Insights

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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BMSS Team Teaches Accounting to Rwandan Students Through Bridge2Rwanda Organization

              BMSS sent Managing Partner Don Murphy along with four CPAs from its management group to Kigali, Rwanda for 10 days in July to

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GASB Simplifies Accounting for Capitalized Interest

By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for

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