Business - BMSS, LLC

Your Alabama Tax License Renewal is Due December 31, 2022

Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License annually. 2022 License Renewal Due Date: 12/31/2022 The My Alabama Taxes (MAT) website provides the

Business Personal Property Tax Filings are Due December 31

It’s that time of year again and Business Personal Property Tax Returns are quickly approaching! What is the Business Personal Property Tax (Ad Valorem)? The Business Personal Property tax is

Changes to Form 1099-K Reporting for 2022

Written by Cooper Melvin, J.D., CPA 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

Your Alabama Unclaimed Property Report is Due November 1, 2022

If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This report covers property that is deemed

Carpe Diem: Five Silver Lining Strategies for Recession

A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent business leaders and economists contend

Review the 2022 BMSS Client Survey Results

As many businesses are focused on the possibility that the country could be heading into a recession, BMSS conducted a survey to gauge clients’ feel about where their businesses are

Ensure Your Organization is Prepared This Hurricane Season

Written by Dalton Hopper, CFE, CVA In our last BBL newsletter, we shared BDO’s Top 5 Tips when filing an insurance claim after a hurricane. Two months into the official

Tax Treatment of Research and Experimental Expenses During 2022

Written by Steven N. Smith, J.D., CPA The 2017 Tax Cuts and Jobs Act (TCJA) is the gift that keeps on giving, continuing to create significant challenges for taxpayers and

Alabama Department of Revenue Opens Window for Making Late Pass-Through Entity Election for 2021

By Ashley G. White, JD, CPA As we have previously reported in our Beyond the Bottom Line newsletters, the Alabama Electing Pass-Through Entity Tax Act (Act 2021-1 and Act 2021-423)

Penalty Abatement for ERC-related Tax

By Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue refunds to many businesses that

Understanding Your Buy-Sell Agreement – Part 5

Written by Dalton Hopper, CVA, CFE This is the last article in our series discussing the valuation aspects of buy-sell agreements. We have discussed what is included in a buy-sell

Understanding Your Buy-Sell Agreement – Part 4

Written by Dalton Hopper, CVA, CFE In our previous articles, we discussed items to consider including in your buy-sell agreement, as well as how to determine your business’ value, and

Your Alabama Tax License Renewal is Due December 31, 2022

Your Alabama Tax License Renewal is Due December 31, 2022

Business Personal Property Tax Filings are Due December 31

Changes to Form 1099-K Reporting for 2022

Your Alabama Unclaimed Property Report is Due November 1, 2022

Carpe Diem: Five Silver Lining Strategies for Recession

Review the 2022 BMSS Client Survey Results

Ensure Your Organization is Prepared This Hurricane Season

Tax Treatment of Research and Experimental Expenses During 2022

Alabama Department of Revenue Opens Window for Making Late Pass-Through Entity Election for 2021

Penalty Abatement for ERC-related Tax

Understanding Your Buy-Sell Agreement – Part 5

Understanding Your Buy-Sell Agreement – Part 4

Local Firm. National Knowledge. Global Reach.