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Considerations for the Employee Retention Credit

Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees on the payroll during the

Carpe Diem: Five Silver Lining Strategies for Recession

A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent business leaders and economists contend

Biden Signs the Inflation Reduction Act of 2022

Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion bill is aimed at fighting

Review the 2022 BMSS Client Survey Results

As many businesses are focused on the possibility that the country could be heading into a recession, BMSS conducted a survey to gauge clients’ feel about where their businesses are

Inflation Reduction Act of 2022

By Dalton Bradshaw, CPA On July 27, 2022, Senate Majority Leader Charles Schumer and Senator Joe Manchin struck a deal to revive a Democratic reconciliation bill. The deal, coined “The

Have You Been Referred to Alliantgroup?

Alliantgroup is a national management and tax consulting firm that works with CPA firms and their business clients to identify and claim federal and state government tax credits. Started approximately

Ensure Your Organization is Prepared This Hurricane Season

Written by Dalton Hopper, CFE, CVA In our last BBL newsletter, we shared BDO’s Top 5 Tips when filing an insurance claim after a hurricane. Two months into the official

Are You Prepared for Hurricane Season?

Top 5 Tips when Filing an Insurance Claim Hurricanes can have a devastating impact on businesses of all sizes. Employees’ safety is at risk, assets are vulnerable, and business can

IRS Dirty Dozen List and Other Audit Triggers

Earlier this year, the IRS released its 2022 Dirty Dozen, the top twelve scams or potentially abusive transactions that could trigger an audit. This list is not exclusive and is

Tax Treatment of Research and Experimental Expenses During 2022

Written by Steven N. Smith, J.D., CPA The 2017 Tax Cuts and Jobs Act (TCJA) is the gift that keeps on giving, continuing to create significant challenges for taxpayers and

Alabama Department of Revenue Opens Window for Making Late Pass-Through Entity Election for 2021

By Ashley G. White, JD, CPA As we have previously reported in our Beyond the Bottom Line newsletters, the Alabama Electing Pass-Through Entity Tax Act (Act 2021-1 and Act 2021-423)

Understanding Your Buy-Sell Agreement – Part 5

Written by Dalton Hopper, CVA, CFE This is the last article in our series discussing the valuation aspects of buy-sell agreements. We have discussed what is included in a buy-sell

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