Deadline Extensions for Affordable Care Act Information

In Notice 2016-4, released on December 28, 2015, the Service extended the due dates for the Affordable Care Act (ACA) information reports that certain employers and coverage providers must issue

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Stock Market: The Impact of Higher Interest Rates

On Dec. 16, the Federal Open Market Committee of the Federal Reserve Board announced that it was raising the target range for the federal funds rate from 1/4 percent to

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How Behavioral Finance Impacts Personal Investing

Financial planning can be intimidating, but personal financial planning is more like a puzzle you have to work out. That’s because traditional finance assumes that markets are rational and that

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Noteworthy Tax Changes for the New Year

The tax extender bill has passed and been signed by the president, giving individuals and businesses resolution on many items that were set to expire. Unlike earlier tax extender bills,

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Investing in the Silver Dollar Generation

Baby boomers continue to be a driving force in economic growth and innovation in the United States and throughout the world. In fact, people age 50 and older (which technically

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Tip: Year-End Technology Purchases May Lower Your Tax Bill

Before year’s end, make sure you take advantage of tax deductions that are intended specifically to help reduce technology costs for small- and mid-sized businesses. Section 179 of the tax

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Are You Prepared for an Audit on Worker Classifications in Your Organization? 1099 vs. W-2

The Department of Labor and the IRS have started looking at worker classification with greater scrutiny.  This is coming in the form of specialized audits that are focusing on independent

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Non-Profits Alert: Have You Applied for Your COE?

In an effort to reduce the amount of fraud and abuse of the sales tax-exempt privilege, a new requirement has been implemented for statutorily exempt, non-governmental, non-profit entities.   The statutorily

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Update: Alabama Accountability Act

In March of 2013, Governor Bentley signed into law Act 2013-64, which is the Alabama Accountability Act (AAA) of 2013.  The purpose of the Act is to fund scholarships for

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BMSS Named Best Accounting Firm to Work for in Alabama

BMSS is pleased to announce its recently released ranking in Accounting Today’s List of “Best Accounting Firms to Work for.” BMSS takes the 8th spot on the mid-size list, making

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2015 Year-End Tax Planning

As 2015 draws to a close, you may be giving consideration to possible year-end tax planning strategies. Taxpayers and their advisers engaged in year-end tax planning are challenged by the uncertainty of possible

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BMSS’ Von Hagel named 2015 Top 10 Public Accounting Professional Rising Star!

The National Academy of Public Accounting Professionals (NAPAP) has selected Stephen Von Hagel, CPA, of BMSS, LLC in Birmingham as one of the 2015 “Top 10 Public Accounting Professional Rising

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