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Are Client Accounting Services Right For You?
Written by Fawn Smith, BMSS Manager If you are part of the management team of a company, you know how important the financial accounting function of your business can be.
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BMSS News and Updates
New Employees We would like to welcome Caleb Yarbrough and Reed McMahon who joined the BMSS family in May. Caleb will be working in our Huntsville office, and Reed will
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Growing with Intention While Maintaining Signature Exceptional Client Experience
Over the past nearly three decades, BMSS has experienced tremendous client growth in addition to an expansion of its Alabama footprint. We’ve changed our name, launched a new website and
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Significant Rule Change for Tax-Exempt Organizations Reporting Donor Information
By Marc Berger On July 16, 2018, the IRS released Revenue Procedure 2018-38, modifying the information reported to the IRS by certain tax-exempt organizations on their annual Form 990 or Form
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Qualified Business Income Deduction
The IRS released long-awaited guidance on new Code Sec 199A, commonly known as the “pass-through deduction” or the “qualified business income deduction.” Taxpayers can rely on these proposed regulations and a proposed revenue
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New Lease Standard – How It Affects Contractors
Written by Daniel Brock, CPA, CVA In 2016, the Financial Accounting Standards Board (FASB) issued a new standard that will significantly change how businesses record and report their leases. The
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Tax Considerations for Restaurants Entering New Markets
by Adam Berebitsky, BDO Tax Partner Today the average family’s schedule is faster-paced than before. As traditions around the dinner table reflect that change, the restaurant industry is growing at staggering
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BMSS Video Series Part 8: Estate and Trust Update
With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That’s why we’ve created an
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BMSS Video Series Part 7: Accounting Method Changes and Interest Expense Deduction Changes
With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That’s why we’ve created an
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BMSS Video Series Part 6: Section 179 and Bonus Depreciation
With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That’s why we’ve created an
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BMSS Video Series Part 4: 20% Deduction for Pass-Through Entity QBI
With all the changes made in the recently enacted tax reform legislation, we are committed to keeping you informed while providing you peace of mind. That’s why we’ve created an
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Nonprofit Entities: New Reporting Rules Will Affect Your Financial Statements
Written by Patrick Bowman, CPA On August 8, 2016, the Financial Accounting Standards Board issued new rules for nonprofits, FASB Accounting Standards Update 2016-14, Presentation of Financial Statements of Nonprofit
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