COVID-19 - BMSS, LLC

IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic

On Friday, August 28, 2020, the IRS issued a news release announcing that Notice 2020-65 had been issued to provide guidance to implement the Presidential Memorandum issued on August 8,

IRS: Deadline to Return Distributions to Retirement Accounts is August 31

The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug. 31 to

Presidential Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

On August 8, President Trump issued a memorandum to the Secretary of Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The payroll tax deferral in this

Latest Developments on PPP and the Forgiveness Process

For most of you who received Paycheck Protection Program (PPP) loans under the CARES Act, the receipt of these funds provided a lifeline to your business during these challenging and

Why You May Not Want to Rush Your PPP Loan Forgiveness Application

In a nutshell, details are still being worked out by the Small Business Administration (SBA), the U.S. Treasury Department and lenders. Until those details are finalized, it may be wise

Senate Passes the Paycheck Protection Program (PPP) Flexibility Act of 2020

Late Wednesday, the Senate passed the House version of the Paycheck Protection Program (PPP) Flexibility Act of 2020 which triples the time period for PPP borrowers to spend the funds

BMSS Hosts Virtual Keep Corona Calm 5K and 1-Mile Fun Run

More than 250 BMSS employees and family members laced up their running shoes on Saturday, May 2 to rally together, while remaining at least six-feet apart, in the BMSS Presents:

Another Opportunity to Receive PPP Funding is Now Available

The Paycheck Protection Program loan portal reopened at 9:30 a.m. CST today, April 27. If you have already worked with a lender but were not approved before the first allocation

Provisions Affecting Retirement Plan Distributions and Loans in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes several provisions affecting retirement plan distributions and loans related to the COVID-19 virus that are discussed below. Distributions: Eligible individuals

BMSS Presents: Re-Opening the Economy Featuring Congressman Palmer

Please join us for our next webinar in our COVID-19 webinar series. We are excited and honored to announce that Congressman Gary Palmer will be the keynote speaker for our

Good News for PPP Loan Recipients Regarding Deferral of Payroll Taxes

The IRS released FAQs on Sec 2302 of the CARES Act, Delay of Payment of Employer Payroll Taxes. This provision generally provides that employers may defer the deposit and payment

Important Notice Regarding Legal Implications for Clients Who Have Applied for Loans from the PPP

The 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 known to us and we

IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic

IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic

IRS: Deadline to Return Distributions to Retirement Accounts is August 31

Presidential Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

Latest Developments on PPP and the Forgiveness Process

Why You May Not Want to Rush Your PPP Loan Forgiveness Application

Senate Passes the Paycheck Protection Program (PPP) Flexibility Act of 2020

BMSS Hosts Virtual Keep Corona Calm 5K and 1-Mile Fun Run

Another Opportunity to Receive PPP Funding is Now Available

Provisions Affecting Retirement Plan Distributions and Loans in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

BMSS Presents: Re-Opening the Economy Featuring Congressman Palmer

Good News for PPP Loan Recipients Regarding Deferral of Payroll Taxes

Important Notice Regarding Legal Implications for Clients Who Have Applied for Loans from the PPP

Local Firm. National Knowledge. Global Reach.