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2019 Personal Use of a Company Automobile
According to IRS regulations, the personal usage of company cars by employees must be treated as taxable compensation income (and is subject to normal payroll taxes). In valuing this compensation,
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Revenue Recognition and Leases Update
In the upcoming months and years, numerous changes will go into effect in regards to the implementation of revenue recognition and lease accounting standards. Do not let these changes overwhelm
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BMSS Welcomes Nationally Acclaimed Accounting Expert and Speaker, Michael Brand, CPA, CGMA to the Firm
BMSS, LLC is proud to welcome nationally acclaimed, accounting industry expert and speaker, Michael Brand, to the firm as its newest member. A resident of Athens, AL, Brand received his
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BMSS Continues Legacy of Giving Back to Local Communities
Employees from BMSS’ Birmingham locations have been “working” outside the office over the past few months. They have been serving hands-on throughout the city with several nonprofit organizations. Throughout October,
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Direct Deposit Fraud Alert
We are seeing an increase in compromised email accounts and hackers are using these compromised email accounts to submit fraudulent direct deposit requests to employers. The fraudulent direct deposit accounts
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BMSS Makes BBJ FastTrack 30
BMSS, LLC was recently named to the FastTrack 30 List of the fastest-growing companies in the Magic City. With an average growth rate of 29% and a three-year growth rate
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The Multi-Generational Workplace Seminar
On August 13th, BMSS hosted a keynote speaker and panel discussion about the different generations in the workplace and how to navigate the ins and outs of the different mindsets
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Please Welcome Our New Professionals!
We would like to announce and welcome our new accounting professionals who have started with BMSS over the past two months. We are very excited to have them join our
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TARIFFS SPARK FEARS OF RISING CONSTRUCTION COSTS: COULD INVESTMENT IN TECHNOLOGY BE THE ANSWER?
By Ian Shapiro, BDO As U.S. trade policy decisions continue to dominate headlines, the uncertain future of high-demand import prices has business leaders and lawmakers anxious. Earlier last year, President Trump
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Class Deviation – Quick Closeout Procedures Threshold And Why Contractors Should Care
Working with the federal government can be a double-edged sword. On the one hand, government engagements provide a consistent stream of work. On the other hand, receiving final payment for services
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Guidance Released on Taxable Income from Parking and Other Fringe Benefit
By Marc Berger, CPA, JD, LLM The bill known as the Tax Cuts and Jobs Act, enacted in December 2017, added new Section 512(a)(7) to the Internal Revenue Code (IRC).
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BMSS Named to INSIDE Public Accounting Top 200 Firms
Each year the publishers of INSIDE Public Accounting (IPA) release their annual financial performance analysis and ranking of the nation’s 400 largest public accounting firms. At number 159, BMSS was
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