The Advanced 2021 Child Tax Credit
Many of you may have received a letter from the IRS regarding the Advanced 2021 Child Tax Credit. As part of the American Rescue Plan…
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Jun 16, 2021
News
Category: BMSS News
Jun 16, 2021
Treasury’s Green Book Provides Details on the Administration’s Tax Proposals
On Friday, May 28, 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green…
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May 19, 2021
“What’s My Business Worth?” A Business Valuation Can Help With the Answer
Written by BMSS Supervisor Dalton Hopper, CFE One of the most commonly asked questions from clients is, “What’s my business worth?” Whether you are planning to…
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May 05, 2021
State Unemployment Insurance (SUI) Fraud
As some of you may know, there has been an uptick in fraudulent unemployment claims throughout the state. With the influx of cases arising from…
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May 05, 2021
Tax Credits for COVID-19 Shots
In March, the Biden Administration signed the American Rescue Plan Act of 2021 (ARP), extending the availability of the Emergency Paid Sick Leave (EPSL) tax…
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Apr 07, 2021
President Biden Introduces the American Jobs Plan
One week ago, President Biden outlined a massive $2 trillion infrastructure proposal to address some of the issues that his administration consider to be the…
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Mar 24, 2021
Alabama Electing Pass-Through Entity Tax Act
In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One…
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Mar 24, 2021
The Shuttered Venue Operators Grant (SVOG) Program
If you are a business that relies heavily on events such as a theater, museum, or other live venue operator, there is an opportunity for…
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Mar 10, 2021
House Passed the American Rescue Plan Act of 2021
House Passed the $1.9 Trillion Bill after Revisions by the Senate The House passed the final version of the American Rescue Plan Act of 2021…
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Mar 09, 2021
PPP Update for Schedule C Filers
The SBA announced changes late on March 3rd to the PPP in the attached interim final rule that can impact schedule C filers. These borrowers…
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