Changes to Form 1099-K Reporting for 2022
Written by Cooper Melvin, J.D., CPA Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments,…
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Oct 05, 2022
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!
Sep 21, 2022
IRS Offers Late Portability Election Relief to Estates
By Dalton Bradshaw, CPA On July 8, 2022, in a taxpayer-friendly move, the IRS announced relief for estates making a late portability election for a…
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Sep 21, 2022
As IRS Woes Continue, What Can You Do?
If you’ve been listening to the news over the past couple of years, you’re aware that the IRS is facing serious challenges. And, while the…
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Sep 07, 2022
Name, Image and Likeness Collides with Taxes
Written by Cooper Melvin, J.D., CPA Background Name, Image and Likenesses (NIL) has been in the news – sports media and generally – in a…
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Sep 07, 2022
Considerations for the Employee Retention Credit
Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees…
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Sep 07, 2022
Carpe Diem: Five Silver Lining Strategies for Recession
A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent…
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Aug 24, 2022
Biden Signs the Inflation Reduction Act of 2022
Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion…
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Aug 10, 2022
Review the 2022 BMSS Client Survey Results
As many businesses are focused on the possibility that the country could be heading into a recession, BMSS conducted a survey to gauge clients’ feel…
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Aug 10, 2022
Inflation Reduction Act of 2022
By Dalton Bradshaw, CPA On July 27, 2022, Senate Majority Leader Charles Schumer and Senator Joe Manchin struck a deal to revive a Democratic reconciliation…
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Aug 09, 2022
Have You Been Referred to Alliantgroup?
Alliantgroup is a national management and tax consulting firm that works with CPA firms and their business clients to identify and claim federal and state…
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