Mississippi Passes New Grant Accountability Law: What Nonprofits and Grant Recipients Need to Know

Written by Maura McDevitt, CPA, MBA, CNAP, CGMA, BMSS Member Mississippi has enacted the Grant and Subgrant Administration Transparency and Accountability of Non-Governmental Organizations Act of 2026 (HB 1171), introducing

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Protecting Member Trust: Fortifying Credit Unions Against Cyber Threats

By Jonathan Perz (Abacus Technologies, Senior Security Analyst) In the evolving landscape of cybersecurity, credit unions are facing an unprecedented rise in cyberattacks, making it essential for them to bolster

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Understanding SOC Reporting: A Beginner’s Guide

Written by Corbin Parker, CISA, Abacus Technologies Organizations are increasingly relying on third parties to handle financial transactions, customer data, and IT services. This reliance introduces the need for trust

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Alabama 2024 Annual Report Changes

For corporate entities registered with the Alabama Secretary of State (ALSOS), beginning January 1, 2024, the ALSOS Corporation Annual Report is no longer reported with the Annual Business Privilege Tax

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Whistleblower Programs and Compliance: Enhancing Transparency and Accountability through Forensic Accounting

Written by Dalton Hopper, CFE, CVA Whistleblower programs and compliance initiatives have gained significant importance in recent years as organizations and governments strive to enhance transparency, ethical behavior, and accountability.

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OFCCP Compliance Reviews for Government Contractors: Do You Know What to Expect?

Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the “Resource” in Human Resource Consulting With the OFCCP’s recent release of its 2023 Corporate Scheduling Announcement List (CSAL), many government contractors may

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Biden Signs the Inflation Reduction Act of 2022

Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion bill is aimed at fighting

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BMSS’ 2021 Year-end Tax Planning Letter

2021 has been a year filled with recovery from the pandemic and economic hardships of 2020. As many of the tax breaks legislators provided during the pandemic come to an

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Understanding Excludable Fringe Benefits

By: Cooper Melvin J.D., Staff Accountant Recent news has brought a focus on employer-provided fringe benefits and the consequences to employees and businesses if accounting is improper. Compliance with accounting

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DCAA Audits Post COVID-19

Government contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to continue working with the government. 

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