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BMSS Video Series: How Tax Reform Impacts You and Your Business
With all the changes made in the recently enacted tax reform legislation, we at BMSS are committed to keeping you informed and providing you with peace of mind. That’s why
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Congress Passes “Tax Cuts and Jobs Act”
Both Houses of Congress passed the “Tax Cuts and Jobs Act” (TCJA) today. President Trump has said he will sign the bill into law. The Act provides the most comprehensive
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2017 Tax Planning Letter
Dear BMSS Clients and Friends, As the end of 2017 approaches, you are likely giving consideration to year-end tax planning strategies. For the last several years, we have faced uncertainty
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2017 Personal Use of a Company Automobile
Dear Clients, 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
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BMSS Welcomes Banker Merrill Johnston, Jr. as Part of Firm’s Strategic Growth Plan
Birmingham, AL – BMSS is proud to welcome Birmingham community member, seasoned banker and friend of the firm Merrill Johnston, Jr. as firm consultant and business developer. In his new
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SPECIAL ALERT: House Releases Tax Cuts and Jobs Act (H.R. 1)
Following many months of conjecture regarding what could be included in Trump-era tax reform, legislative language has arrived with the release of the Tax Cuts and Jobs Act (H.R. 1). The
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Special Alert:Tax Reform Efforts Heat Up
Dear BMSS Clients and Friends, On Wednesday, September 27th, President Trump gave a speech in Indianapolis to outline his new tax plan. The following day, White House Press Secretary Sarah
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SPECIAL ALERT: Possible Changes to ACA
Dear BMSS Clients and Friends, Prior to its July 4th holiday, the Senate released its amended version of the House’s American Health Care Act (H.R. 1638). The American Health Care
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White House Unveils Tax Plan
On Wednesday, April 26th, the White House unveiled its tax plan in a press briefing introduced by Sean Spicer and conducted primarily by Treasury Secretary Steven Mnuchin and the Director
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Dangerous W-2 Phishing Scam Evolving
The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the
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BMSS Welcomes Its Newest Employees
BMSS would like to welcome and introduce the newest members of our team. We are fortunate to have the opportunity to add these talented professionals to our rank of wonderful employees. Please
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Completed-Contract Method Permitted for Grading and Soil Compaction Long-Term Contracts
IRS Chief Counsel, in a Technical Advice Memorandum (TAM), has determined that long-term construction contracts requiring grading and soil compaction of the pad area necessary to construct home foundations qualified
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