Thought Leadership | Industry Insights | Firm News

Manufacturing Overhead and Cost Control

Manufacturers expect sales and production to increase this year, but costs are still climbing. With all of the upheaval in today’s economic landscape, labor, materials, and energy are all more

Do You Have an Approved Accounting System? The Million-Dollar Question for Government Contractors

For small government contractors pursuing cost-type contracts, an approved accounting system is not just a compliance checkbox – it can be the deciding factor in winning or losing a contract.

Manufacturing in America: How Tax Policy, Supply Chain Risks, and Regional Incentives Are Reshaping Location Strategy

Written by Ryan Carter, CPA In summary: U.S. manufacturing is experiencing a resurgence driven by favorable tax policy, supply chain resilience needs, and competitive regional incentives, making domestic expansion more

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

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