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Alabama Childcare Tax Credits (2025–2027) – Opportunities for Employers and Childcare Providers

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 Rural Hospital Investment Tax Credit (2026-2028) – Planning Opportunity Starting in 2026

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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Social Security Wage Base Update

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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Federal 941 Payroll Tax Lookback Procedures

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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Maximizing Year-End Cash Flow for Manufacturing Companies

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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BMSS’ 2025 Year-end Tax Planning Letter Is Here!

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 Member, Jan Lewis, CPA, CGMA Awarded AICPA 2025 Global Women to Watch

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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Why Small Businesses Should Work with a Reputable Accounting Firm

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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Your Alabama Tax License Renewal is Due December 31, 2025

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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Paper Checks Scheduled to Cease on September 30, 2025

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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One Big Beautiful Bill Act: Implications for Accounting for Income Taxes

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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