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IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability

With the deadline for submitting Employee Retention Credit (ERC) claims now closed, the IRS is working through approximately 597,000 outstanding claims. As a result, businesses are receiving either reimbursement payments

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BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Elected Vice Chair of the AICPA

BMSS Advisors & CPAs is proud to announce that longtime Member, Jan Lewis, CPA, CGMA, has been elected as Vice Chair of the Board of Directors of the American Insti­tute

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Navigating the First 100 Days: A Recap of Recent Tariff Actions

As President Trump marks his first 100 days in office, both domestic and global markets are grappling with the sweeping changes brought by his administration’s tariff policies. From newly imposed

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The Importance of Portfolio Diversification

The recent tariffs announcement on April 2nd had a significant effect on the public U.S. stock market.  However, other areas of the market were affected less severely, while some areas

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How Tariffs Will Impact Crude Oil Prices and What This Means for Consumers

Written by Steven Eilders, CPA, BMSS Manager Gas prices are a hot topic in the news right now – but many consumers find themselves overwhelmed by all of the changing

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Beneficial Ownership Information (BOI) Reporting Update

If you’ve been paying attention to the news surrounding the beneficial ownership information (BOI) reporting requirement under the Corporate Transparency Act (CTA), then you know that it has undergone many

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How Executive Order 14173, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,” Affects Employer Responsibilities

Rebecca Tipton, SHRM-SCP, BMSS HR Advisory ServicesPutting the “Resource” in Human Resource Consulting Regardless of your particular political preference, I don’t think anyone could argue that these first few months

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Understanding SOC Reporting: A Beginner’s Guide

Written by Corbin Parker, CISA, Abacus Technologies Organizations are increasingly relying on third parties to handle financial transactions, customer data, and IT services. This reliance introduces the need for trust

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City Business License Renewal Deadlines Are Approaching

If you are an organization that conducts business within a city’s limits, depending on the nature of your business, you may be required to obtain a business license from the

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Using Data to Measure Morale

Written by Becca Riles, Business Intelligence Analyst, Abacus Technologies Did you know that using data to measure morale within a company is essential for several reasons? Morale refers to the

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BMSS Advisors & CPAs Welcomes Mobile, Alabama Office in Continued Growth Plan

As part of a planned growth strategy that will provide additional services and depth for firm clients, BMSS Advisors & CPAs is proud to expand into the Mobile and Eastern

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As 2025 Approaches, Uncertainty Lingers Over Enforcement of the Corporate Transparency Act

The drama surrounding the beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA) has not taken a pause for the holidays and seems to be building for an

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