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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

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Upcoming Intuit Product Updates – Updated June 28, 2024

Intuit 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

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Unclaimed Property for Businesses

Did 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

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E-Verify Reporting Requirements

What 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

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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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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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Final Paychecks: What is Required When an Employee Separates from Employment?

What 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

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2023 Social Security Wage Base Update

As 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

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Federal 941 Payroll Tax Lookback Procedures

Do 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

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Federal 941 Payroll Tax Lookback Procedures

IRS 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

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Are Client Accounting Services Right For You?

Written 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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