. It highlights how
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