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Your Alabama Tax License Renewal is Due December 31, 2025

Beginning November 1, 2020, taxpayers are required to renew the State of Alabama Tax License annually. 2026 License Renewal Due Date: 12/31/2025 The My Alabama Taxes (MAT) website provides the

CMMC Compliance: The Countdown Has Begun

Beginning November 10, 2025, the Department of Defense (DoD) will begin incorporating Cybersecurity Maturity Model Certification (CMMC) requirements into new and renewed contracts. Once those clauses appear, only contractors who

How the Government Shutdown Affects Taxpayers: What You Need to Know

The federal government shutdown that began October 1, 2025, has created significant disruptions at the IRS, with approximately 35,000 employees—nearly half the agency's workforce—now furloughed. As taxpayers face the critical October 15 extension deadline and businesses prepare for the upcoming filing season, understanding these impacts is essential for protecting your interests.

Strengthen Your Cyber Defenses Before It’s Too Late

Cybersecurity is not just an IT function—it’s a business imperative. Today’s attackers target people, processes, and technology, exploiting any weakness they can find. The difference between companies that survive and those that don’t often comes down to one principle: proactivity versus reactivity.

Paper Checks Scheduled to Cease on September 30, 2025

On March 25, 2025, President Trump signed an Executive Order requiring the U.S. Treasury to phase out paper checks for nearly all federal payments and collections starting September 30, 2025.

One Big Beautiful Bill Act: Implications for Accounting for Income Taxes

President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under

Beyond the Sale: Strategic Drivers for Business Valuations

Business valuations are often equated with selling a company, but in practice, transactions represent only a fraction of the demand for these services. For estate planners, attorneys, and family business

OBBBA on Overtime Wages and Tips

Overtime Wages Effective for tax years 2025 through 2028, individual taxpayers are eligible to deduct the premium portion of overtime (such as the “half” in “time-and-a-half”) for time worked beyond

What’s the Latest with Oil Prices and What Does the Rest of the Summer Look Like?

Written by Steven Eilders, Manager, BMSS Oil prices have once again become a focal point in global economic discussions as shifting geopolitical tensions and market dynamics spark questions about where

We’ve Launched Our New Website!

BMSS Wesson Wealth Solutions is excited to announce the launch of our newly redesigned website! Our new website is designed to make it easier to get to know us, understand

Congress Passes The Big Beautiful Bill – What Do You Need to Know?

Written by Todd Martin, IV, Senior Manager and Jan Lewis, Member So, Was It a Beautiful Day for Taxpayers? On July 4, while most of us were busy flipping burgers

Nonprofits: Navigating Change and Finding Resilience

Facing a series of challenges in 2025, many nonprofits have turned to strategy. Federal funding cuts have captured the headlines, but changes to federal agencies are just one of several

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