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Important Update for Nonprofit Organizations – Calendar-Year Returns & Tax Payments

BMSS Advisors & CPAs will begin processing extensions for calendar, year-end federal information returns (Form 990, Form 990-EZ, and Form 990-PF) in March 2026. Our firm policy is to file

Strait of Hormuz Tensions Threaten Global Oil Supply and Fuel Prices

In Summary: Rising geopolitical tensions involving Iran have heightened concerns about potential disruptions in the Strait of Hormuz, a critical chokepoint that handles about 20% of global oil supply. Any

How Tariff Uncertainty and Supply Chain Disruptions Are Reshaping Manufacturing Strategy in 2026

In Summary: Manufacturers in 2026 are navigating an increasingly complex environment shaped by evolving tariff policies and ongoing global supply chain disruptions. To remain competitive, companies must adopt more sophisticated

Are You Preparing for the Sale of Your Business?

Written by Brennan Peck, CPA, CM&AA For many business owners, the decision to sell marks a major milestone. It can represent the realization of years of hard work and create

Inventory Valuation for Manufacturers: What Criteria Should You Consider?

In Summary: In today’s volatile manufacturing environment, selecting the right inventory valuation method is a strategic decision that directly impacts profitability, tax liability, cash flow, and lender relationships. This article

Strategic Considerations for Companies Affected by the IEEPA Tariff Termination

Written by Stephen Von Hagel, CPA, CGMA In Summary: The Supreme Court’s termination of IEEPA tariffs has created unprecedented opportunities for businesses to recover previously paid duties but the path

Automating Cost Accounting: Real-Time Insights for Manufacturing CFOs with AI-Powered Platforms

In Summary: This article explains how AI-powered cost accounting platforms are helping manufacturing CFOs gain real-time visibility into indirect costs, improving pricing accuracy and protecting profit margins. It highlights how

Can the Right KPIs Help Manufacturers Navigate Rising Costs in 2026?

As manufacturing companies head into 2026, the ability to track and control expenses has become more critical than ever. With tariff-related cost pressures continuing to affect margins and input costs

Is Your Manufacturing Company Doing Enough to Prevent Cyber Attacks?

Manufacturing companies face a growing reality: cyber-attacks are no longer a question of “if” but “when.” According to recent cybersecurity research, ransomware attacks on manufacturers accounted for over half of

Making Technology Work for Your Mission: Essential Strategies for Nonprofit AI and Data Analytics Implementation

In Summary: Nonprofits are facing rising costs, tighter funding, and increased scrutiny, making technology like AI and data analytics more essential than ever for sustaining impact. The article explains that

100% Expensing for Qualified Production Property (QPP): What Manufacturers Need to Know

In summary: The One Big Beautiful Bill Act introduced a powerful new tax incentive for manufacturers: 100% first-year depreciation for Qualified Production Property (QPP) under IRC Section 168(n). This allows

Tax Season 2026 is Here: What Do You Need to Know?

With tax season now underway, many of our clients are asking the same question: What do I need to know to make this process go smoothly? For most of the

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