BMSS Trending Issues

BMSS’ 2025 Year-end Tax Planning Letter Is Here!

As we approach the end of 2025, it’s essential to plan ahead so that you are well-prepared for the upcoming tax season. Whether you’re an individual, a business owner, or

Preparing for 1099 and W-2 Season

The holidays are around the corner, and before we know it, January 2026 will be here! Let’s take a look at what we can do now to make the preparation

Reflect, Refine, and Rise: How HR Reviews Set the Stage for a Strong 2026

In Summary: Rebecca Tipton, SHRM-SCPPutting the “Resource” in Human Resources Consulting With the end of another calendar year quickly approaching, it’s time to identify what your HR goals should be

CMMC Compliance: The Countdown Has Begun

Beginning November 10, 2025, the Department of Defense (DoD) will begin incorporating Cybersecurity Maturity Model Certification (CMMC) requirements into new and renewed contracts. Once those clauses appear, only contractors who

Beyond the Sale: Strategic Drivers for Business Valuations

Business valuations are often equated with selling a company, but in practice, transactions represent only a fraction of the demand for these services. For estate planners, attorneys, and family business

OBBBA on Overtime Wages and Tips

Overtime Wages Effective for tax years 2025 through 2028, individual taxpayers are eligible to deduct the premium portion of overtime (such as the “half” in “time-and-a-half”) for time worked beyond

Cybersecurity Alert: 16 Billion Records Compromised

A massive data leak of 16 billion records from 30 datasets—including Apple, Google, and Facebook—has been reported in the past few days. Researchers say the data is fresh and credentials

The Latest on Washington’s “Beautiful” Tax Bills

Written by Todd Martin, IV, Senior Manager and Jan Lewis, Member On May 22, Americans got their first look at a proposed tax legislation package under the new administration with

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

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

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

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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