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10 Best Practices for Road Builders
In a presentation to our construction industry niche group, Robert Davidson presented his top 10 list of the most common causes of contractor failure as well as his 10 best
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Ten Most Common Causes of Contractor Failure
CFMA Article written in 1986 by Robert Davidson and Danny Parrish In a presentation to our construction industry niche group, Robert Davidson presented his top 10 list of the most
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New Streamlined Exemption Certificate Procedure for Tax-Exempt Construction Projects – How It’s Working So Far
A discussion about the new streamlined process for applying for a project-specific exemption certificate was presented to BMSS in a memo written by Bradley Partners, Bruce P. Ely and James E.
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CECL for Nonprofits Is Here – Helping You Prepare
Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards
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The EOS Process
At BMSS, we are honored to be able to help companies get on the same page with their Vision and help develop the discipline to achieve that Vision. EOS has
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Beneficial Ownership Interest (BOI) Challenged in Court
Written by Steven M. Platau, J.D., CPA The Corporate Transparency Act requires many newly formed entities in 2024 to make a Beneficial Ownership Interest (BOI) filing with the Treasury Department’s
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State Charitable Solicitation Registrations and Other Filing Requirements
Did you know that states have their own laws requiring charitable organizations to register or file financial information? Most charitable organizations are aware of charitable solicitation registration requirements but may
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New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect
The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting
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E-Verify Reporting Requirements
What is E-Verify? E-Verify is an Internet-based system that allows employers to confirm newly hired employees are legally authorized to work in the United States. The E-Verify system compares information
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Two Pivotal IRS Programs Launched to Address Employee Retention Credit (ERC) Issues
In response to the increasing number of potentially ineligible Employee Retention Credit (ERC) claims, the IRS has recently launched two pivotal programs for businesses navigating the complexities of the ERC:
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Alabama 2024 Annual Report Changes
For corporate entities registered with the Alabama Secretary of State (ALSOS), beginning January 1, 2024, the ALSOS Corporation Annual Report is no longer reported with the Annual Business Privilege Tax
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Implementing New Accounting Standards: Are You Prepared?
In today’s ever evolving world of accounting guidance and regulatory compliance, it’s more important than ever to stay on top of what standards have been issued by the Financial Accounting
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