filing - BMSS, LLC

State Charitable Solicitation Registrations and Other Filing Requirements

Did you know that states have their own laws requiring charitable organizations to register or file financial information? Most charitable organizations are aware of charitable solicitation registration requirements but may

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

Preparing for W-2 and 1099 Season

The holidays are around the corner, and before you know it, January 2024 will be here! Let’s take a look at what you can do now to make the preparations

Employee Benefit Plan Audits: Common Deficiencies and Keys to Success

Written by Emily Riles, CPA After the tax and audit deadlines in April, many companies begin to prepare for their Employee Benefit Plan (EBP) Audit for their 401(k) plan, 403(b)

Tax Treatment of Research and Experimental Expenses For 2022 Tax Filings

Written by Sarah Shirley The 2017 Tax Cuts and Jobs Act (TCJA) is the gift that keeps on giving, continuing to create significant challenges for taxpayers and their advisors in

Reasons to Consider Extending Your Tax Return

Written by Drew Nicol, CPA Tax season is upon us once again. Many taxpayers have begun closing out year-end books and started gathering documents in order to prepare for the

Your Alabama Unclaimed Property Report is Due November 1, 2022

If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer’s Office. This report covers property that is deemed

Name, Image and Likeness Collides with Taxes

Written by Cooper Melvin, J.D., CPA Background Name, Image and Likenesses (NIL) has been in the news – sports media and generally – in a significant way since the summer

Considerations for the Employee Retention Credit

Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees on the payroll during the

K-2/K-3 Filing Requirements

By: Cooper Melvin, JD, CPA Taxpayers owning an interest in certain partnerships or S corporations may have noticed additional information in the Schedule K-1 package for 2021 regarding international tax

Update on Electing Pass-Through Entities in Alabama

We have been closely following developments on Electing Pass-Through Entities in Alabama and providing updates to you as they become available. These updates have included direct communications to our clients

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) borrowers. The passage of the

State Charitable Solicitation Registrations and Other Filing Requirements

State Charitable Solicitation Registrations and Other Filing Requirements

Alabama 2024 Annual Report Changes

Preparing for W-2 and 1099 Season

Employee Benefit Plan Audits: Common Deficiencies and Keys to Success

Tax Treatment of Research and Experimental Expenses For 2022 Tax Filings

Reasons to Consider Extending Your Tax Return

Your Alabama Unclaimed Property Report is Due November 1, 2022

Name, Image and Likeness Collides with Taxes

Considerations for the Employee Retention Credit

K-2/K-3 Filing Requirements

Update on Electing Pass-Through Entities in Alabama

Employee Retention Credit – Timing of Qualified Wages Deduction Disallowance

Local Firm. National Knowledge. Global Reach.