
Preparing for W-2 and 1099 Season
The holidays are around the corner, and before we know it, January 2025 will be here! Let’s take a look at what we can do now to make the preparation
Read MoreThe holidays are around the corner, and before we know it, January 2025 will be here! Let’s take a look at what we can do now to make the preparation
Read MoreIntuit has announced several product updates coming up over the next year or so. If you use QuickBooks Desktop, this may impact you! Intuit made a decision that after September
Read MoreDid you know that businesses are required to report unclaimed or abandoned property to the state of the owner’s last known address as shown on a company’s books or in
Read MoreWhat is E-Verify? E-Verify is an Internet-based system that allows employers to confirm newly hired employees are legally authorized to work in the United States. The E-Verify system compares information
Read MoreBeginning 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)
Read MoreAlabama 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
Read MoreBeginning 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)
Read MoreWhat are Alabama’s rules surrounding final paychecks? Alabama does not provide regulations on when a final check must be issued, so employers are required by the Fair Labor and Standards
Read MoreAs we approach the end of the year, it is important to remain aware of changes that may affect your payroll software. One of the changes will be to the
Read MoreDo you pay Federal 941 payroll taxes on a monthly deposit schedule? If so, it may wise to perform an annual checkup to find out if you are required to
Read MoreIRS Notice 931, Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income, social security and Medicare taxes. If your company is currently paying Federal
Read MoreWritten 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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