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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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Nonprofits: Are Your Processes Innovative or Merely Electronic? Leverage Technology the Right Way

Written by Gina McDonald, BDO, USA, P.C. Decades of innovation have transformed the finance office from a mindset of processing transactions to one of strategic financial management. But even with

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Better Together: BMSS and Haddox Reid Merge Into One Firm, Effective December 1, 2023

Effective December 1, 2023, renowned Mississippi CPA and Advisory firm, Haddox Reid Eubank Betts PLLC (Haddox Reid), merged with top Alabama firm, BMSS Advisors & CPAs. Consolidated under the name

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Alabama Sales Tax Rate Reduction on Food Effective as of September 1, 2023

Alabama recently updated the state-level sales tax rate on food, reducing it from 4% to 3%, effective September 1, 2023. This does not affect local jurisdiction rates such as city

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Hurricane Season: Preparation & Post-Event Considerations

Written by Claire Bourseleth, Katim Faal and Lisa Talley, BDO USA, P.A. Hurricane Season is underway and will remain in effect until November 30th of this year. Is your organization

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Whistleblower Programs and Compliance: Enhancing Transparency and Accountability through Forensic Accounting

Written by Dalton Hopper, CFE, CVA Whistleblower programs and compliance initiatives have gained significant importance in recent years as organizations and governments strive to enhance transparency, ethical behavior, and accountability.

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BMSS Announces New Scholar in Residence Steve Platau

BMSS Advisors & CPAs is proud to welcome nationally renowned Steve Platau as the firm’s scholar in residence. In this role, Platau will advise BMSS leadership on assurance, tax and

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Five FAQs about Embedded Leases

#1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of identified property, plant, or equipment

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Preparing for W-2 and 1099 Season

The holidays are around the corner, and before we know it, January 2023 will be here! Let’s take a look at what we can do now to make the preparation

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Daniel Brock Earns the Certified Construction Industry Financial Professional (CCIFP) Designation

Daniel Brock, CPA, CVA, CCIFP is now among the most highly qualified construction financial professionals in the industry, having recently earned the Certified Construction Industry Financial Professional (CCIFP) designation. According

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BMSS Presents: A Washington D.C. Update with AICPA’s Mark Peterson

Join us on Thursday, June 16th as Mark Peterson, Executive VP of Advocacy at the American Institute of CPAs (AICPA), provides an update from Washington D.C. Peterson provides global advocacy

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BMSS Presents: Implementing the New GAAP Lease Standards

After a number of delays and postponements, Accounting Standards Codification (ASC) 842, Leases, is finally here. Join us as Mike Cheng, National Professional Practice Partner with Frazier & Deeter, and

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