Rachel Butler - BMSS, LLC

Tax Amnesty for Delinquent Alabama Taxpayers – Limited Window of Opportunity Requires Immediate Action

For the first time ever, the Alabama Department of Revenue (ADOR) is offering taxpayers a formal amnesty program for resolving delinquent taxes administered by the ADOR. In the past, taxpayers

The New IRS Partnership Audit Rules – Significant Changes on the Horizon Require Attention

Written by Steven N. Smith, CPA, JD The Bipartisan Budget Act of 2015, enacted on November 2, 2015, includes significant changes in IRS rules regarding the tax examinations of

One-Year or Two-Year Deferrals: Gift Card Tax Rules

Written by Ross Mendheim, CPA What do you get for that hard-to-buy-for relative on their birthday? Or, what do you give a client to show your appreciation for his/her business?

Understanding the CECL – How Does It Affect You?

Written by Scott Stevens, CPA, CGMA FASB Issues New Guidance on Accounting for Credit Losses The Financial Accounting Standards Board (FASB) recently issued a new accounting standard that will change

Ratio Analysis – What’s Really Happening?

Written by John P. Shank, CPA, CGMA In the manufacturing industry, it’s so important to know where your company stands, both operationally and financially. While your company prepares financial

Establishing a Strategy for Addressing Cybersecurity in Governmental Agencies

In a technology driven world, cybersecurity concerns affecting governmental agencies are constantly evolving. These concerns can significantly complicate oversight of risks by those charged with governance over these agencies. As

The Alabama Historical Rehabilitation Tax Credit

Perhaps you have attended one of the recent performances at the newly renovated Lyric Theatre in the rebounding downtown Birmingham economic district. Or, perhaps on your last visit to Alabama’s

Exempt or Non-Exempt? Employee Classifications: Are You Ready for an Audit?

Written by Kay Troupe, Director of HR Support Services, Payroll & Benefit Solutions What happens if you receive a letter from the Department of Labor (DOL) stating that you are

Over-Reported Tax and Sales and Use Tax Audits

What you don’t know will cost you. Most companies are audited by state taxing authorities every four years and the outcome of each audit can be an unplanned assessment. Unfortunately,

Alabama House Approves state income tax credit for small businesses

New legislation was approved on Tuesday by the Alabama House of Representatives that would provide a state income tax credit to small businesses. The $1,500 tax credit is applicable for

Tax Basics – What All 20 and 30 Somethings Need to Know

Whether you prepare your tax return yourself or hire a professional, there are certain things you should know. Often it is not until a person reaches their mid- to late

BMSS NEWS

Welcome to the BMSS Team! BMSS would like to welcome the newest members to our sister companies! Caroline Raughley joined Abacus as a Business Development Representative and Michelle Ramage and

Tax Amnesty for Delinquent Alabama Taxpayers – Limited Window of Opportunity Requires Immediate Action

Tax Amnesty for Delinquent Alabama Taxpayers – Limited Window of Opportunity Requires Immediate Action

The New IRS Partnership Audit Rules – Significant Changes on the Horizon Require Attention

One-Year or Two-Year Deferrals: Gift Card Tax Rules

Understanding the CECL – How Does It Affect You?

Ratio Analysis – What’s Really Happening?

Establishing a Strategy for Addressing Cybersecurity in Governmental Agencies

The Alabama Historical Rehabilitation Tax Credit

Exempt or Non-Exempt? Employee Classifications: Are You Ready for an Audit?

Over-Reported Tax and Sales and Use Tax Audits

Alabama House Approves state income tax credit for small businesses

Tax Basics – What All 20 and 30 Somethings Need to Know

BMSS NEWS

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