Important Update on the Paycheck Protection Program
In the latest effort to help small businesses and individuals, the CARES Act was announced last week. This past Wednesday, the Treasury Department provided the…
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Apr 03, 2020
News
Newsletter
Beyond the Bottom Line
Beyond the Bottom Line is the BMSS newsletter, within which you will find relevant firm news, savvy business insights and industry-specific accounting updates accompanied by clear explanations of how they may affect you and your business. View the library of issues below, and click to read and download each issue. The individual articles below are all from issues of Beyond the Bottom Line. Use the search feature below to locate articles by topic, industry, author and more. We hope these articles add great value to your business!
Beyond the Bottom Line – January 2018
Beyond the Bottom Line – March 2018
Beyond the Bottom Line – June & July 2018
Beyond the Bottom Line – August & September 2018
Mar 17, 2020
Washington Update and the Families First Coronavirus Response Act
Many businesses are in their second regular business day after the President declared a national emergency on Friday. Federal, state and local governments bodies…
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Mar 17, 2020
An Important Message Regarding the Coronavirus
Dear Valued BMSS Clients & Friends, We understand you have been inundated by an overwhelming flood of information regarding coronavirus (COVID-19). We have been too….
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Dec 16, 2019
What’s New at BMSS
We’d Like to Welcome Our New BMSS Professionals! Serve Day 2019: Throughout October, BMSS’ Birmingham locations volunteered at several local nonprofits including, Christian Service Mission, Bundles…
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Dec 16, 2019
Tax Updates for 2020
As we approach the holiday season, it looks like enough of us have made the Nice List for the IRS to leave us some small…
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Dec 12, 2019
Have You Considered Your Tax Planning Strategies?
As the end of 2019 approaches, you are likely giving consideration to year-end tax planning strategies. House Republicans and the Trump Administration are talking taxes,…
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Dec 11, 2019
Federal 941 Payroll Tax Look-back Procedures
IRS Notice 931, Deposit Requirements for Employment Taxes, https://www.irs.gov/pub/irs-pdf/n931.pdf lists requirements for depositing payroll taxes such as withheld federal income tax, Social Security and Medicare…
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Dec 11, 2019
Tax Planning – What to Consider if You’re in the Construction Industry
(This article is based on our annual year-end tax planning letter but has been modified to include aspects pertaining specifically to the construction industry. For…
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Dec 11, 2019
5 Tips for Implementing the Lease Accounting Standard
Information is from the AICPA. Click here for full article. When implementing the standard, private company CPAs should consider the following: 1. Companies will be…
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Oct 24, 2019
BMSS Continues Legacy of Giving Back to Local Communities
Employees from BMSS’ Birmingham locations have been “working” outside the office over the past few months. They have been serving hands-on throughout the city with…
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