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Mississippi Passes New Grant Accountability Law: What Nonprofits and Grant Recipients Need to Know
Written by Maura McDevitt, CPA, MBA, CNAP, CGMA, BMSS Member Mississippi has enacted the Grant and Subgrant Administration Transparency and Accountability of Non-Governmental Organizations Act of 2026 (HB 1171), introducing...
The AI Dirty Dozen
The Top 12 Errors, Risks, and Mistakes in the Use of AI Written by Micah Murphy, CPA, BMSS AI Advisory In Summary: AI adoption in business is no longer a...
How Real-Time Inventory Tracking Helps Manufacturers Stay Resilient During Supply Chain Disruptions
In Summary: Real-time inventory tracking is helping manufacturers navigate ongoing supply chain disruptions by improving visibility, reducing costs, and enabling faster, more informed decisions. By combining accurate inventory valuation methods...
Protecting Your Bottom Line: Financial Controls Every Manufacturer Should Strengthen
In Summary: Manufacturing companies face unique financial vulnerabilities that can silently erode profitability, from inventory theft to fraudulent invoices and misallocated costs. Strong internal financial controls are essential not only...
Putting Employees First Fuels Growth at BMSS
In an industry experiencing unprecedented transformation, the BMSS Family of Companies has discovered a counterintuitive truth: taking care of employees is the most direct path to client success and firm...
The Technology Gap in Construction Is Widening: What Does That Mean for Your Business?
By Mason Murphy, CPA, CCIFP, BMSS Manager At BMSS Advisors & CPAs, we work closely with construction companies across a wide range of growth stages, and one trend has become...
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...