Penalty Abatement for ERC-related Tax
By Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue…
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Jun 23, 2022
News
Tag: employee
Feb 23, 2022
Employee Retention Credit – Timing of Qualified Wages Deduction Disallowance
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)…
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Dec 15, 2021
How to Repay Q4 Employee Retention Credit (ERC)
By Cooper Melvin, JD If you received an advance payment of the employee retention credit for the fourth calendar quarter of 2021, you might have…
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Aug 25, 2021
Book and Tax Implications of Earnouts
One of the many challenges in any deal negotiation is for the buyer and seller to reach an agreement on the purchase price. This is…
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Jul 28, 2021
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…
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Jul 10, 2017
Congratulations to our 2017 Promotees!
As of July 1st, we are excited to announce the following people were promoted to the next level in their careers at BMSS. These individuals…
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