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Changes to the 2023 Form 5500
The Department of Labor (DOL) released the final changes to Form 5500 relating to the September 2021 notice of proposed form revisions (NPFR) to amend Form 5500. The changes fall
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Whistleblower Programs and Compliance: Enhancing Transparency and Accountability through Forensic Accounting
Written by Dalton Hopper, CFE, CVA Whistleblower programs and compliance initiatives have gained significant importance in recent years as organizations and governments strive to enhance transparency, ethical behavior, and accountability.
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New Tax Tools for Giving: IRA Charity Rollover Gift Annuity
By: Cooper Melvin, CPA, JD In late 2022, Congress authorized a new tool to lower Required Minimum Distributions (“RMDs”) and increase charitable giving. Effective as of now, taxpayers over age
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FedNow – Instant Payments to Launch July 2023
Written by Luke Arnett, CPA In this day and age, businesses and consumers want everything at the click of a button, including the ability to receive and send payments. The
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BMSS Culture – What Is It Like to Be an Accountant at BMSS During “Success Season?”
In the Fall, the HR Team starts planning all the fun events that will make the firm’s busiest time of year as manageable as possible for professionals at BMSS. In
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Final Paychecks: What is Required When an Employee Separates from Employment?
What are Alabama’s rules surrounding final paychecks? Alabama does not provide regulations on when a final check must be issued, so employers are required by the Fair Labor and Standards
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New Employment Protections for New and Expecting Mothers
Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the “Resource” in Human Resource Consulting With new legislation protecting new and expecting mothers’ employment, employers need to be cognizant of
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Preparing to Sell Your Business
Written by Mark Underhill, CPA, CM&AA, CVGA If you’re a business owner thinking about selling your business, congratulations! You’re about to embark on an exciting journey that could potentially bring
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Succession Planning: Preparing for the Inevitable
BMSS HR Advisory Putting the “Resource” in Human Resource Consulting Written by Rebecca Tipton, SHRM-SCP Nearly all companies face turnover at some point, which can hurt businesses with lag times
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What’s Your Ideal Life?
Beyond Financial Planning and Investment Advice Written by Chase Boardman, BMSS Wesson Wealth Solutions Picture this. You sign up for a bodybuilding competition a few months from now. To prepare,
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Employee Benefit Plan Audits: Common Deficiencies and Keys to Success
Written by Emily Riles, CPA After the tax and audit deadlines in April, many companies begin to prepare for their Employee Benefit Plan (EBP) Audit for their 401(k) plan, 403(b)
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Employer Benefit Compliance: Are You Covered?
Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Services Many people might not realize, but April 6th is National Employee Benefits Day, a day to celebrate and embrace the
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