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Direct Deposit Fraud Alert
We are seeing an increase in compromised email accounts and hackers are using these compromised email accounts to submit fraudulent direct deposit requests to employers. The fraudulent direct deposit accounts
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BMSS Makes BBJ FastTrack 30
BMSS, LLC was recently named to the FastTrack 30 List of the fastest-growing companies in the Magic City. With an average growth rate of 29% and a three-year growth rate
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Please Welcome Our New Professionals!
We would like to announce and welcome our new accounting professionals who have started with BMSS over the past two months. We are very excited to have them join our
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Guidance Released on Taxable Income from Parking and Other Fringe Benefit
By Marc Berger, CPA, JD, LLM The bill known as the Tax Cuts and Jobs Act, enacted in December 2017, added new Section 512(a)(7) to the Internal Revenue Code (IRC).
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BMSS Named to INSIDE Public Accounting Top 200 Firms
Each year the publishers of INSIDE Public Accounting (IPA) release their annual financial performance analysis and ranking of the nation’s 400 largest public accounting firms. At number 159, BMSS was
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BMSS Team Teaches Accounting to Rwandan Students Through Bridge2Rwanda Organization
BMSS sent Managing Partner Don Murphy along with four CPAs from its management group to Kigali, Rwanda for 10 days in July to
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BMSS Named a 2019 Accounting Today’s Best Accounting Firm to Work for
BMSS, LLC was recently named as one of the 2019 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that
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Lessons Learned From Implementing ASU 2016-14 – Functional Expenses
By Tammy Ricciardella, CPA Nonprofit organizations with calendar year ends are working to implement the provisions of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements
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GASB Simplifies Accounting for Capitalized Interest
By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for
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The Uniform Guidance – Five Years and Counting
The U.S. government created the Uniform Guidance to help streamline the process by which nonprofits and other governmental entities apply for and receive federal funding. Though the Uniform Guidance can
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IRS Answers Many Questions on New 21% Executive Compensation Tax
Tax-exempt and certain governmental entities, as well as their for-profit entities, may need to pay an excise tax on executive compensation and parachute payments in excess of $1 million per
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Other Transaction Agreements – Practical Knowledge for Stepping in the Growing Government Sandbox
Other Transaction Agreements, referred to as OTAs in the government contracting arena, are all the rage for government contractors—newcomers and veterans alike. In this article, BDO’s Government Contracts National Co-Leader
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