Client Login
Pay Bill
SuraLink
10 Best Practices for Road Builders
In a presentation to our construction industry niche group, Robert Davidson presented his top 10 list of the most common causes of contractor failure as well as his 10 best
Read More
New Streamlined Exemption Certificate Procedure for Tax-Exempt Construction Projects – How It’s Working So Far
A discussion about the new streamlined process for applying for a project-specific exemption certificate was presented to BMSS in a memo written by Bradley Partners, Bruce P. Ely and James E.
Read More
Beneficial Ownership Interest (BOI) Challenged in Court
Written by Steven M. Platau, J.D., CPA The Corporate Transparency Act requires many newly formed entities in 2024 to make a Beneficial Ownership Interest (BOI) filing with the Treasury Department’s
Read More
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
You may or may not be aware that starting January 1, 2024, many businesses will be required to comply with the Corporate Transparency Act (CTA). The CTA was enacted into
Read More
BMSS Announces Promotions of Brad Brown and Brian Jackson to Member
Effective January 1, 2024, BMSS Advisors & CPAs proudly added two new Members to the firm bringing the total number to 34. This announcement follows an eventful close to 2023
Read More
2024 Social Security Wage Base Update
The wage base limit is the maximum wage that is subject to Social Security tax for that year. In 2023, the Social Security Wage base was $160,200 and is increasing
Read More
Maximizing Legacies: Navigating Business Valuations for Estate and Gift Tax Purposes
Written by Dalton Hopper, CFE, CVA As part of the 2017 Tax Cuts and Jobs Act, the gift and estate lifetime exclusion amount was raised and is currently set to
Read More
Federal 941 Payroll Tax Lookback Procedures
IRS Notice 931, Deposit Requirements for Employment Taxes, https://www.irs.gov/pub/irs-pdf/n931.pdf list requirements for depositing payroll taxes such as federal income tax, social security and Medicare tax. If your company is currently
Read More
Looking Ahead in Human Resources for a New Year
By Rebecca Tipton, SHRM-SCP HR Advisory Services We are officially in the final days of 2023, which is historically a time for celebration! However, before you break out your noisemakers
Read More
2023 BMSS Year-End Tax Planning Letter
As we approach the end of 2023, it’s essential to plan ahead to ensure that you are well-prepared for the upcoming tax season. Whether you’re an individual, a business owner,
Read More
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
Read More
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)
Read More