Changes to Form 1099-K Reporting for 2022
Written by Cooper Melvin, J.D., CPA Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments,…
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Oct 05, 2022
News
Category: BMSS Trending Issues
Oct 05, 2022
Your Alabama Unclaimed Property Report is Due November 1, 2022
If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This…
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Sep 21, 2022
IRS Offers Late Portability Election Relief to Estates
By Dalton Bradshaw, CPA On July 8, 2022, in a taxpayer-friendly move, the IRS announced relief for estates making a late portability election for a…
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Sep 21, 2022
As IRS Woes Continue, What Can You Do?
If you’ve been listening to the news over the past couple of years, you’re aware that the IRS is facing serious challenges. And, while the…
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Sep 20, 2022
Daniel Brock Earns the Certified Construction Industry Financial Professional (CCIFP) Designation
Daniel Brock, CPA, CVA, CCIFP is now among the most highly qualified construction financial professionals in the industry, having recently earned the Certified Construction Industry…
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Sep 07, 2022
Name, Image and Likeness Collides with Taxes
Written by Cooper Melvin, J.D., CPA Background Name, Image and Likenesses (NIL) has been in the news – sports media and generally – in a…
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Sep 07, 2022
Considerations for the Employee Retention Credit
Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees…
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Sep 07, 2022
Carpe Diem: Five Silver Lining Strategies for Recession
A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent…
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Aug 24, 2022
Biden Signs the Inflation Reduction Act of 2022
Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion…
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Aug 10, 2022
Review the 2022 BMSS Client Survey Results
As many businesses are focused on the possibility that the country could be heading into a recession, BMSS conducted a survey to gauge clients’ feel…
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