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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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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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BMSS Family of Companies Expands with New Trussville Office in Birmingham Metro Area
Birmingham, AL— The BMSS Family of Companies is proud to announce the opening of a new office in Trussville, Alabama—an exciting expansion aimed at enhancing service to clients in the
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Do You Have Unclaimed Property to Report?
Did you know that businesses are required to report unclaimed or abandoned property to the state of the owner’s last known address as shown on a company’s books or in
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LLC vs. S-Corp: What’s the Difference, and Which One is Right for Your Business?
Written by Sarah Shirley, Supervisor When it comes to choosing a business structure, it’s easy to feel overwhelmed by the acronyms and fine print. Whether you’re starting a new company
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IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability
With the deadline for submitting Employee Retention Credit (ERC) claims now closed, the IRS is working through approximately 597,000 outstanding claims. As a result, businesses are receiving either reimbursement payments
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