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State Unemployment Insurance (SUI) Fraud
As some of you may know, there has been an uptick in fraudulent unemployment claims throughout the state. With the influx of cases arising from shutdowns during the pandemic, state
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Tax Credits for COVID-19 Shots
In March, the Biden Administration signed the American Rescue Plan Act of 2021 (ARP), extending the availability of the Emergency Paid Sick Leave (EPSL) tax credit and the Emergency Family
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President Biden Introduces the American Jobs Plan
One week ago, President Biden outlined a massive $2 trillion infrastructure proposal to address some of the issues that his administration consider to be the country’s most pressing problems, including
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Alabama Electing Pass-Through Entity Tax Act
In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One provision that passed deserves additional
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The Shuttered Venue Operators Grant (SVOG) Program
If you are a business that relies heavily on events such as a theater, museum, or other live venue operator, there is an opportunity for you to apply for grants
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House Passed the American Rescue Plan Act of 2021
House Passed the $1.9 Trillion Bill after Revisions by the Senate The House passed the final version of the American Rescue Plan Act of 2021 this afternoon with a vote
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PPP Update for Schedule C Filers
The SBA announced changes late on March 3rd to the PPP in the attached interim final rule that can impact schedule C filers. These borrowers may now receive, on new
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DCAA Audits Post COVID-19
Government contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to continue working with the government.
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Tax Implications of PPP Loans
Some small businesses may be hit with a surprise tax bill related to Paycheck Protection Program (PPP) loans unless Congress acts soon. If you have been following our emails and
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The Multi-Generational Workplace Seminar
On August 13th, BMSS hosted a keynote speaker and panel discussion about the different generations in the workplace and how to navigate the ins and outs of the different mindsets
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Please Welcome Our New Professionals!
We would like to announce and welcome our new accounting professionals who have started with BMSS over the past two months. We are very excited to have them join our
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TARIFFS SPARK FEARS OF RISING CONSTRUCTION COSTS: COULD INVESTMENT IN TECHNOLOGY BE THE ANSWER?
By Ian Shapiro, BDO As U.S. trade policy decisions continue to dominate headlines, the uncertain future of high-demand import prices has business leaders and lawmakers anxious. Earlier last year, President Trump
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