BMSS News

Preparing for W-2 and 1099 Season

The holidays are around the corner, and before you know it, January 2024 will be here! Let’s take a look at what you can do now to make the preparations

BMSS Legacy Continues Fall Serve Day Initiative

Throughout the fall of 2023, employees from BMSS Advisors & CPAs’ Family of Companies participated in the annual serve days, continuing a long-standing tradition of partnering with local charitable organizations.

99% of the S&P 500 is Reporting on ESG and 65% are Obtaining ESG Assurance

ESG* Reporting Is on the Rise Despite the blowback against ESG in politics and in the media, companies are actively engaged in sustainability and ESG reporting. That’s because investors are

Your Alabama Tax License Renewal is Due December 31, 2023

Beginning November 1, 2020 and going forward, taxpayers are required to renew the State of Alabama Tax License annually. 2024 License Renewal Due Date: 12/31/2023 The My Alabama Taxes (MAT)

Proposed Salary Threshold Changes for FLSA Exemption Status

Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the “Resource” in Human Resource Consulting As those familiar with the Fair Labor Standards Act will know, designating an employee as

EEO-1 Data Collection Window for 2022 Approaching

Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the “Resource” in Human Resource Consulting After many recent delays, the EEO-1 Data Collection Window is due to open on October

Think Beyond Stocks and Bonds

An Introduction to Multi-Asset Investing By Daniel Phillips, CFA®, CFP® All investment decisions have an opportunity cost. There is always an alternative that could have yielded a different outcome. And

Alabama Sales Tax Rate Reduction on Food Effective as of September 1, 2023

Alabama recently updated the state-level sales tax rate on food, reducing it from 4% to 3%, effective September 1, 2023. This does not affect local jurisdiction rates such as city

Attention: Update to Business Personal Property Tax Filing Process

Beginning October 1, 2023, the OPPAL system will be a component of My Alabama Taxes to electronically file your business personal property return. If you (or BMSS on your behalf)

Business Personal Property Tax – Looking Forward

It’s that time of year again, Business Personal Property Tax Returns are quickly approaching! Take a look below at some of the things to start thinking about in the coming

I-9 Compliance: Navigating the Updated Form and Remote Verifications

Written by Rebecca Tipton, SHRM-SCP, BMSS HR Services The I-9 form is one of the main cornerstones of compliance for onboarding so that employers can demonstrate their employees’ eligibility to work

Maximize Your Tax Savings and Make a Positive Impact: Work Opportunity Tax Credit

Written by Sarah Shirley Ever since the world seemingly stopped during the COVID-19 pandemic, people everywhere have started placing greater importance on making a positive impact in the world and

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