LIFO Election – Is It Right for Your Business?
Written by Ryan Carter, CPA LIFO Reserve Over the past two years, we have all felt the impact of the current market inflation. From our…
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May 18, 2022
News
Category: BMSS News
May 18, 2022
Understanding Your Buy-Sell Agreement – Part 2
Written by Dalton Hopper, CVA, CFE Recently, we kicked off a series discussing buy-sell agreements and what business owners and business advisors should know when…
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May 10, 2022
BMSS Legacy Continues the Tradition of Community Service
BMSS Advisors & CPAs employees continue the tradition of serving the communities in which they live and work with a spring BMSS Serve Day on…
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May 04, 2022
Newly Released Proposed Regulations Regarding Post-Death Distributions from Inherited IRAs and Retirement Plans
Written by Ashley G. White, JD, CPA The SECURE Act (the “Act”) became law effective January 1, 2020, and made significant changes to the rules…
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May 03, 2022
Understanding Your Buy-Sell Agreement – Part 1
Written by Dalton Hopper, CFE, CVA We are starting a short series on how business owners and their advisors can prepare an exit strategy by…
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May 03, 2022
Package of Tax Provisions?
With the prospects of a comprehensive U.S. tax legislative package unlikely, one possible path for Congress is the consideration of smaller, more targeted pieces of…
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Apr 20, 2022
Significant Amendment to the Alabama Accountability Act
Written by Steve Smith, JD, CPA On April 14th, Governor Ivey signed Senate Bill 261 (SB261) into law, raising the current cap on contributions under…
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Apr 20, 2022
Fraud in the Workplace, Can You Spot the Warning Signs?
Written by Dalton Hopper, CFE, CVA Recently, the American Institute of Certified Public Accountants (AICPA) FLS Fraud Task Force released its Eye on Fraud. This…
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Apr 20, 2022
Tax Considerations for Private Equity Funds and Investors
Written by Jeff Bilsky and Verenda Graham. The federal income tax rules that apply to private equity funds and investors have been the subject of…
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Apr 06, 2022
2022 Alabama Unemployment Tax Rate Notices
What’s happening? The Alabama Department of Revenue has started releasing 2022 Tax Rate Notices. Alabama no longer mails paper copies of these notices, so employers…
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