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Using Data to Measure Morale
Written by Becca Riles, Business Intelligence Analyst, Abacus Technologies Did you know that using data to measure morale within a company is essential for several reasons? Morale refers to the
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BMSS Advisors & CPAs Welcomes Mobile, Alabama Office in Continued Growth Plan
As part of a planned growth strategy that will provide additional services and depth for firm clients, BMSS Advisors & CPAs is proud to expand into the Mobile and Eastern
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As 2025 Approaches, Uncertainty Lingers Over Enforcement of the Corporate Transparency Act
The drama surrounding the beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA) has not taken a pause for the holidays and seems to be building for an
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Department of Justice Files Emergency Motion to Stay the Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement
Edit on December 23, 2024: The 5th Circuit Court of Appeals ruled today in favor of the US Government and has lifted the nationwide injunction that was ordered by a
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Changes to Form 1099-K Reporting
Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments, was required to be filed by Third-Party Settlement Organizations (TPSOs) only
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Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement
Yesterday, a judge in the U.S. District Court for the Eastern District of Texas issued a preliminary injunction, effectively blocking the U.S. Department of Treasury from enforcing the CTA’s beneficial
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2024 BMSS Year-End Tax Planning Letter
As we approach the end of 2024, it’s essential to plan ahead to ensure that you are well-prepared for the upcoming tax season. Whether you’re an individual, a business owner,
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Personal Use of Company Auto
According to IRS regulations, the personal usage of company cars by employees must be treated as taxable compensation income (and is subject to normal payroll taxes). In valuing this compensation,
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Preparing for W-2 and 1099 Season
The holidays are around the corner, and before we know it, January 2025 will be here! Let’s take a look at what we can do now to make the preparation
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Corporate Transparency Act – Beneficial Ownership Information Reporting Requirement
Dear Valued BMSS Client: Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement Many businesses are now required to comply with the Corporate Transparency Act (CTA) that became effective on
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When State or Local Minimum Wage Requirements Exceed Federal Prevailing Wages—Are Government Contractors Entitled to Reimbursement Through the REA Process?
The Civilian Board of Contract Appeals (“CBCA”) decided April 23, 2024 against a federal services contractor seeking compensatory relief through a request for equitable adjustment (“REA”) for increased costs arising
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FLSA Salary Exemption
Written by Rebecca Tipton, SHRM-SCP BMSS HR AdvisoryPutting the “Resource” in Human Resource Consulting Three months have passed since the first update to the FLSA exemption salary thresholds for the
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