Tax Advisory Services

Update on Biden Administration’s COVID-19 Relief Plan

Congressional committees are crafting legislation this week on specific components of President Joe Biden’s $1.9 trillion COVID-19 relief plan, the American Rescue Plan. These developments come after votes in the

Congress Agrees Upon New COVID-19 Relief Bill; Trump Signs Bill into Law

Late on December 20, 2020, Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the ongoing pandemic. President Trump

Top Year-End Tax Planning Tip #3: Retirement Planning in Light of the SECURE and CARES Acts

2020 presents unique opportunities for tax planning with regards to your retirement accounts. The SECURE Act and CARES Act, both enacted

Top Year-End Tax Planning Tip #1: Charitable Contributions

Throughout the month of December we will share our Top Year-End Tax Planning Tips. Below is the first in the series.

BMSS Presents: Year-End Planning and Post-Election Tax Updates Webinar Recording & PowerPoint Slides

On Tuesday, December 1 we hosted the webinar, BMSS Presents: Year-End Planning and Post-Election Tax Updates. We were also fortunate to have Bradley Partners Bruce Ely and William T. Thistle, II

IRS Releases Guidance Regarding Deductibility of PPP Loan-Related Expenses

When the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not be included in taxable income.

BMSS’ Year-End Tax Planning Letter

2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global pandemic has resulted in economic

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

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

Six Questions to Measure Your Wayfair Tax and Compliance Risk

You may know that the Wayfair Supreme Court ruling from 2018 allows states to subject businesses to state taxes based on an economic presence rather than a physical presence, but

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