Alabama Electing Pass-Through Entity Tax Act
In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One…
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Mar 24, 2021
News
Category: Tax Planning & Compliance
Feb 24, 2021
American Rescue Plan Act of 2021 Heads Toward House Vote in Days
On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end…
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Feb 09, 2021
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…
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Jan 20, 2021
City Business License Renewals
If you are a person or business conducting trade or providing services within various Alabama city limits, you may be required to renew your business…
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Dec 22, 2020
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…
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Dec 16, 2020
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…
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Dec 11, 2020
Top Year-End Tax Planning Tip #2: Cost Recovery of Capital Improvement
Generous tax breaks are available for taxpayers who have made 2020 asset additions. Accelerated depreciation is a beneficial tool for taxpayers related to the timing…
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Dec 02, 2020
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…
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Dec 01, 2020
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…
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Nov 19, 2020
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…
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