Alabama Legislation Update
On Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama, and also impact individual taxpayers
Read MoreOn Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama, and also impact individual taxpayers
Read MoreForm 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals On Tuesday, February 8, the IRS announced that a new form is available for eligible self-employed individuals
Read MoreCongressional committees are crafting legislation this week on specific components of President Joe Biden’s $1.9 trillion COVID-19 relief plan, the American Rescue Plan. These developments come after votes in the
Read MoreThank you for joining us for BMSS Presents: Transforming Your Business Through EOS. Click here for the webinar workbook. Feel free to download and print it.
Read MoreEmployers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers may use ERCs to offset
Read MoreWith the Presidency, the House and the Senate all controlled by the Democratic Party, many taxpayers are asking, “Will we have tax increases for 2021?” We are still too early
Read MoreIf you are a person or business conducting trade or providing services within various Alabama city limits, you may be required to renew your business license by January 31, 2021
Read MoreBMSS Advisors & CPAs has proudly promoted two long-time employees Caryn Stark, CPA, CMPE, CGMA and Mark Underhill, CPA, CM&AA, CVGA to Member. Caryn joined the Gadsden office in 2007
Read MoreLate on December 20, 2020, Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the ongoing pandemic. President Trump
Read MoreGovernment contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to continue working with the government.
Read More2020 presents unique opportunities for tax planning with regards to your retirement accounts. The SECURE Act and CARES Act, both enacted
Read MoreGenerous tax breaks are available for taxpayers who have made 2020 asset additions. Accelerated depreciation is a beneficial tool for taxpayers related to the timing of income and deductions. Property
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