BMSS Blog

Is Your Manufacturing Company Doing Enough to Prevent Cyber Attacks?

Manufacturing companies face a growing reality: cyber-attacks are no longer a question of “if” but “when.” According to recent cybersecurity research, ransomware attacks on manufacturers accounted for over half of

Making Technology Work for Your Mission: Essential Strategies for Nonprofit AI and Data Analytics Implementation

In Summary: Nonprofits are facing rising costs, tighter funding, and increased scrutiny, making technology like AI and data analytics more essential than ever for sustaining impact. The article explains that

Q1 2026 Construction Tax Planning: Maximizing OBBBA’s New Depreciation Rules

In summary: The One Big Beautiful Bill Act (OBBBA) offers construction companies significant new tax planning opportunities in 2026, including permanent 100% bonus depreciation, expanded Section 179 limits, and a

Outlook for the Oil & Gas Industry Following Venezuela & Maduro

In Summary: Despite holding the world’s largest proven crude oil reserves, Venezuela currently produces less than 1% of global oil supply due to decades of nationalization, mismanagement, and political interference.

Trump Accounts: Childhood Savings Just Got YUGE

Written by Sarah Shirley, BMSS Supervisor Move over, piggy banks! The One Big Beautiful Bill Act (OBBBA) introduces a new way for kids to save, and it’s making quite the

Nonprofit Annual Report Filing Requirement in Mississippi

Written by Maura McDevitt, CPA, CNAP BMSS Member Remember to file your Mississippi annual report! The window opened on January 1, 2026 and will close May 15, 2026. Last year

BMSS Family of Companies Takes Top Spot Among Large Companies – Best Companies to Work for in Alabama

Each year, Business Alabama, in partnership with the Best Companies Group, conducts a comprehensive employee survey to identify the best places to work across the state. This year, forty organizations

Social Security Wage Base Update

The wage base limit is the maximum wage that’s subject to Social Security tax for that year. In 2025, the Social Security Wage base was $176,100 and is increasing to

Federal 941 Payroll Tax Lookback Procedures

IRS Notice 931 (Rev. September 2025), Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income tax, social security and Medicare tax. If your company

Building Tomorrow’s Accounting Leaders: Why Young CPAs Need Strong Mentorship Programs

The accounting profession is undergoing a transformation. As artificial intelligence (AI) automates routine tasks and clients increasingly expect proactive, strategic guidance, the firms that will thrive are those investing in

Strengthening Your 2026 Budget Through Strategic Vendor Review

In Summary: A strategic vendor review is a powerful yet often overlooked approach that can uncover savings, improve efficiency, and strengthen supplier relationships for businesses. By evaluating vendor consolidation opportunities,

Maximizing Year-End Cash Flow for Manufacturing Companies

As 2025 comes to a close, manufacturing businesses across the United States face another year of rapid change; tariffs, logistics pressures, and tax reforms continue to impact profitability. To help

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