In the last Beyond the Bottom Line newsletter, BMSS briefly discussed the Advance Child Tax Credit under the American Rescue Plan enacted in March 2021….
Read MoreOne week ago, President Biden outlined a massive $2 trillion infrastructure proposal to address some of the issues that his administration consider to be the…
Read MoreWhen the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not…
Read MoreThe IRS released FAQs on Sec 2302 of the CARES Act, Delay of Payment of Employer Payroll Taxes. This provision generally provides that employers may…
Read MoreLate Thursday afternoon (April 9), the IRS issued News Release 2020-66, in which they announced that Notice 2020-23 extends additional key tax deadlines for individuals…
Read MoreMuch attention has already been given to the postponement from April 15 to July 15 of certain payments of tax and filings. The Internal Revenue Service (IRS)…
Read MoreAs we approach the holiday season, it looks like enough of us have made the Nice List for the IRS to leave us some small…
Read MoreRead these quick facts about the IRS’ additional guidance relating to investments in Opportunity Zones.
Read More
The IRS and state tax agencies have issued an urgent alert to all employers regarding a Form W-2 phishing scam. This scam is particularly…
Read MoreWritten by Steven N. Smith, CPA, JD The Bipartisan Budget Act of 2015, enacted on November 2, 2015, includes significant changes in IRS rules…
Read More