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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Jan 20, 2021
News
Category: Tax Planning & Compliance
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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Nov 18, 2020
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…
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Nov 03, 2020
Election Day Tax Planning Letter
Dear BMSS Clients and Friends, With the end of 2020 approaching, you may be considering year-end tax planning strategies. Year-end tax planning always presents uncertainties…
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Apr 23, 2020
Important Update on the Loan Forgiveness Phase of the PPP
If you are participating in the Paycheck Protection Program (PPP) and have received your funding, it is likely you have questions about the second phase…
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