Firm News – January 2016

Firm News – January 2016

Happy New Year from all of us at BMSS. We’ve been busy as we kick off our 2016 tax season. To get you up to speed on the new items

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Tax Considerations When Delaying Social Security

The timing of when you take your Social Security can have a potentially significant impact on your overall tax strategy during retirement. While each person’s case is unique, delaying Social

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Deadline Extensions for Affordable Care Act Information

In Notice 2016-4, released on December 28, 2015, the Service extended the due dates for the Affordable Care Act (ACA) information reports that certain employers and coverage providers must issue

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Stock Market: The Impact of Higher Interest Rates

On Dec. 16, the Federal Open Market Committee of the Federal Reserve Board announced that it was raising the target range for the federal funds rate from 1/4 percent to

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How Behavioral Finance Impacts Personal Investing

Financial planning can be intimidating, but personal financial planning is more like a puzzle you have to work out. That’s because traditional finance assumes that markets are rational and that

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Noteworthy Tax Changes for the New Year

The tax extender bill has passed and been signed by the president, giving individuals and businesses resolution on many items that were set to expire. Unlike earlier tax extender bills,

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