BMSS’ 2022 Year-End Tax Planning Letter
As 2022 comes to a close, all eyes are on the midterm elections and potential year-end tax legislation and, as always, it is important to…
Read MoreAs 2022 comes to a close, all eyes are on the midterm elections and potential year-end tax legislation and, as always, it is important to…
Read MoreWritten by Cooper Melvin, J.D., CPA Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments,…
Read MoreWritten by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion…
Read MoreEarlier this year, the IRS released its 2022 Dirty Dozen, the top twelve scams or potentially abusive transactions that could trigger an audit. This list…
Read MoreWritten by Ashley G. White, JD, CPA The SECURE Act (the “Act”) became law effective January 1, 2020, and made significant changes to the rules…
Read MoreWritten by Steve Smith, JD, CPA On April 14th, Governor Ivey signed Senate Bill 261 (SB261) into law, raising the current cap on contributions under…
Read MoreBy: Cooper Melvin, JD, CPA Taxpayers owning an interest in certain partnerships or S corporations may have noticed additional information in the Schedule K-1 package…
Read More[The summary information below is not complete and is for informational purposes only. The information is not intended to be, nor should it be, construed…
Read MoreIn our Beyond the Bottom Line Newsletter dated January 12, 2022, we described the updated identity verification and sign-in process for several IRS online tools….
Read MoreUnder IRS general rules, all use of a company car is considered personal use unless the employee documents the business use of the car. Personal…
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