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Newest Members to the BMSS Family
Welcome to the BMSS Team! BMSS would like to welcome the newest members to BMSS! Emily Espy (2015 Intern), Lauren Sampson (2015-2016 Intern), Hannah Sparkman Piper (2016 Intern), Austin Gray
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Estate Planning Alert
Contemplating the transfer of closely held family business interests? Consider making those gifts as soon as possible before new valuation rules are enacted. If you have been considering transferring your
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Got Unclaimed Property?
Do you or your business have property, such as uncashed checks or A/R credits, which belong to someone else? Have you tried and tried to find the rightful owner and
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The R&D Tax Credit – No Lab Coats Required!
What’s the first thing that comes into your mind when you think of the Research and Development Tax Credit? A mad scientist with crazy hair who never leaves his lab??
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ACA – Thresholds to Change for 2016 Reporting
Written by Ross Mendheim, CPA and Kay Troupe The Affordable Care Act contains specific responsibilities for employers. The size and structure of your workforce — small, large, or part of a
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BMSS Named Best Place to Work by Accounting Today
BMSS is pleased to announce their award for one of the “Best Accounting Firms to Work For” by Accounting Today. This is the eighth time the firm has been named
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Tax Amnesty for Delinquent Alabama Taxpayers – Limited Window of Opportunity Requires Immediate Action
For the first time ever, the Alabama Department of Revenue (ADOR) is offering taxpayers a formal amnesty program for resolving delinquent taxes administered by the ADOR. In the past, taxpayers
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The New IRS Partnership Audit Rules – Significant Changes on the Horizon Require Attention
Written by Steven N. Smith, CPA, JD The Bipartisan Budget Act of 2015, enacted on November 2, 2015, includes significant changes in IRS rules regarding the tax examinations of
Read More One-Year or Two-Year Deferrals: Gift Card Tax Rules
Written by Ross Mendheim, CPA What do you get for that hard-to-buy-for relative on their birthday? Or, what do you give a client to show your appreciation for his/her business?
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Understanding the CECL – How Does It Affect You?
Written by Scott Stevens, CPA, CGMA FASB Issues New Guidance on Accounting for Credit Losses The Financial Accounting Standards Board (FASB) recently issued a new accounting standard that will change
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