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Looking Ahead in Human Resources for a New Year
By Rebecca Tipton, SHRM-SCP HR Advisory Services We are officially in the final days of 2023, which is historically a time for celebration! However, before you break out your noisemakers
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Nonprofits: Are Your Processes Innovative or Merely Electronic? Leverage Technology the Right Way
Written by Gina McDonald, BDO, USA, P.C. Decades of innovation have transformed the finance office from a mindset of processing transactions to one of strategic financial management. But even with
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2023 BMSS Year-End Tax Planning Letter
As we approach the end of 2023, 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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Better Together: BMSS and Haddox Reid Merge Into One Firm, Effective December 1, 2023
Effective December 1, 2023, renowned Mississippi CPA and Advisory firm, Haddox Reid Eubank Betts PLLC (Haddox Reid), merged with top Alabama firm, BMSS Advisors & CPAs. Consolidated under the name
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You Can Now Potentially Withdraw Your ERC Claim
Written by Sarah Shirley Earlier this fall, the IRS issued a moratorium on the processing of any new Employee Retention Credit (ERC) claims through at least the end of the
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IRS Commits to Ramp Up Partnership Audits
By: Cooper Melvin, CPA, JD In September 2023, the IRS announced a special subdivision of the Large Business and International Division will be dedicated to pass-through entity audits. Partnerships have
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Preparing for W-2 and 1099 Season
The holidays are around the corner, and before you know it, January 2024 will be here! Let’s take a look at what you can do now to make the preparations
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99% of the S&P 500 is Reporting on ESG and 65% are Obtaining ESG Assurance
ESG* Reporting Is on the Rise Despite the blowback against ESG in politics and in the media, companies are actively engaged in sustainability and ESG reporting. That’s because investors are
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Your Alabama Tax License Renewal is Due December 31, 2023
Beginning November 1, 2020 and going forward, taxpayers are required to renew the State of Alabama Tax License annually. 2024 License Renewal Due Date: 12/31/2023 The My Alabama Taxes (MAT)
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EEO-1 Data Collection Window for 2022 Approaching
Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the “Resource” in Human Resource Consulting After many recent delays, the EEO-1 Data Collection Window is due to open on October
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Alabama Sales Tax Rate Reduction on Food Effective as of September 1, 2023
Alabama recently updated the state-level sales tax rate on food, reducing it from 4% to 3%, effective September 1, 2023. This does not affect local jurisdiction rates such as city
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Attention: Update to Business Personal Property Tax Filing Process
Beginning October 1, 2023, the OPPAL system will be a component of My Alabama Taxes to electronically file your business personal property return. If you (or BMSS on your behalf)
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