Recent News

Improper Labor Category Classification is Dangerous

Did you know companies can be audited by the U.S. government for labor category qualification compliance? Read here about how BMSS can help you avoid improper classification and potential reparations.

What You Need to Know About Topic 606: Revenue From Contracts With Customers

Topic 606 establishes a single, comprehensive framework for understanding when and how much revenue is to be recognized when dealing with revenue from customers. Find information here regarding updates, background, scope

How Government Contractors Can Apply the Five-Step Revenue Recognition Model

Are you a government contractor looking to implement new FASB and IASB standards for identifying and reporting revenue from customer contracts by the end of the year? Good news: A

Make Your Earned Value Management System More Effective

Data-driven metrics are the future of government contractor Earned Value Management System surveillance. Read more about it here.

Just in Case There’s Another Government Shutdown…

Government shutdowns hardly ever catch us by surprise. As a responsible government contractor, you should have a plan and know your options. Here are some tips to help you prepare:

How Wayfair Could Impact Your Business

For an updated article, see our latest post. The Wayfair, Inc. case is the biggest ruling in the sales tax area in more than 25 years. What does Wayfair mean

BMSS Joins Forces with Hall Albright Garrison & Barnes

As part of a planned growth strategy throughout the state of Alabama, BMSS is proud to announce it is merging with Huntsville-based CPA firm Hall Albright Garrison & Barnes. The

Update – Opportunity Zones

On Friday, October 19th, the IRS issued the first round of long-awaited guidance on investments in Opportunity Zones. The proposed regulations and related revenue ruling aim to bring clarity to many

BMSS Employees Serve Local Community in Annual Initiative

Birmingham, AL – Most BMSS employees from our Birmingham locations are working outside the office this Thursday and Friday, October 18 and 19. They are serving hands on throughout the

BMSS’ Merrill Johnston, Jr. Recognized for Outstanding Achievement

Leading Global Family Enterprise Membership Association Awards Distinguished Certificate Merrill Johnston, Jr. of BMSS has been awarded the FFI GEN (Global Educational Network) Certificate in Family Business Advising (CFBA) by

Important Information Regarding Sales Tax, Wayfair and What it Means for Your Business

Business owners: If your business is currently selling products (and in some cases, services) without having a physical presence in a state, then your business may now be required to