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How Tariffs Will Impact Crude Oil Prices and What This Means for Consumers

Written by Steven Eilders, CPA, BMSS Manager Gas prices are a hot topic in the news right now – but many consumers find themselves overwhelmed by all of the changing

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Updating Responsible Party Information with the IRS

Organizations and businesses with an Employer Identification Number (EIN) are required to file Form 8822-B within 60 days of a change in their responsible party. This form is also used

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BMSS Manager Testifies Before the IRS on Behalf of the NACVA

Written by Dalton Hopper, CFE, CVA, ABV Recently, I had the opportunity to testify before the IRS in Washington, D.C. as a Standards Board member of the National Association of

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Beneficial Ownership Information (BOI) Reporting Update

If you’ve been paying attention to the news surrounding the beneficial ownership information (BOI) reporting requirement under the Corporate Transparency Act (CTA), then you know that it has undergone many

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How Executive Order 14173, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,” Affects Employer Responsibilities

Rebecca Tipton, SHRM-SCP, BMSS HR Advisory ServicesPutting the “Resource” in Human Resource Consulting Regardless of your particular political preference, I don’t think anyone could argue that these first few months

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Protecting Member Trust: Fortifying Credit Unions Against Cyber Threats

By Jonathan Perz (Abacus Technologies, Senior Security Analyst) In the evolving landscape of cybersecurity, credit unions are facing an unprecedented rise in cyberattacks, making it essential for them to bolster

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A Cloudy Sunset – TCJA Set To Expire in 2026

Written by Russell Goodman Uncertainty looming in Washington has CPAs and taxpayers across the country wondering the same thing.  What will happen if the Tax Cuts and Jobs Act (TCJA)

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BMSS Announces the Promotion of Laura Hanks, Wendy Lacey, Maura McDevitt and Trae Zablan to Member

BMSS Advisors & CPAs is proud to announce the promotion of Laura Hanks, CPA; Wendy Lacey, CPA; Maura McDevitt, CPA, MBA, CNAP, CGMA; and Trae Zablan, CPA, CGMA, CM&AA to

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As 2025 Approaches, Uncertainty Lingers Over Enforcement of the Corporate Transparency Act

The drama surrounding the beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA) has not taken a pause for the holidays and seems to be building for an

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Department of Justice Files Emergency Motion to Stay the Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement

Edit on December 23, 2024: The 5th Circuit Court of Appeals ruled today in favor of the US Government and has lifted the nationwide injunction that was ordered by a

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Changes to Form 1099-K Reporting

Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments, was required to be filed by Third-Party Settlement Organizations (TPSOs) only

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Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement

Yesterday, a judge in the U.S. District Court for the Eastern District of Texas issued a preliminary injunction, effectively blocking the U.S. Department of Treasury from enforcing the CTA’s beneficial

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