News

May 05, 2021

State Unemployment Insurance (SUI) Fraud

As some of you may know, there has been an uptick in fraudulent unemployment claims throughout the state. With the influx of cases arising from…

May 05, 2021

Tax Credits for COVID-19 Shots

In March, the Biden Administration signed the American Rescue Plan Act of 2021 (ARP), extending the availability of the Emergency Paid Sick Leave (EPSL) tax…

Apr 07, 2021

President Biden Introduces the American Jobs Plan

One week ago, President Biden outlined a massive $2 trillion infrastructure proposal to address some of the issues that his administration consider to be the…

Mar 24, 2021

Alabama Electing Pass-Through Entity Tax Act

In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One…

Mar 24, 2021

The Shuttered Venue Operators Grant (SVOG) Program

If you are a business that relies heavily on events such as a theater, museum, or other live venue operator, there is an opportunity for…

Mar 10, 2021

House Passed the American Rescue Plan Act of 2021

House Passed the $1.9 Trillion Bill after Revisions by the Senate The House passed the final version of the American Rescue Plan Act of 2021…

Mar 09, 2021

PPP Update for Schedule C Filers

The SBA announced changes late on March 3rd to the PPP in the attached interim final rule that can impact schedule C filers. These borrowers…

Feb 24, 2021

American Rescue Plan Act of 2021 Heads Toward House Vote in Days

On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end…

Feb 17, 2021

Alabama Legislation Update

On Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama,…