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Standard Costing for Manufacturing

Standard costing is one of the most common accounting methods in manufacturing. It’s used to track cost per unit and usually tied to materials, labor, and overhead. However, the target

How AI Is Revolutionizing Construction Workflows and Driving Efficiency

Written by: Mason Murphy, Manager, CPA, CCIFP, BMSS Manager The construction industry has never been short on complexity. Between managing tight project timelines, coordinating labor and materials, and responding to

Understanding Quality Control Costs in Manufacturing

Quality-related costs impact nearly every part of a manufacturing operation. Scrap, rework, warranty claims, downtime, delayed shipments, and lost production capacity can all affect profitability and operational efficiency. Most manufacturers

Do You Have an Approved Accounting System? What Every Government Contractor Needs to Know

Insights from Joy Parker, Senior Manager For government contractors, few questions carry more weight than this one: Do you have an approved accounting system? It sounds straightforward, but the answer, and what

New IRS Business Tax Accounts Are Now Available for Exempt Organizations

The IRS has expanded its Business Tax Account (BTA) portal to now include tax-exempt organizations, giving nonprofits more direct, digital access to their tax information than ever before. This is

Your Credit Union Is Already Facing New Cybersecurity and AI Governance Expectations. Is Your Institution Ready?

In Summary: Credit unions are facing heightened cybersecurity and AI governance expectations from regulators, with NCUA and FFIEC examiners increasingly requiring evidence that security controls, risk management processes, and operational

Important Tax Update: How a Recent Court Decision May Entitle You to a Refund or Removal of IRS Penalties and Interest

Kwong v. United States — Deadline to Act: July 10, 2026 A recent court ruling — Kwong v. United States — may allow certain taxpayers to get back money they

Two technicians in gray polo shirts review documents at a workbench with a laptop, surrounded by machining equipment in a factory.

How Southeast Manufacturers Are Using AI and Automation to Address Workforce Shortages

Written by Ryan Carter, CPA, BMSS Senior Manager The U.S. manufacturing industry has long been a driver of economic strength, but a persistent and deepening labor shortage is testing the

What Every Government Contractor Needs to Know About Novations

Written by Meaghan Clark, BMSS Contracts Manager Mergers and acquisitions are on the rise in the government contracting world and with them, comes a process that many contractors are simply

BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Named 2026 Chair of the AICPA

JACKSON, Miss., May 21, 2026 – BMSS Advisors & CPAs is proud to announce that longtime Member, Jan Lewis, CPA, CGMA, has been inaugurated as the 113th Chair of the

Key Lessons from Manufacturers Who Navigated Recent Shortages with Creative Inventory Management

Written by Stephen Von Hagel, CPA, CGMA, BMSS Member The COVID-19 pandemic exposed a hard truth that manufacturers already knew but rarely planned around: global supply chains are fragile. Factory

Torn paper strip with the word 'Tariffs' laid over a background of US dollar bills.

IEEPA Tariff Refunds Begin: What Business Owners and Finance Leaders Should Know

Written by Stephen Von Hagel, CPA, CGMA, BMSS Member In Summary: Companies that paid certain IEEPA-related tariffs may now be eligible for refunds through CBP’s CAPE process. Business owners and

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