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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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