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 and agencies are also responding

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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. We understand you are concerned

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Nonprofit Newsflash, Winter 2020

We want to make sure your organization stays on top of the ever-changing tax laws and regulations while staying in the best position to foster growth and continued success. We

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2019 Personal Use of a Company Automobile

According to IRS regulations, the personal usage of company cars by employees must be treated as taxable compensation income (and is subject to normal payroll taxes). In valuing this compensation,

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Revenue Recognition and Leases Update

In the upcoming months and years, numerous changes will go into effect in regards to the implementation of revenue recognition and lease accounting standards. Do not let these changes overwhelm

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BMSS Welcomes Nationally Acclaimed Accounting Expert and Speaker, Michael Brand, CPA, CGMA to the Firm

BMSS, LLC is proud to welcome nationally acclaimed, accounting industry expert and speaker, Michael Brand, to the firm as its newest member. A resident of Athens, AL, Brand received his

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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 several nonprofit organizations. Throughout October,

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Avoiding the Bid Law Pitfalls

by Brian Harris During my 25 years auditing governments across the great State of Alabama, one of the most common themes in my audit findings involved noncompliance with applicable state

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Opportunity Zones – An Opportunity Like No Other

by Mark Underhill, CPA What if I told you that you could defer your capital gains on the sale of an investment until potentially 2026 and exclude up to 15

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A Tale of Two Accounting Firms: Making Sure Your CPA is Approaching Your Business and Personal Finances Holistically

by Laura K. Watkins, BMSS, Marketing Manager Imagine you are presented with the option of hiring one of two types of fitness trainers. Since we’re approaching warmer weather and trips to the neighborhood pool or

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Not Just Number Crunchers

By: Laura Price People see accountants as number crunchers, usually with pocket protectors and tape around their glasses to hold them together. Here at BMSS, we’re different. I am fortunate

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Why You Should Outsource Your Accounting Needs

Written by: Katherine Aikens, BMSS Opelika team member Keeping up with all of your accounting records and bookkeeping can be really tough. CFO Advisory Services can solve those problems for you.

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