Business - BMSS, LLC

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

Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023

By Ashley G. White, JD, CPA Governor Kay Ivey recently signed into law Act No. 2022-252, amending the law regarding the minimum business privilege tax to be paid by small

Understanding Your Buy-Sell Agreement – Part 2

Written by Dalton Hopper, CVA, CFE Recently, we kicked off a series discussing buy-sell agreements and what business owners and business advisors should know when it comes to valuation. In

Understanding Your Buy-Sell Agreement – Part 1

Written by Dalton Hopper, CFE, CVA We are starting a short series on how business owners and their advisors can prepare an exit strategy by understanding their buy-sell agreement. Our

Package of Tax Provisions?

With the prospects of a comprehensive U.S. tax legislative package unlikely, one possible path for Congress is the consideration of smaller, more targeted pieces of legislation. One possibility of such targeted

Carpe Diem: Five Silver Lining Strategies for Recession

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

Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023

Understanding Your Buy-Sell Agreement – Part 2

Understanding Your Buy-Sell Agreement – Part 1

Package of Tax Provisions?

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