Thought Leadership | Industry Insights | Firm News

LLC vs. S-Corp: What’s the Difference, and Which One is Right for Your Business?

Written by Sarah Shirley, Supervisor When it comes to choosing a business structure, it’s easy to feel overwhelmed by the acronyms and fine print. Whether you’re starting a new company

IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability

With the deadline for submitting Employee Retention Credit (ERC) claims now closed, the IRS is working through approximately 597,000 outstanding claims. As a result, businesses are receiving either reimbursement payments

BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Elected Vice Chair of the AICPA

BMSS Advisors & CPAs is proud to announce that longtime Member, Jan Lewis, CPA, CGMA, has been elected as Vice Chair of the Board of Directors of the American Institute

Are You Preparing to Sell Your Business?

Selling a business is one of the most significant transitions a business owner can face. Unfortunately, many approach this milestone without the strategic planning needed to achieve their desired terms

Navigating the First 100 Days: A Recap of Recent Tariff Actions

As President Trump marks his first 100 days in office, both domestic and global markets are grappling with the sweeping changes brought by his administration’s tariff policies. From newly imposed

Strategic Accounting Support for Government Contracting

With more than 100 years of combined experience, our team of accounting professionals possesses a wealth of expertise in government contracting. We are well-equipped to help your organization navigate the

The Importance of Portfolio Diversification

The recent tariffs announcement on April 2nd had a significant effect on the public U.S. stock market. However, other areas of the market were affected less severely, while some areas

Fishing For Your Tech Stack:

The Challenge Of Choosing The Right Technology For Your Organization Written by Walter Branning, Abacus Technologies Hints Of Spring Hints of spring are in the air, crisp mornings warming to

New Nonprofit Annual Report Filing Requirement in Mississippi

Written by Maura McDevitt, BMSS Member A deadline is approaching on May 15, 2025 for all nonprofit corporations in Mississippi. This is a deadline that many nonprofit corporations have not

How Tariffs Will Impact Crude Oil Prices and What This Means for Consumers

Written by Steven Eilders, CPA, BMSS Manager Gas prices are a hot topic in the news right now – but many consumers find themselves overwhelmed by all of the changing

Updating Responsible Party Information with the IRS

Organizations and businesses with an Employer Identification Number (EIN) are required to file Form 8822-B within 60 days of a change in their responsible party. This form is also used

HOW TO OVERCOME THE 5 BIGGEST FRUSTRATIONS BUSINESS OWNERS FACE

Written by Mike Kotsis, EOS Worldwide Freedom. Control of our own destiny. Making your mark on this planet. Financial wealth. Growth. More fun. These are a few of the many reasons why

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