Trump Accounts: Childhood Savings Just Got YUGE
Written by Sarah Shirley, BMSS Supervisor Move over, piggy banks! The One Big Beautiful Bill Act (OBBBA) introduces a new way for kids to save, and it’s making quite the
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Written by Sarah Shirley, BMSS Supervisor Move over, piggy banks! The One Big Beautiful Bill Act (OBBBA) introduces a new way for kids to save, and it’s making quite the
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Alabama enacted tax incentives beginning in 2025 to expand childcare capacity and support workforce participation. The program includes (1) an Employer Child Care Tax Credit, and (2) a Child Care
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Alabama has enacted a Rural Hospital Investment Tax Credit that can provide a dollar-for-dollar Alabama tax credit for cash donations to Board-approved, eligible rural hospitals or certain approved third-party entities
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The wage base limit is the maximum wage that’s subject to Social Security tax for that year. In 2025, the Social Security Wage base was $176,100 and is increasing to
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IRS Notice 931 (Rev. September 2025), Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income tax, social security and Medicare tax. If your company
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As 2025 comes to a close, manufacturing businesses across the United States face another year of rapid change; tariffs, logistics pressures, and tax reforms continue to impact profitability. To help
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As we approach the end of 2025, it’s essential to plan ahead so that you are well-prepared for the upcoming tax season. Whether you’re an individual, a business owner, or
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BMSS Advisors & CPAs is proud to share that Member, Jan Lewis, CPA, CGMA has been named an Honoree in the 2025 Global Women to Watch in the Experienced Leaders
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Most business owners seek professional accounting help for one reason: to file taxes and stay compliant. Yet this practical necessity often obscures a more valuable truth, expert financial guidance delivers
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Beginning November 1, 2020, taxpayers are required to renew the State of Alabama Tax License annually. 2026 License Renewal Due Date: 12/31/2025 The My Alabama Taxes (MAT) website provides the
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On March 25, 2025, President Trump signed an Executive Order requiring the U.S. Treasury to phase out paper checks for nearly all federal payments and collections by September 30, 2025.
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President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under
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