Client Login
Pay Bill
SuraLink
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 license by January 31, 2021
Read More
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
Read More
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
Read More
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 of income and deductions. Property
Read More
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.
Read More
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
Read More
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.
Read More
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
Read More
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 over possible tax law changes
Read More
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 of the program – loan
Read More
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
Read More
Virtual Currency Update, Including a New Question on the 2019 Form 1040
During 2019, as part of a wider effort to assist taxpayers and to enforce tax laws in a rapidly changing area, the Internal Revenue Service issued two pieces of guidance
Read More