Alabama Retirees to See Tax Cut in 2023
Written by Drew Nicol, CPA Earlier this year, Governor Kay Ivey signed HB162 into law which exempts the first $6,000 of retirement income received by…
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Nov 15, 2022
News
Tag: Alabama
Nov 15, 2022
Your Alabama Tax License Renewal is Due December 31, 2022
Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License annually. 2022 License Renewal Due Date: 12/31/2022 The My Alabama…
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Jun 15, 2022
Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023
By Ashley G. White, JD, CPA Governor Kay Ivey recently signed into law Act No. 2022-252, amending the law regarding the minimum business privilege tax…
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Apr 06, 2022
2022 Alabama Unemployment Tax Rate Notices
What’s happening? The Alabama Department of Revenue has started releasing 2022 Tax Rate Notices. Alabama no longer mails paper copies of these notices, so employers…
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Mar 09, 2022
Update on Electing Pass-Through Entities in Alabama
We have been closely following developments on Electing Pass-Through Entities in Alabama and providing updates to you as they become available. These updates have included…
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Nov 16, 2021
Your Alabama Tax License Renewal is Due December 31, 2021
Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License on an annual basis. 2022 License Renewal Due Date: 12/31/2021…
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Oct 20, 2021
Alabama Qualified Dispositions in Trust (QDIT) Act
By: Dalton Bradshaw, CPA When considering asset protection from creditors, most individuals and advisors immediately think of assets being hidden away in foreign accounts by…
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Oct 19, 2021
Your Alabama Unclaimed Property Report is Due November 1, 2021
If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This…
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Mar 24, 2021
Alabama Electing Pass-Through Entity Tax Act
In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One…
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Jan 30, 2017
New Job-Related Tax Credits Available in Alabama
Written by Karen Poist, CPA As tax season begins again for another year, it’s time to think about your company’s available tax credits. Two new…
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