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City Business License Renewal Deadlines Are Approaching
If you are an organization that conducts business within a city’s limits, depending on the nature of your business, you may be required to obtain a business license from the
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Trump Accounts: Childhood Savings Just Got YUGE
Written by Sarah Shirley, BMSS Supervisor Move over, piggy banks! The One Big Beautiful Bill Act (OBBBA) introduces a new way for kids to save, and it’s making quite the
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Nonprofit Annual Report Filing Requirement in Mississippi
Written by Maura McDevitt, CPA, CNAP BMSS Member Remember to file your Mississippi annual report! The window opened on January 1, 2026 and will close May 15, 2026. Last year
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Meal Deductibility Changes Under the OBBBA
With the recent passage of the One Big Beautiful Bill Act (OBBBA), important changes to meal deductibility will take effect beginning in 2026. As your accounting advisors, we want to
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Alabama Childcare Tax Credits (2025–2027) – Opportunities for Employers and Childcare Providers
Alabama enacted tax incentives beginning in 2025 to expand childcare capacity and support workforce participation. The program includes (1) an Employer Child Care Tax Credit, and (2) a Child Care
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Alabama Rural Hospital Investment Tax Credit (2026-2028) – Planning Opportunity Starting in 2026
Alabama has enacted a Rural Hospital Investment Tax Credit that can provide a dollar-for-dollar Alabama tax credit for cash donations to Board-approved, eligible rural hospitals or certain approved third-party entities
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BMSS Family of Companies Presents: Cybersecurity in 2026 – Threat Landscape, Vulnerability Management and Securing AI
Join us for a timely cybersecurity update focused on today’s evolving threat landscape and what it takes to build a proactive, resilient security program. The session will also bridge third-party
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BMSS Family of Companies Takes Top Spot Among Large Companies – Best Companies to Work for in Alabama
Each year, Business Alabama, in partnership with the Best Companies Group, conducts a comprehensive employee survey to identify the best places to work across the state. This year, forty organizations
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Social Security Wage Base Update
The wage base limit is the maximum wage that’s subject to Social Security tax for that year. In 2025, the Social Security Wage base was $176,100 and is increasing to
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Federal 941 Payroll Tax Lookback Procedures
IRS Notice 931 (Rev. September 2025), Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income tax, social security and Medicare tax. If your company
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BMSS’ 2025 Year-end Tax Planning Letter Is Here!
As we approach the end of 2025, it’s essential to plan ahead so that you are well-prepared for the upcoming tax season. Whether you’re an individual, a business owner, or
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