Federal 941 Payroll Tax Lookback Procedures
Do you pay Federal 941 payroll taxes on a monthly deposit schedule? If so, it may wise to perform an annual checkup to find out…
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Nov 29, 2022
News
Nov 29, 2022
How Does Your Compensation Look Under the Microscope and Why Should You Care?
Written by Rebecca Tipton, SHRM-SCP With the end of the year quickly approaching, many companies are in the middle of budget planning, which is the…
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Nov 15, 2022
Alabama Retirees to See Tax Cut in 2023
Written by Drew Nicol, CPA Earlier this year, Governor Kay Ivey signed HB162 into law which exempts the first $6,000 of retirement income received by…
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Nov 15, 2022
Your Alabama Tax License Renewal is Due December 31, 2022
Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License annually. 2022 License Renewal Due Date: 12/31/2022 The My Alabama…
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Nov 14, 2022
BMSS Legacy Continues Bi-Annual Local Service Initiative
Over the month of November, the BMSS Advisors & CPAs family of companies participated in fall Serve Days, continuing the tradition of partnering with local…
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Nov 02, 2022
Biden’s Student Loan Forgiveness Program
Written by Dalton Bradshaw, CPA Since the 1980s, the cost of a college education has continued to increase exponentially, nearly tripling, even after factoring for…
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Nov 02, 2022
Preparing for W-2 and 1099 Season
The holidays are around the corner, and before we know it, January 2023 will be here! Let’s take a look at what we can do…
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Oct 19, 2022
ERC Sharks Continue to Strike
By Cooper Melvin, J.D., CPA In a news release today, the IRS warned employers to be wary of third parties who are advising them to…
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Oct 19, 2022
Business Personal Property Tax Filings are Due December 31
It’s that time of year again and Business Personal Property Tax Returns are quickly approaching! What is the Business Personal Property Tax (Ad Valorem)? The…
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Oct 05, 2022
Changes to Form 1099-K Reporting for 2022
Written by Cooper Melvin, J.D., CPA Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments,…
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