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: tax
Jun 16, 2022
BMSS Presents: A Washington D.C. Update with AICPA’s Mark Peterson
Join us on Thursday, June 16th as Mark Peterson, Executive VP of Advocacy at the American Institute of CPAs (AICPA), provides an update from Washington…
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Jun 15, 2022
Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023
By Ashley G. White, JD, CPA Governor Kay Ivey recently signed into law Act No. 2022-252, amending the law regarding the minimum business privilege tax…
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Jun 01, 2022
Understanding Your Buy-Sell Agreement – Part 3
Written by Dalton Hopper, CVA, CFE As mentioned in our previous articles in this series, we discussed what should be outlined in the buy-sell agreement…
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May 18, 2022
LIFO Election – Is It Right for Your Business?
Written by Ryan Carter, CPA LIFO Reserve Over the past two years, we have all felt the impact of the current market inflation. From our…
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May 04, 2022
Newly Released Proposed Regulations Regarding Post-Death Distributions from Inherited IRAs and Retirement Plans
Written by Ashley G. White, JD, CPA The SECURE Act (the “Act”) became law effective January 1, 2020, and made significant changes to the rules…
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May 03, 2022
Package of Tax Provisions?
With the prospects of a comprehensive U.S. tax legislative package unlikely, one possible path for Congress is the consideration of smaller, more targeted pieces of…
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Apr 20, 2022
Tax Considerations for Private Equity Funds and Investors
Written by Jeff Bilsky and Verenda Graham. The federal income tax rules that apply to private equity funds and investors have been the subject of…
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Apr 06, 2022
2022 Alabama Unemployment Tax Rate Notices
What’s happening? The Alabama Department of Revenue has started releasing 2022 Tax Rate Notices. Alabama no longer mails paper copies of these notices, so employers…
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Apr 06, 2022
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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