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Top Year-End Tax Planning Tip #1: Charitable Contributions
Throughout the month of December we will share our Top Year-End Tax Planning Tips. Below is the first in the series.
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BMSS Presents: Year-End Planning and Post-Election Tax Updates Webinar Recording & PowerPoint Slides
On Tuesday, December 1 we hosted the webinar, BMSS Presents: Year-End Planning and Post-Election Tax Updates. We were also fortunate to have Bradley Partners Bruce Ely and William T. Thistle, II
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Tax Implications of PPP Loans
Some small businesses may be hit with a surprise tax bill related to Paycheck Protection Program (PPP) loans unless Congress acts soon. If you have been following our emails and
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IRS Releases Guidance Regarding Deductibility of PPP Loan-Related Expenses
When the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not be included in taxable income.
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BMSS’ Year-End Tax Planning Letter
2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global pandemic has resulted in economic
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Election Day Tax Planning Letter
Dear BMSS Clients and Friends, With the end of 2020 approaching, you may be considering year-end tax planning strategies. Year-end tax planning always presents uncertainties over possible tax law changes
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Your Alabama Unclaimed Property Report is Due November 1, 2020
If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This report covers property that is
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Notice of Annual Renewal of Alabama Tax Licenses
Beginning November 1, 2020, taxpayers will be required to renew the State of Alabama Tax License annually. The My Alabama Taxes (MAT) website will provide the ability for the business
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BMSS Hosts An Introduction to Ethics in Government Contracting
On September 25, BMSS hosted An Introduction to Ethics in Government Contracting. To access the recording, click here. To access the PowerPoint slides, click here.
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2020 Credit Union Roundtable
On September 23, BMSS hosted A Virtual Credit Union Roundtable which included the following topics and speakers: Regulatory Update by Edward Reisinger of Kudulis Reisinger Price BMSS Accounting Update – Manager Luke
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“What Indirect Rates Should I Bid?”
“What indirect rates should I bid?” This is one of the most common questions I hear from small to mid-sized government contractors. It is an understandable question. Indirect rates are
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IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic
On Friday, August 28, 2020, the IRS issued a news release announcing that Notice 2020-65 had been issued to provide guidance to implement the Presidential Memorandum issued on August 8,
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