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Paper Checks Scheduled to Cease on September 30, 2025
On March 25, 2025, President Trump signed an Executive Order requiring the U.S. Treasury to phase out paper checks for nearly all federal payments and collections by September 30, 2025.
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One Big Beautiful Bill Act: Implications for Accounting for Income Taxes
President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under
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Beyond the Sale: Strategic Drivers for Business Valuations
Business valuations are often equated with selling a company, but in practice, transactions represent only a fraction of the demand for these services. For estate planners, attorneys, and family business
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OBBBA on Overtime Wages and Tips
Overtime Wages Effective for tax years 2025 through 2028, individual taxpayers are eligible to deduct the premium portion of overtime (such as the “half” in “time-and-a-half”) for time worked beyond
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What’s the Latest with Oil Prices and What Does the Rest of the Summer Look Like?
Written by Steven Eilders, Manager, BMSS Oil prices have once again become a focal point in global economic discussions as shifting geopolitical tensions and market dynamics spark questions about where
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BMSS Presents: The OBBBA & Year-End Tax Planning – What Individuals Need to Know
As 2025 winds down, it’s crucial for individuals to understand the implications of recent legislative changes and how to optimize their tax strategies before year-end. Join us for a comprehensive
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We’ve Launched Our New Website!
BMSS Wesson Wealth Solutions is excited to announce the launch of our newly redesigned website! Our new website is designed to make it easier to get to know us, understand
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Nonprofits: Navigating Change and Finding Resilience
Facing a series of challenges in 2025, many nonprofits have turned to strategy. Federal funding cuts have captured the headlines, but changes to federal agencies are just one of several
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Cybersecurity Alert: 16 Billion Records Compromised
A massive data leak of 16 billion records from 30 datasets—including Apple, Google, and Facebook—has been reported in the past few days. Researchers say the data is fresh and credentials
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The Latest on Washington’s “Beautiful” Tax Bills
Written by Todd Martin, IV, Senior Manager and Jan Lewis, Member On May 22, Americans got their first look at a proposed tax legislation package under the new administration with
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Does Your Investment Portfolio Reflect Your Personal Values?
Have you ever considered whether the companies you’re invested in align with your personal values? You might already have a few companies in mind that don’t sit well with your
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Building a Strong Data Governance Framework for the Modern Audit
The importance of data governance cannot be overstated. With advanced technology and artificial intelligence relying on accurate, structured data to function effectively, strong controls around the way companies store and
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