By Steven N. Smith, CPA, JD Initially, the employee retention credit (ERC), enacted by the CARES Act, was not available to paycheck protection program (PPP)…
Read MoreOn Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama,…
Read MoreEmployers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers…
Read More2020 presents unique opportunities for tax planning with regards to your retirement accounts. The SECURE Act…
Read MoreWhen the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not…
Read More2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global…
Read MoreFor most of you who received Paycheck Protection Program (PPP) loans under the CARES Act, the receipt of these funds provided a lifeline to your…
Read MoreIf you are participating in the Paycheck Protection Program (PPP) and have received your funding, it is likely you have questions about the second phase…
Read MoreThe IRS released FAQs on Sec 2302 of the CARES Act, Delay of Payment of Employer Payroll Taxes. This provision generally provides that employers may…
Read MoreThe accounting, tax and general business implications of COVID-19 is a rapidly evolving situation. BMSS will provide an update and/or revised information as it becomes…
Read More
BMSS, LLC
All contents ©2023 BMSS, LLC All rights reserved.