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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Apr 07, 2021
News
Category: BMSS Trending Issues
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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Feb 24, 2021
American Rescue Plan Act of 2021 Heads Toward House Vote in Days
On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end…
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Feb 17, 2021
Alabama Legislation Update
On Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama,…
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Feb 10, 2021
Update on COVID-19 Employment Tax Credits, including the Release of Form 7202
Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals On Tuesday, February 8, the IRS announced that a new form is…
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Feb 09, 2021
Update on Biden Administration’s COVID-19 Relief Plan
Congressional committees are crafting legislation this week on specific components of President Joe Biden’s $1.9 trillion COVID-19 relief plan, the American Rescue Plan. These developments…
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Feb 02, 2021
Employee Retention Credit (ERC) Update
Employers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers…
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Jan 27, 2021
Will We Experience Immediate Federal Tax Increases?
With the Presidency, the House and the Senate all controlled by the Democratic Party, many taxpayers are asking, “Will we have tax increases for 2021?”…
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Jan 20, 2021
City Business License Renewals
If you are a person or business conducting trade or providing services within various Alabama city limits, you may be required to renew your business…
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