Penalty Abatement for ERC-related Tax
By Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue…
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Jun 23, 2022
News
Jun 23, 2022
Understanding Your Buy-Sell Agreement – Part 5
Written by Dalton Hopper, CVA, CFE This is the last article in our series discussing the valuation aspects of buy-sell agreements. We have discussed what…
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Jun 15, 2022
Understanding Your Buy-Sell Agreement – Part 4
Written by Dalton Hopper, CVA, CFE In our previous articles, we discussed items to consider including in your buy-sell agreement, as well as how to…
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Jun 15, 2022
Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023
By Ashley G. White, JD, CPA Governor Kay Ivey recently signed into law Act No. 2022-252, amending the law regarding the minimum business privilege tax…
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Jun 01, 2022
Proposed Regulations Take Aim at Estate and Gift Basic Exclusion
Written by Dalton Bradshaw, CPA In 2017, the passage of the Tax Cuts and Jobs Act (TCJA) brought about numerous provisions aimed at benefiting taxpayers,…
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Jun 01, 2022
Understanding Your Buy-Sell Agreement – Part 3
Written by Dalton Hopper, CVA, CFE As mentioned in our previous articles in this series, we discussed what should be outlined in the buy-sell agreement…
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May 18, 2022
LIFO Election – Is It Right for Your Business?
Written by Ryan Carter, CPA LIFO Reserve Over the past two years, we have all felt the impact of the current market inflation. From our…
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May 18, 2022
Understanding Your Buy-Sell Agreement – Part 2
Written by Dalton Hopper, CVA, CFE Recently, we kicked off a series discussing buy-sell agreements and what business owners and business advisors should know when…
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May 10, 2022
BMSS Legacy Continues the Tradition of Community Service
BMSS Advisors & CPAs employees continue the tradition of serving the communities in which they live and work with a spring BMSS Serve Day on…
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May 04, 2022
Newly Released Proposed Regulations Regarding Post-Death Distributions from Inherited IRAs and Retirement Plans
Written by Ashley G. White, JD, CPA The SECURE Act (the “Act”) became law effective January 1, 2020, and made significant changes to the rules…
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