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President Trump Signs the Families First Coronavirus Response Act

President Trump Signs the Families First Coronavirus Response Act On Wednesday, March 18, 2020, the Senate passed the Families First Coronavirus Response Act (FFCRA), after which the bill was signed

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Important Updates Regarding Washington’s Response to the Coronavirus

Please see below for important updates regarding relief efforts that have evolved over the last day or two. Plan to Send Checks to Americans Being Discussed But Still Evolving: In

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Washington Update and the Families First Coronavirus Response Act

  Many businesses are in their second regular business day after the President declared a national emergency on Friday. Federal, state and local governments bodies and agencies are also responding

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An Important Message Regarding the Coronavirus

Dear Valued BMSS Clients & Friends, We understand you have been inundated by an overwhelming flood of information regarding coronavirus (COVID-19). We have been too. We understand you are concerned

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Our Proactive Approach to the Coronavirus

To Our Clients and Friends, First of all, we want to take a moment to express our gratitude that you have entrusted BMSS Advisors & CPAs to be your trusted

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2020 ZebraFest Leadership Program for College Students

Calling all driven college sophomores and juniors preparing for a career in accounting! We have a unique opportunity crafted exclusively for you. Join other top accounting students at this two-day

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BMSS Listed on America’s Top Recommended Tax And Accounting Firms 2020 by Forbes

Forbes partnered with market research company Statista to create a list of the most recommended firms for tax and accounting services in the United States for 2020. BMSS Advisors &

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Virtual Currency Update, Including a New Question on the 2019 Form 1040

During 2019, as part of a wider effort to assist taxpayers and to enforce tax laws in a rapidly changing area, the Internal Revenue Service issued two pieces of guidance

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Nonprofit Newsflash, Winter 2020

We want to make sure your organization stays on top of the ever-changing tax laws and regulations while staying in the best position to foster growth and continued success. We

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New Legislation That May Impact Your 2019 Year-End Tax Planning

In the days before going on recess for the holidays, Congress pushed through significant tax legislation as part of the year-end spending bill. As you wrap up your 2019 year-end

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Have You Considered Your Tax Planning Strategies?

As the end of 2019 approaches, you are likely giving consideration to year-end tax planning strategies. House Republicans and the Trump Administration are talking taxes, specifically a new tax cuts

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2019 Personal Use of a Company Automobile

According to IRS regulations, the personal usage of company cars by employees must be treated as taxable compensation income (and is subject to normal payroll taxes). In valuing this compensation,

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