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# BMSS, LLC

## Sitemaps

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## Posts

- [Insights](https://www.bmss.com/news/) - Gain access to our latest thought leadership on tax, accounting and audit topics along with the latest firm news and how to impact our clients and prospects.
- [BMSS Member Mike Gladney Named 2026 MSCPA Public Service Award Recipient](https://www.bmss.com/bmss-member-mike-gladney-named-2026-mscpa-public-service-award-recipient/) - Find out more about the news that Member Mike Gladney has been Named 2026 MSCPA Public Service Award Recipient - Ridgeland CPA Firm.
- [Standard Costing for Manufacturing](https://www.bmss.com/standard-costing-for-manufacturing/) - What is Standard Costing? Find out the answer to this question including and the benefits of relying on this method and various limitations - Manufacturing CPA.
- [Understanding Quality Control Costs in Manufacturing](https://www.bmss.com/understanding-quality-control-costs-in-manufacturing/) - Find out more about the quality cost controls that manufacturers need to monitor including prevention and appraisal costs - Manufacturing CPA Firm.
- [New IRS Business Tax Accounts Are Now Available for Exempt Organizations](https://www.bmss.com/new-irs-business-tax-accounts-are-now-available-for-exempt-organizations/) - The IRS has expanded its Business Tax Account (BTA) portal to now include tax-exempt organizations, giving nonprofits more direct, digital access to their tax information than ever before. This is a meaningful step forward in how nonprofits can manage their compliance and financial obligations online. What Nonprofits Can Now Do Through the Business Tax Account
- [Your Credit Union Is Already Facing New Cybersecurity and AI Governance Expectations. Is Your Institution Ready?](https://www.bmss.com/your-credit-union-is-already-facing-new-cybersecurity-and-ai-governance-expectations-is-your-institution-ready/) - Find out more about the various cybersecurity compliance requirements and how AI has entered the broader conversation - Birmingham CPA Firm.
- [BMSS Manager Cheyenne Sandlin Named 2026 ASCPA Outstanding Young CPA Award Recipient](https://www.bmss.com/bmss-manager-cheyenne-sandlin-named-2026-ascpa-outstanding-young-cpa-award-recipient/) - HUNTSVILLE, Ala. – BMSS Advisors & CPAs is pleased to share that Cheyenne Sandlin, CPA, a Manager in the firm’s Huntsville office, has been named the 2026 recipient of the Alabama Society of Certified Public Accountants’ (ASCPA) Outstanding Young CPA Award. The ASCPA Outstanding Young CPA Award recognizes outstanding service on the Young CPA Board
- [Avizo Group to Merge with BMSS Advisors & CPAs, Expanding Alabama Gulf Coast Presence](https://www.bmss.com/avizo-group-to-merge-with-bmss-advisors-cpas-expanding-alabama-gulf-coast-presence/) - FAIRHOPE, Alabama— Avizo Group, Inc. will merge with BMSS Advisors & CPAs, effective July 1, 2026, bringing together two relationship-driven firms with shared values, complementary expertise and a commitment to delivering exceptional client service. Through the merger, BMSS will expand from eight offices to 10, adding locations in Brewton and Fairhope, Alabama, and growing to
- [Important Update: Launch of Trump Accounts and Tax-Advantaged Savings for Children](https://www.bmss.com/important-update-launch-of-trump-accounts-and-tax-advantaged-savings-for-children/) - The U.S. Department of the Treasury recently announced the launch of the "Trump Accounts: Official App," which will serve as the primary platform for families to activate and manage these new tax-advantaged savings accounts. With the program set to go live on July 4, 2026, we are providing the following information to help you navigate
- [BMSS Member Jamey Carroll Receives ASCPA E. Lamar Reeves Lifetime Member Award](https://www.bmss.com/bmss-member-jamey-carroll-receives-ascpa-e-lamar-reeves-lifetime-member-award/) - BMSS Advisors & CPAs is pleased to share that Jamey Carroll, CPA, a Member in the firm’s Huntsville office, has received the E. Lamar Reeves Lifetime Member Award from the Alabama Society of Certified Public Accountants (ASCPA). The E. Lamar Reeves Lifetime Member Award is the highest recognition given by the ASCPA and honors CPAs
- [Senior Manager, Dalton Hopper, Named Chair of the NACVA Standards Board](https://www.bmss.com/senior-manager-dalton-hopper-named-chair-of-the-nacva-standards-board/) - Find out more about the news that Dalton Hopper, Named Chair of the NACVA Standards Board reflecting his deep experience - Birmingham CPA Firm.
- [Do You Have an Approved Accounting System? What Every Government Contractor Needs to Know](https://www.bmss.com/do-you-have-an-approved-accounting-system-what-every-government-contractor-needs-to-know/) - Do You Have an Approved Accounting System? Find out how to determine if you have an approved system including the four pillars of an approved accounting system.
- [How Executive Order 14173, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,” Affects Employer Responsibilities](https://www.bmss.com/how-executive-order-14173-ending-illegal-discrimination-and-restoring-merit-based-opportunity-affects-employer-responsibilities/) - Rebecca Tipton, SHRM-SCP, BMSS HR Advisory ServicesPutting the “Resource” in Human Resource Consulting Regardless of your particular political preference, I don’t think anyone could argue that these first few months of Donald Trump’s presidential administration have been busy. As of the day that I am drafting this particular article, 73 executive orders have been published
- [How Tariffs Will Impact Crude Oil Prices and What This Means for Consumers](https://www.bmss.com/how-tariffs-will-impact-crude-oil-prices-and-what-this-means-for-consumers/) - Find out more about how the recent tariff changes will impact the cost of crude oil and the effect it will have on consumers - Birmingham CPA Firm.
- [BMSS Manager Testifies Before the IRS on Behalf of the NACVA](https://www.bmss.com/bmss-manager-testifies-before-the-irs-on-behalf-of-the-nacva/) - Written by Dalton Hopper, CFE, CVA, ABV Recently, I had the opportunity to testify before the IRS in Washington, D.C. as a Standards Board member of the National Association of Certified Valuators and Analysts (NACVA). While this opportunity was both personally and professionally rewarding, I am hopeful the IRS has heard our collective concerns with
- [How AI Is Revolutionizing Construction Workflows and Driving Efficiency](https://www.bmss.com/how-ai-is-revolutionizing-construction-workflows-and-driving-efficiency/) - Written by: Mason Murphy, Manager, CPA, CCIFP, BMSS Manager The construction industry has never been short on complexity. Between managing tight project timelines, coordinating labor and materials, and responding to ever-changing job site conditions, contractors are constantly searching for ways to work smarter. Increasingly, artificial intelligence (AI) is becoming one of the most powerful tools
- [The Technology Gap in Construction Is Widening: What Does That Mean for Your Business?](https://www.bmss.com/the-technology-gap-in-construction-is-widening-what-does-that-mean-for-your-business/) - Find out more about the technology gap in construction including the benefits that early adoption of artificial intelligence has yielded - Construction CPA Firm.
- [Important Tax Update: How a Recent Court Decision May Entitle You to a Refund or Removal of IRS Penalties and Interest](https://www.bmss.com/important-tax-update-how-a-recent-court-decision-may-entitle-you-to-a-refund-or-removal-of-irs-penalties-and-interest/) - Kwong v. United States — Deadline to Act: July 10, 2026 A recent court ruling — Kwong v. United States — may allow certain taxpayers to get back money they paid in IRS penalties and interest during the COVID-19 pandemic, or have those charges removed if they remain unpaid. If you were assessed penalties or
- [AI-Powered Tax Enforcement: What the IRS' Data-First Compliance Model Means for Your Business](https://www.bmss.com/ai-powered-tax-enforcement-what-the-irs-data-first-compliance-model-means-for-your-business/) - Find out more about the recently announced the IRS modernization through AI powered tax enforcement and the impact on businesses - Birmingham CPA.
- [BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Named 2026 Chair of the AICPA](https://www.bmss.com/bmss-advisors-cpas-member-jan-lewis-cpa-cgma-named-2026-chair-of-the-aicpa/) - Review the news release that Jan Lewis, CPA, has been named the 2026 named the 2026 Chair of the AICPA and CIMA - Birmingham CPA Firm.
- [IEEPA Tariff Refunds Begin: What Business Owners and Finance Leaders Should Know](https://www.bmss.com/ieepa-tariff-refunds-begin-what-business-owners-and-finance-leaders-should-know/) - Find out more about the start of the IEEPA Tariff Refunds and the steps to requesting a refund including the need for a ACE Secure Data Portal account - Birmingham CPA
- [What Every Government Contractor Needs to Know About Novations](https://www.bmss.com/what-every-government-contractor-needs-to-know-about-novations/) - What Is a Novation? Find out how these formal agreements dictated in FAR Subpart 42.12 recognize a successor company to take over an existing contract.
- [How Southeast Manufacturers Are Using AI and Automation to Address Workforce Shortages](https://www.bmss.com/how-southeast-manufacturers-are-using-ai-and-automation-to-address-workforce-shortages/) - Find out more about how Southeast manufacturers are using AI and automation to address workforce shortages including robotic process automation - Manufacturing CPA.
- [Manufacturing Overhead and Cost Control](https://www.bmss.com/manufacturing-overhead-and-cost-control/) - What is Manufacturing Overhead? Find out the answer including indirect operations, equipment, energy, production and scheduling - Manufacturing CPA Firm.
- [Key Lessons from Manufacturers Who Navigated Recent Shortages with Creative Inventory Management](https://www.bmss.com/key-lessons-from-manufacturers-who-navigated-recent-shortages-with-creative-inventory-management/) - Written by Stephen Von Hagel, CPA, CGMA, BMSS Member The COVID-19 pandemic exposed a hard truth that manufacturers already knew but rarely planned around: global supply chains are fragile. Factory shutdowns, port congestion, labor shortages, and unpredictable demand swings turned what were once manageable inconveniences into existential threats for many businesses. Now, with ongoing geopolitical
- [Do You Have an Approved Accounting System? The Million-Dollar Question for Government Contractors](https://www.bmss.com/do-you-have-an-approved-accounting-system-themillion-dollar-question-for-government-contractors/) - Do You Have an Approved Accounting System? Find out the answer to this question including the four pillars of an approved accounting system - DCAA Accounting.
- [The 3 C’s of Onboarding: The Essential Components of a Successful Employee Onboarding Strategy](https://www.bmss.com/the-3-cs-of-onboarding-the-essential-components-of-a-successful-employee-onboarding-strategy/) - Written by: Rebecca Tipton, SHRM-SCP Putting the “Resource” in Human Resources Consulting Employers often spend significant time and resources recruiting new hires, yet many underestimate the importance of what happens after the offer letter is signed. To be most effective, an onboarding program is more than just an administrative process; it is a strategic initiative
- [Five FAQs about Embedded Leases](https://www.bmss.com/five-faqs-about-embedded-leases/) - #1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.” This definition includes any agreement, even those that are not specifically lease agreements.
- [Mississippi Passes New Grant Accountability Law: What Nonprofits and Grant Recipients Need to Know](https://www.bmss.com/mississippi-passes-new-grant-accountability-law-what-nonprofits-and-grant-recipients-need-to-know/) - Find out more about the recently passed New Grant Accountability Law passed in Mississippi and the impact on local nonprofits - Birmingham CPA Firm.
- [Manufacturing in America: How Tax Policy, Supply Chain Risks, and Regional Incentives Are Reshaping Location Strategy](https://www.bmss.com/manufacturing-in-america-how-tax-policy-supply-chain-risks-and-regional-incentives-are-reshaping-location-strategy/) - Find out more about key changes to manufacturing in America including changes the power of regional incentives and supply chain issues - Birmingham CPA.
- [The AI Dirty Dozen](https://www.bmss.com/the-ai-dirty-dozen/) - Find out more about the AI Dirty Dozen and the risks associated with using the technology including not having a formal AI use policy - Birmingham CPA Firm.
- [How Real-Time Inventory Tracking Helps Manufacturers Stay Resilient During Supply Chain Disruptions](https://www.bmss.com/how-real-time-inventory-tracking-helps-manufacturers-stay-resilient-during-supply-chain-disruptions/) - Find out more about the benefits of real time inventory tracking and the benefits offered to manufacturers including inventory visibility - Manufacturing CPA
- [Putting Employees First Fuels Growth at BMSS](https://www.bmss.com/putting-employees-first-fuels-growth-at-bmss/) - Find out about the various awards the firm has earned through investing in people include being named a 2026 Top 100 CPA Firm by Accounting Today.
- [Protecting Your Bottom Line: Financial Controls Every Manufacturer Should Strengthen](https://www.bmss.com/protecting-your-bottom-line-financial-controls-every-manufacturer-should-strengthen/) - Learn more about the Financial Controls Every Manufacturer Should Strengthen including implementing strong internal controls - Manufacturing CPA.
- [Important Update for Nonprofit Organizations – Calendar-Year Returns & Tax Payments](https://www.bmss.com/important-update-for-nonprofit-organizations-calendar-year-returns-tax-payments/) - Review our comprehensive nonprofit calendar year returns and tax payments and the news that paper checks will not be accepted by the IRS - Nonprofit CPA.
- [Strait of Hormuz Tensions Threaten Global Oil Supply and Fuel Prices](https://www.bmss.com/strait-of-hormuz-tensions-threaten-global-oil-supply-and-fuel-prices/) - Find out more about the how Strait of Hormuz tensions threaten the global oil supply and fuel prices including the impact of rising prices - Birmingham CPA.
- [What's the Latest with Oil Prices and What Does the Rest of the Summer Look Like?](https://www.bmss.com/whats-the-latest-with-oil-prices-and-what-does-the-rest-of-the-summer-look-like/) - Find out more about how the changes in 2025 oil prices will impact the economy along with other global oil price changes - Oil & Gas CPA Firm.
- [Outlook for the Oil & Gas Industry Following Venezuela & Maduro](https://www.bmss.com/outlook-for-the-oil-gas-industry-following-venezuela-maduro/) - Review our oil & gas industry outlook report post events that happened in Venezuela and the impact it will have on energy prices - Birmingham CPA Firm.
- [How Tariff Uncertainty and Supply Chain Disruptions Are Reshaping Manufacturing Strategy in 2026](https://www.bmss.com/how-tariff-uncertainty-and-supply-chain-disruptions-are-reshaping-manufacturing-strategy-in-2026/) - Find out more about how supply chain and tariff disruptions are impacting manufacturers including inventory issues and material costs changes - Manufacturing CPA.
- [Are You Preparing for the Sale of Your Business?](https://www.bmss.com/are-you-preparing-for-the-sale-of-your-business/) - Are You Preparing for the Sale of Your Business? Find out about the key considerations to make now including the need to start planning early - Birmingham CPA.
- [Making Technology Work for Your Mission: Essential Strategies for Nonprofit AI and Data Analytics Implementation](https://www.bmss.com/making-technology-work-for-your-mission-essential-strategies-for-nonprofit-ai-and-data-analytics-implementation/) - Learn more about the essential strategies for nonprofit artificial intelligence (AI) and data analytics implementation including the practical benefits.
- [Inventory Valuation for Manufacturers: What Criteria Should You Consider?](https://www.bmss.com/inventory-valuation-for-manufacturers-what-criteria-should-you-consider/) - Find out more about the key criteria to consider when evaluating inventory valuation methods including the impact on costs of good sold - Manufacturing CPA.
- [Strategic Considerations for Companies Affected by the IEEPA Tariff Termination](https://www.bmss.com/strategic-considerations-for-companies-affected-by-the-ieepa-tariff-termination/) - Written by Stephen Von Hagel, CPA, CGMA In Summary: The Supreme Court's termination of IEEPA tariffs has created unprecedented opportunities for businesses to recover previously paid duties but the path forward is far from clear. With the Administration implementing replacement Section 122 tariffs and no formal refund guidance yet issued, companies face critical decisions about
- [Trump Accounts: Childhood Savings Just Got YUGE](https://www.bmss.com/trump-accounts-childhood-savings-just-got-yuge/) - Find out more about the saving opportunities available through Trump accounts including who is eligible and how the savings tool works - Birmingham CPA.
- [Can the Right KPIs Help Manufacturers Navigate Rising Costs in 2026?](https://www.bmss.com/can-the-right-kpis-help-manufacturers-navigate-rising-costs-in-2026/) - Can the Right KPIs Help Manufacturers Navigate Rising Costs in 2026? Find out about the KPIs that can help manufacturers track rising expenses - Manufacturing CPA.
- [Automating Cost Accounting: Real-Time Insights for Manufacturing CFOs with AI-Powered Platforms](https://www.bmss.com/automating-cost-accounting-real-time-insights-for-manufacturing-cfos-with-ai-powered-platforms/) - Find out more about the ways manufacturing companies can automate cost accounting through AI solutions and the key considerations - Manufacturing CPA.
- [Is Your Manufacturing Company Doing Enough to Prevent Cyber Attacks?](https://www.bmss.com/is-your-manufacturing-company-doing-enough-to-prevent-cyber-attacks/) - Is Your Manufacturing Company Doing Enough to Prevent Cyber Attacks? Find out the answer to this question and the steps manufacturing companies can take.
- [Nonprofit Annual Report Filing Requirement in Mississippi](https://www.bmss.com/nonprofit-annual-report-filing-requirement-in-mississippi/) - Find out more about the nonprofit annual report filing requirement for Mississippi organizations including Business ID - Birmingham CPA Firm.
- [100% Expensing for Qualified Production Property (QPP):  What Manufacturers Need to Know](https://www.bmss.com/100-expensing-for-qualified-production-property-qpp-what-manufacturers-need-to-know/) - Find out more about the 100% expensing of qualified production property a new tax savings opportunity ushered in through the One Big Beautiful Bill Act
- [Q1 2026 Construction Tax Planning: Maximizing OBBBA's New Depreciation Rules](https://www.bmss.com/q1-2026-construction-tax-planning-maximizing-obbbas-new-depreciation-rules-2/) - Find out more about the key considerations that construction companies should make in Q1 2026 including expanded opportunities with Section 179d.
- [Tax Season 2026 is Here: What Do You Need to Know?](https://www.bmss.com/tax-season-2026-is-here-what-do-you-need-to-know/) - Uncover the key information clients need to know going into the 2026 tax season including engagement letters, how to submit information and postmark changes.
- [Paper Checks Scheduled to Cease on September 30, 2025](https://www.bmss.com/paper-checks-scheduled-to-cease-on-september-30-2025/) - Find out more about the recently issued Executive Order 14247 which calls for the phase-out of paper check payments from the federal government.
- [City Business License Renewal Deadlines Are Approaching](https://www.bmss.com/city-business-license-renewal-deadlines-are-approaching/) - Find out more about the pending deadlines for local city business license renewal including Birmingham and Huntsville - Birmingham CPA.
- [Meal Deductibility Changes Under the OBBBA](https://www.bmss.com/meal-deductibility-changes-under-the-obbba/) - Find out more about the changes to the meal deductibility rules including those that qualify as nondeductible meals - Birmingham CPA Firm.
- [Alabama Rural Hospital Investment Tax Credit (2026-2028) – Planning Opportunity Starting in 2026](https://www.bmss.com/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 that distribute funds among eligible hospitals. Credits are awarded first-come, first-served, and subject to annual statewide and per-hospital caps. For tax year 2026, reservations opened
- [Alabama Childcare Tax Credits (2025–2027) - Opportunities for Employers and Childcare Providers](https://www.bmss.com/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 Facility Tax Credit for qualifying providers. Credits are awarded first-come, first-served, and subject to annual statewide program caps. For tax year 2026, reservations opened January
- [Strengthening Your 2026 Budget Through Strategic Vendor Review](https://www.bmss.com/strengthening-your-2026-budget-through-strategic-vendor-review/) - Learn about the benefits that a strategic vendor review can provide to manufacturing companies in the budgeting process - Manufacturing CPA Firm.
- [Manufacturing KPIs to Watch in 2026](https://www.bmss.com/manufacturing-kpis-to-watch-in-2026/) - Learn more about the top key performance indicators (KPIs) manufacturing companies should track to ensure peak performance - Manufacturing CPA.
- [BMSS Family of Companies Takes Top Spot Among Large Companies - Best Companies to Work for in Alabama](https://www.bmss.com/bmss-family-of-companies-takes-top-spot-among-large-companies-best-companies-to-work-for-in-alabama/) - Learn about the news the firm has been named a Best Company to Work For in Alabama by Alabama Business - Birmingham CPA Firm.
- [Federal 941 Payroll Tax Lookback Procedures](https://www.bmss.com/federal-941-payroll-tax-lookback-procedures-4/) - Find out more about the Federal 941 payroll tax lookback procedures which should be followed by those paying payroll taxes on a monthly schedule.
- [Social Security Wage Base Update](https://www.bmss.com/social-security-wage-base-update/) - Learn about the recently updated Social Security Wage Based Update including the maximum wage that’s subject to Social Security tax - Birmingham CPA.
- [E-Verify Reporting Requirements](https://www.bmss.com/e-verify-reporting-requirements/) - What is E-Verify? E-Verify is an Internet-based system that allows employers to confirm newly hired employees are legally authorized to work in the United States. The E-Verify system compares information from Form I-9 to records available to the U.S. Department of Homeland Security. Is my business required to participate in it? All U.S. employers are
- [The White House Submits Its 2023 $5.8 Trillion Budget Proposal](https://www.bmss.com/the-white-house-submits-its-2023-5-8-trillion-budget-proposal/) - On Monday, March 28, 2022, President Biden submitted his budget proposal to Congress for the 2023 fiscal year. The budget would reduce the national deficit by approximately $1 trillion over 10 years primarily by increasing the corporate tax rate to 28% and introducing a minimum tax on total income, including unrealized gains, of highest earners.
- [EEO-1 Data Collection Window for 2022 Approaching](https://www.bmss.com/eeo-1-data-collection-window-for-2022-approaching/) - Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the "Resource" in Human Resource Consulting After many recent delays, the EEO-1 Data Collection Window is due to open on October 31, 2023 via the EEOC website for covered employers to submit their mandated 2022 EEO-1 reports by the close of the window on December 5,
- [Taxation of Employees' Personal Use of Company Vehicles Simplified by 2020 and 2021 IRS Regulations and Guidance](https://www.bmss.com/taxation-of-employees-personal-use-of-company-vehicles-simplified-by-2020-and-2021-irs-regulations-and-guidance/) - Under IRS general rules, all use of a company car is considered personal use unless the employee documents the business use of the car. Personal use of a company vehicle generally results in taxable wages for the employee. But sorting out the amount to tax can be confusing. The following provides a high-level summary of
- [Building Tomorrow’s Accounting Leaders: Why Young CPAs Need Strong Mentorship Programs](https://www.bmss.com/building-tomorrows-accounting-leaders-why-young-cpas-need-strong-mentorship-programs/) - The accounting profession is undergoing a transformation. As artificial intelligence (AI) automates routine tasks and clients increasingly expect proactive, strategic guidance, the firms that will thrive are those investing in people, not just technology. For young CPAs entering the workforce, success requires more than mastering technical skills. It demands mentorship, leadership development, and structured programs
- [Important Update: Unauthorized GoFundMe Pages Affect Nonprofits](https://www.bmss.com/important-update-unauthorized-gofundme-pages-affect-nonprofits/) - Find out more about the recently published inaccurate nonprofit GoFundMe pages and the steps that organizations can take to remove them - Nonprofit CPA Firm.
- [CECL for Nonprofits Is Here – Helping You Prepare](https://www.bmss.com/cecl-for-nonprofits-is-here-helping-you-prepare/) - Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments), commonly referred to as CECL or “Current Expected
- [State Charitable Solicitation Registrations and Other Filing Requirements](https://www.bmss.com/state-charitable-solicitation-registrations-and-other-filing-requirements/) - Find out more about the update state charitable solicitation registrations and other filing requirements impacting charitable organizations - Birmingham CPA.
- [Reporting a Change in Responsible Party: What It Means for Your Tax-exempt Organization](https://www.bmss.com/form-8822-b-what-it-means-for-your-tax-exempt-organization/) - Written by Whitney Roberson, CPA IRS regulations require any entity with an EIN to update responsible party information within 60 days of any change by using Form 8822-B. You may also use Form 8822-B to notify the Internal Revenue Service if you changed your business mailing address or business location. While organizations will not be
- [Breaking Down Barriers—and Siloes: Addressing Leadership Challenges in a Remote Environment](https://www.bmss.com/breaking-down-barriers-and-siloes-addressing-leadership-challenges-in-a-remote-environment/) - By: Barbara Finke, BDO USA Are you tired of the “new normal,” logging into yet another virtual meeting and hoping your internet will hold out for your key presentation? Or do you love being remote so much that you’ve thrown out all your business pants and shoes, replacing them with loungewear and comfy socks? Either
- [Incurred Cost Submissions Are Just Around the Corner – Are You Ready?](https://www.bmss.com/incurred-cost-submissions-are-just-around-the-corner-are-you-ready/) - Written by Becky Ramsey, Senior Government Contracts Consultant One of the requirements that government contractors face is the preparation of an Incurred Cost Submission. Especially if you are new to government contracting, the thought of preparing this massive Excel workbook can make you feel a little shaky. BMSS is here to help so have no
- ["What Indirect Rates Should I Bid?"](https://www.bmss.com/what-indirect-rates-should-i-bid/) - “What indirect rates should I bid?” This is one of the most common questions I hear from small to mid-sized government contractors. It is an understandable question. Indirect rates are a difficult concept to fully grasp when you are new to the government contracting world. They are also very significant when it comes time to
- [BMSS Hosts An Introduction to Ethics in Government Contracting](https://www.bmss.com/bmss-hosts-an-introduction-to-ethics-in-government-contracting/) - On September 25, BMSS hosted An Introduction to Ethics in Government Contracting. To access the recording, click here. To access the PowerPoint slides, click here.
- [100% ESOP-Owned Defense Department Government Contractors Eligible for Sole Source Awards on Follow-on Contracts](https://www.bmss.com/100-esop-owned-defense-department-government-contractors-eligible-for-sole-source-awards-on-follow-on-contracts/) - By Justin Tu, Norma Sharara & Blake Head with BDO United States With President Biden’s signing of the National Defense Authorization Act for Fiscal Year 2022 (Public Law No. 117-81) (the NDAA) on December 27, 2021, employee stock ownership plans (ESOPs) have become more attractive for Department of Defense (DoD) government contractors. Background The NDAA includes the first-ever
- [Strategic Accounting Support for Government Contracting](https://www.bmss.com/strategic-accounting-support-for-government-contracting/) - Find out more about our Contract Administration Advisory services which includes strategic accounting services for government contractors - Birmingham CPA>
- [Potential Tax Benefits of Distributions in Early 2022 for Trusts and Estates](https://www.bmss.com/potential-tax-benefits-of-distributions-in-early-2022-for-trusts-and-estates/) - By Dalton Bradshaw, CPA As the 2022 filing season quickly approaches, taxpayers may be considering options to reduce their upcoming tax liabilities. Due to the compressed tax brackets for trusts and estates, these considerations are of paramount importance. Typically, tax planning strategies are only applicable to the year in which the strategy is implemented, with
- [Alabama Qualified Dispositions in Trust (QDIT) Act](https://www.bmss.com/alabama-qualified-dispositions-in-trust-qdit-act/) - By: Dalton Bradshaw, CPA When considering asset protection from creditors, most individuals and advisors immediately think of assets being hidden away in foreign accounts by the world’s ultra-wealthy. However, legislatures in multiple states across the country have begun to enact statutes that provide domestic asset protection without the hassle of creating foreign accounts. On April
- [The Treasury’s Green Book and its Impact on Estate Planning](https://www.bmss.com/treasurys-green-book-and-its-impact-on-estate-planning/) - In late May of 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” (the “Proposal”) also known as the “Green Book.” The tax proposals presented in the Green Book address changes to a myriad of areas and industries, as we discussed in our Beyond the Bottom Line on
- [Beyond the Sale: Strategic Drivers for Business Valuations](https://www.bmss.com/beyond-the-sale-strategic-drivers-for-business-valuations/) - Find out more about the various situations in which a business valuation may be needed beyond a transaction including divorce proceedings - Business Appraisals.
- [Fortifying Futures: How the U.S. Supreme Court Changes the Way We Navigate Life Insurance and Buy-Sell Agreements](https://www.bmss.com/fortifying-futures-how-the-u-s-supreme-court-changes-the-way-we-navigate-life-insurance-and-buy-sell-agreements/) - Written by Dalton Hopper, CFE, CVA Two brothers, Michael and Thomas Connelly, were owners of Crown C Supply, a building supply company in St. Louis, Missouri. The two brothers entered into a redemption agreement that gave the surviving brother the option to purchase the deceased brother’s stock. If the surviving brother declined, the company itself
- [Maximizing Legacies: Navigating Business Valuations for Estate and Gift Tax Purposes](https://www.bmss.com/maximizing-legacies-navigating-business-valuations-for-estate-and-gift-tax-purposes/) - Written by Dalton Hopper, CFE, CVA As part of the 2017 Tax Cuts and Jobs Act, the gift and estate lifetime exclusion amount was raised and is currently set to sunset at the end of 2025. Consequently, many individuals are leveraging the increased exclusion amount by making gifts to remove assets from their estate. One
- [The Difference One Word Makes](https://www.bmss.com/the-difference-one-word-makes/) - Written by Dalton Hopper, CFE, CVA There are few situations in which one word can make all the difference. In this example, we’re examining the difference between fair market value and fair value when valuing a business. As business owners form a business, one of the last items on their mind is their operating agreement,
- [Understanding Your Buy-Sell Agreement - Part 5](https://www.bmss.com/understanding-your-buy-sell-agreement-part-5/) - Written by Dalton Hopper, CVA, CFE This is the last article in our series discussing the valuation aspects of buy-sell agreements. We have discussed what is included in a buy-sell agreement and how, when, and who should be involved in valuing the business or interest. Finally, we must discuss one of the most often used
- [Understanding Your Buy-Sell Agreement - Part 4](https://www.bmss.com/understanding-your-buy-sell-agreement-part-4/) - Written by Dalton Hopper, CVA, CFE In our previous articles, we discussed items to consider including in your buy-sell agreement, as well as how to determine your business’ value, and what triggering events may occur for your business. Now, we will discuss who can help you determine the value of your business. As we have
- [Understanding Your Buy-Sell Agreement - Part 2](https://www.bmss.com/understanding-your-buy-sell-agreement-part-2/) - Written by Dalton Hopper, CVA, CFE Recently, we kicked off a series discussing buy-sell agreements and what business owners and business advisors should know when it comes to valuation. In our last article, we outlined what a buy-sell agreement should contain. Now, let’s discuss some ways to define a business’ value within a buy-sell agreement.
- ["What's My Business Worth?" A Business Valuation Can Help With the Answer](https://www.bmss.com/whats-my-business-worth-a-business-valuation-can-help-with-the-answer/) - Written by BMSS Supervisor Dalton Hopper, CFE One of the most commonly asked questions from clients is, “What’s my business worth?” Whether you are planning to buy or sell a business, seeking financing for expansion and growth, preparing for an eventual exit, facing litigation, or arranging an estate, understanding the value of your business is crucial.
- [Kate Fluker Earns the Certified Construction Industry Financial Professional (CCIFP) Designation](https://www.bmss.com/kate-fluker-earns-the-certified-construction-industry-financial-professional-ccifp-designation/) - Congratulations to Kate Fluker for earning the Certified Construction Industry Financial Professional (CCIFP) Designation! Kate is now among the most highly qualified construction financial professionals in the industry and joins an exclusive group of over 1,150 professionals nationwide who have met the rigorous standards of the CCIFP designation in the practice of construction financial management.
- [Daniel Brock Earns the Certified Construction Industry Financial Professional (CCIFP) Designation](https://www.bmss.com/daniel-brock-earns-the-certified-construction-industry-financial-professional-ccifp-designation/) - Daniel Brock, CPA, CVA, CCIFP is now among the most highly qualified construction financial professionals in the industry, having recently earned the Certified Construction Industry Financial Professional (CCIFP) designation. According to the Certification Division of the Construction Financial Management Association (CFMA), the CCIFP designation is “the only construction financial management certification accredited by the ANSI
- [New Streamlined Exemption Certificate Procedure for Tax-Exempt Construction Projects - How It's Working So Far](https://www.bmss.com/new-streamlined-exemption-certificate-procedure-for-tax-exempt-construction-projects-how-its-working-so-far/) - A discussion about the new streamlined process for applying for a project-specific exemption certificate was presented to BMSS in a memo written by Bradley Partners, Bruce P. Ely and James E. Long, Jr. based on their experience with all parties to a major construction project for an institution that is statutorily exempt from Alabama sales and
- [Three Key Supply Chain Management Questions for 2023](https://www.bmss.com/three-key-supply-chain-management-questions-for-2023/) - Three Key Supply Chain Management Questions for 2023 Manufacturers will continue to face supply chain headwinds in 2023, a cause for concern following a turbulent few years. Economic uncertainty, supply shortages, rising costs and frustrated customers threaten to impede growth. Some supply chain industry pundits would have us believe there is little businesses can do
- [Maximizing Year-End Cash Flow for Manufacturing Companies](https://www.bmss.com/maximizing-year-end-cash-flow-for-manufacturing-companies/) - Discover the various ways that manufacturing companies can maximize cash flow at year end including through improving inventory and cost management.
- [BMSS' 2025 Year-end Tax Planning Letter Is Here!](https://www.bmss.com/bmss-2025-year-end-tax-planning-letter-is-here/) - Review our comprehensive year end tax planning letter for high net worth individuals, businesses, and families including estates and trusts - Birmingham CPA.
- [New Nonprofit Annual Report Filing Requirement in Mississippi](https://www.bmss.com/new-nonprofit-annual-report-filing-requirement-in-mississippi/) - Find out more about the new Mississippi nonprofit annual filing which requires certain information to be disclosed by May 15th - Nonprofit CPA Firm.
- [Reflect, Refine, and Rise: How HR Reviews Set the Stage for a Strong 2026](https://www.bmss.com/reflect-refine-and-rise-how-hr-reviews-set-the-stage-for-a-strong-2026/) - Find out more about the 2025 year end planning considerations that businesses can take in Human Resources including a handbook update.
- [Updating Responsible Party Information with the IRS](https://www.bmss.com/updating-responsible-party-information-with-the-irs/) - Find out more about the requirement for businesses and organizations to change responsible party information on IRS Form 8822-B - Birmingham CPA.
- [Protecting Member Trust: Fortifying Credit Unions Against Cyber Threats](https://www.bmss.com/protecting-member-trust-fortifying-credit-unions-against-cyber-threats/) - Find out more about the importance of credit union cybersecurity and the need for protection against ransomware attacks - Birmingham CPA Firm.
- [Understanding SOC Reporting: A Beginner’s Guide](https://www.bmss.com/understanding-soc-reporting-a-beginners-guide/) - Review our comprehensive guide to understanding SOC reporting including common misconceptions about SOC reporting and more - SOC 2 Reports.
- [Nonprofits: Navigating Change and Finding Resilience](https://www.bmss.com/nonprofits-navigating-change-and-finding-resilience/) - Find out more about how to drive nonprofit resilience and the steps to take when experiencing a charitable giving decline - Birmingham CPA Firm.
- [Balancing Act: Navigating the Promise and Pitfalls of AI and Emerging Technologies](https://www.bmss.com/balancing-act-navigating-the-promise-and-pitfalls-of-ai-and-emerging-technologies/) - Emerging technology and artificial intelligence present exciting opportunities in virtually every industry and field. From automating time-consuming, manual processes to generating information from a simple line of text, the potential use cases and capabilities these new tools offer can prompt organizations to rapidly adopt them. Yet the enticing possibility of what could be can also
- [Preparing for 1099 and W-2 Season](https://www.bmss.com/preparing-for-w-2-and-1099-season/) - Find out more about the key considerations that businesses need to make as year end approaches regarding Form 1099 and W-9 preparation and reporting.
- [BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA Awarded AICPA 2025 Global Women to Watch](https://www.bmss.com/bmss-advisors-cpas-member-jan-lewis-cpa-cgma-awarded-aicpa-2025-global-women-to-watch/) - Find out more about the news that Jan Lewis, CPA, has been named to the AICPA's list of 2025' Global Women to Watch - Birmingham CPA Firm.
- [BMSS 2025 Holiday Schedule](https://www.bmss.com/bmss-2025-holiday-schedule/)
- [Are You Preparing to Sell Your Business?](https://www.bmss.com/are-you-preparing-to-sell-your-business/) - Preparing to Sell Your Business? Find out the essential considerations to make when undergoing business exit planning - Birmingham CPA Firm.
- [10 Best Practices for Road Builders](https://www.bmss.com/10-best-practices-for-road-builders/) - Review this list of the 10 best practices for road builders including knowing the true job costs and importance of proper estimating - Construction CPA.
- [Unclaimed Property for Businesses](https://www.bmss.com/unclaimed-property-for-businesses/) - Find out more about unclaimed property reporting requirements that Alabama businesses need to comply with including report filing - Birmingham CPA
- [IRS Releases Updated FAQs to Provide Guidance on Employee Retention Credit (ERC) Taxability](https://www.bmss.com/irs-releases-updated-faqs-to-clarify-employee-retention-credit-erc-claim-issues/) - Review the list of recently published Frequently Asked Questions on the taxability of Employee Retention Tax Credit (ERTC) funds - Birmingham CPA Firm.
- [Why Small Businesses Should Work with a Reputable Accounting Firm](https://www.bmss.com/why-small-businesses-should-work-with-a-reputable-accounting-firm/) - Find out why small businesses need to work with reputable accounting firms to ensure that tax planning is properly conducted and more - Birmingham CPA.
- [Your Alabama Tax License Renewal is Due December 31, 2025](https://www.bmss.com/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 ability for the business information to be verified and/or updated in order to generate a new license for the upcoming year. Here are step-by-step instructions for
- [BMSS Legacy Continues Fall Serve Day Initiative](https://www.bmss.com/bmss-legacy-continues-fall-serve-day-initiative/) - Find out more the details of the firm's Fall Service Day Initiative including the various organizations served including the East Lake Initiative.
- [Preparing for W-2 and 1099 Season](https://www.bmss.com/preparing-for-w2-and-1099-season-2/) - Find out more about the steps which companies can take to prepare for Form 1099 and W-2 season including maintaining an updated vendor list.
- [IRS Commits to Ramp Up Partnership Audits](https://www.bmss.com/irs-commits-to-ramp-up-partnership-audits/) - Find out more about the news the IRS has recently announced there will be an increase in the amount of partnership and pass through audits conducted.
- [You Can Now Potentially Withdraw Your ERC Claim](https://www.bmss.com/you-can-now-potentially-withdraw-your-erc-claim/) - Not sure if your ERTC Claim is legitimate? The IRS now offers a claim withdrawal process designed to allow taxpayers voluntary remove a claim from consideration.
- [City Business License Renewals](https://www.bmss.com/city-business-license-renewals-2/) - Find out more about the city business license renewal process and requirements for different AL cities including Birmingham AL - Birmingham CPA.
- [Preparing to Sell Your Business](https://www.bmss.com/preparing-to-sell-your-business/) - Learn about the steps involved in preparing to sell your business
- [Retirement Plan Changes for 2023 and Beyond](https://www.bmss.com/retirement-plan-changes-for-2023-and-beyond/) - Learn more about the retirement plan changes expected to unfold in 2023 including changes to required minimum distributions and 529 rollovers.
- [Independent Contractor (Self-Employed) or Employee?](https://www.bmss.com/independent-contractor-self-employed-or-employee/) - Unsure how to classify workers at your company? Review this guidance which reveals how to tell the difference between a contractor and employee.
- [Steven Eilders from BMSS Advisors & CPAs Selected to Attend AICPA’s 2024 Leadership Academy](https://www.bmss.com/steven-eilders-from-bmss-advisors-cpas-selected-to-attend-aicpas-2024-leadership-academy/) - The firm recently announced that Steve Elders, CPA, was selected to attend the American Institute of Certified Public Accountants 2024 Leadership Academy.
- [Beneficial Ownership Information (BOI) Reporting Update](https://www.bmss.com/beneficial-ownership-information-boi-reporting-update/) - Find out more the recent changes to the Beneficial Ownership Information (BOI) update ushered in through the Corporate Transparency Act.
- [HOW TO OVERCOME THE 5 BIGGEST FRUSTRATIONS BUSINESS OWNERS FACE](https://www.bmss.com/how-to-overcome-the-5-biggest-frustrations-business-owners-face/) - Find out more about how to overcome the top business owner frustrations including control, profit, people, and lack of communication - Birmingham CPA.
- [Strengthen Your Cyber Defenses Before It’s Too Late](https://www.bmss.com/strengthen-your-cyber-defenses-before-its-too-late/) - Discover the key steps that business owners can take to strengthen cybersecurity defenses including the need for a comprehensive assessment.
- [How the Government Shutdown Affects Taxpayers: What You Need to Know](https://www.bmss.com/how-the-government-shutdown-affects-taxpayers-what-you-need-to-know/) - Find out more about how the federal government shutdown has impacted taxpayers including delays in return processing and more - Birmingham CPA Firm.
- [CMMC Compliance: The Countdown Has Begun](https://www.bmss.com/cmmc-compliance-the-countdown-has-begun/) - Learn more about the requirement that DoD Contractors face to come into compliance with CMMC standards before the deadline passes - CMMC Compliance.
- [Employee Retention Credit Update](https://www.bmss.com/employee-retention-credit-update/) - Review a recent update on the Employee Retention Tax Credit including the key details about processing and the Voluntary Disclosure Program - Birmingham CPA
- [Business License Requirements – Alabama](https://www.bmss.com/business-license-requirements-alabama/) - Find out more about the updated Alabama business license requirements including when to apply and the period it covers - Birmingham CPA Firm.
- [Your Alabama Tax License Renewal is Due December 31, 2023](https://www.bmss.com/your-alabama-tax-license-renewal-is-due-december-31-2023/) - Find out more about the requirement to renew a company's Alabama tax license renewal and steps companies should take - Birmingham CPA firm.
- [2023 BMSS Year-End Tax Planning Letter](https://www.bmss.com/2023-bmss-year-end-tax-planning-letter/) - Review the recently prepared 2023 BMSS Year-End Tax Planning Letter to take a comprehensive look at the overall tax situation - Birmingham CPA.
- [Federal 941 Payroll Tax Lookback Procedures](https://www.bmss.com/federal-941-payroll-tax-lookback-procedures-3/) - Find out more about the recently updated Federal 941 Payroll Tax Lookback Procedures to determine if payroll should be issued semi-monthly.
- [FLSA Salary Exemption](https://www.bmss.com/flsa-salary-exemption/) - Learn more about the recent update FLSA exemption salary thresholds for the Administrative, Professional, Executive, and Highly Compensated Employee categories.
- [Schedule Your Tax Planning Meeting Today](https://www.bmss.com/schedule-your-tax-planning-meeting-today/) - Find out more about the importance of conducting year end tax planning and clients should schedule the initial meeting today - Birmingham CPA.
- [Corporate Transparency Act - Beneficial Ownership Information Reporting Requirement](https://www.bmss.com/corporate-transparency-act-beneficial-ownership-information-reporting-requirement-2/) - Find out more about the key reporting changes for Beneficial Ownership Information (BOI) under the Corporate Transparency Act - Birmingham CPA.
- [LLC vs. S-Corp: What’s the Difference, and Which One is Right for Your Business?](https://www.bmss.com/llc-vs-s-corp-whats-the-difference-and-which-one-is-right-for-your-business/) - LLC vs. S-Corp: What’s the Difference? Find out the answer to this important question including how to select the right business structure.
- [Does Your Investment Portfolio Reflect Your Personal Values?](https://www.bmss.com/does-your-investment-portfolio-reflect-your-personal-vaues/) - Does Your Investment Portfolio Reflect Your Personal Values? Find out the answer to this important question including details of a personal strategy.
- [BMSS Family of Companies Expands with New Trussville Office in Birmingham Metro Area](https://www.bmss.com/bmss-family-of-companies-expands-with-new-trussville-office-in-birmingham-metro-area/) - Find out more about the news the firm has announced the openings of a New Trussville Office in the metro Birmingham area - Birmingham CPA Firm.
- [Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement](https://www.bmss.com/nationwide-injunction-issued-against-the-corporate-transparency-act-cta-affecting-the-beneficial-ownership-information-boi-reporting-requirement/) - Find out more about the recently issued injunction against certain Beneficial Ownership Information (BOI) reporting for certain companies - Birmingham CPA.
- [Personal Use of Company Auto](https://www.bmss.com/personal-use-of-company-auto/) - Find out more about how the personal use of company automobiles must be taxable income by employees using the vehicles - Birmingham CPA Firm.
- [Estate Exemption Sunset Reminder](https://www.bmss.com/estate-exemption-sunset-reminder/) - Find out more about the potential 2026 estate tax exemption limits which will significantly decrease creating a potential estate planning issues.
- [2024 BMSS Year-End Tax Planning Letter](https://www.bmss.com/2024-bmss-year-end-tax-planning-letter/) - Review the recently issued 2024 BMSS year end tax planning letter which provides important insights for businesses and individuals - Birmingham CPA.
- [The Importance of Portfolio Diversification](https://www.bmss.com/importance-of-portfolio-diversification/) - Learn more about the importance of portfolio diversification in light of recent market events including various tariff announcements - Financial Planning.
- [A Cloudy Sunset - TCJA Set To Expire in 2026](https://www.bmss.com/a-cloudy-sunset-tcja-set-to-expire-in-2026/) - Find out more about the key TCJA provisions that are set to expire in 2026 including 100% bonus depreciation and more - Tax Planning.
- [BMSS Advisors & CPAs Member, Jan Lewis, CPA, CGMA, Elected Vice Chair of the AICPA](https://www.bmss.com/bmss-advisors-cpas-member-jan-lewis-cpa-cgma-elected-vice-chair-of-the-aicpa/) - Review the news announcement that Jan Lewis, CPA, CGMA, has been elected Vice Chair of the AICPA reflecting her commitment to the industry.
- [Preparing for W-2 and 1099 Season](https://www.bmss.com/preparing-for-w2-and-1099-season/) - Find out more about the key considerations that companies should take when preparing for the 2023 W-2 and 1099 reporting season - Birmingham CPA.
- [Changes to Form 1099-K Reporting](https://www.bmss.com/changes-to-form-1099-k-reporting/) - Find out more about the new Form 1099-K reporting filing for digital payments received for those who receive $5,000 in payments - Birmingham CPA Firm.
- [The Latest on Washington's "Beautiful" Tax Bills](https://www.bmss.com/the-latest-on-washingtons-beautiful-tax-bills/) - Find out more about the One Big Beautiful Bill legislation and the potential changes including TCJA modifications and extension - Birmingham CPA.
- [Congress Passes The Big Beautiful Bill - What Do You Need to Know?](https://www.bmss.com/congress-passes-the-big-beautiful-bill-what-do-you-need-to-know/) - Find out more about the business and individual tax provisions highlighted in the One Big Beautiful Big Act (OBBBA) including bonus depreciation.
- [Cybersecurity Alert:  16 Billion Records Compromised](https://www.bmss.com/cybersecurity-alert-16-billion-records-compromised/) - Find out more that the cybersecurity alert which highlights the recent data breach where 16B records have been stolen - Cybersecurity Consulting.
- [One Big Beautiful Bill Act: Implications for Accounting for Income Taxes](https://www.bmss.com/one-big-beautiful-bill-act-implications-for-accounting-for-income-taxes/) - Find out more about the implications on accounting for income taxes including ASC 740 as outlined in the One Big Beautiful Bill Act (OBBBA) - Birmingham CPA.
- [We've Launched Our New Website!](https://www.bmss.com/weve-launched-our-new-website/) - Find out more about the news the firm has launched a new website which features robust information on the firm's services and industries.
- [OBBBA on Overtime Wages and Tips](https://www.bmss.com/obbba-on-overtime-wages-and-tips/) - Find out more about the recently introduced changes calling for a new overtime wage and tip deduction called for in the One Big Beautiful Bill Act (OBBBA).
- [Implementing New Accounting Standards:  Are You Prepared?](https://www.bmss.com/implementing-new-accounting-standards-are-you-prepared/) - Find out more about the key considerations to make when implementing new accounting standards including ASC 740 - Birmingham CPA Firm.
- [Advance Child Tax Credit Update and Bipartisan Infrastructure](https://www.bmss.com/advance-child-tax-credit-update-and-bipartisan-infrastructure/) - 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. The IRS will pay half of the credit in the form of advance monthly payments beginning July 15. Taxpayers will then claim the other half when they file their 2021
- [President Biden Introduces the American Jobs Plan](https://www.bmss.com/president-biden-introduces-the-american-jobs-plan/) - One week ago, President Biden outlined a massive $2 trillion infrastructure proposal to address some of the issues that his administration consider to be the country’s most pressing problems, including damaged bridges, unequal broadband access, climate change and care for people with disabilities and the elderly. President Biden’s proposal, the American Jobs Plan, would be
- [BMSS Promotes Caryn Stark and Mark Underhill to Member](https://www.bmss.com/bmss-advisors-cpas-promotes-caryn-stark-and-mark-underhill-to-member/) - BMSS Advisors & CPAs has proudly promoted two long-time employees Caryn Stark, CPA, CMPE, CGMA and Mark Underhill, CPA, CM&AA, CVGA to Member. Caryn joined the Gadsden office in 2007 after working for 15 years as an administrator for a medical practice group. She is a member of the American Institute of Certified Public Accountants
- [City Business License Renewals](https://www.bmss.com/city-business-license-renewals/) - If you are a person or business conducting trade or providing services within various Alabama city limits, you may be required to renew your business license by January 31, 2021 in order to avoid penalties. We have compiled a list of several Alabama cities and their requirements for you. Most of these licenses cover a
- [2020 Credit Union Roundtable](https://www.bmss.com/2020-credit-union-roundtable/) - On September 23, BMSS hosted A Virtual Credit Union Roundtable which included the following topics and speakers: Regulatory Update by Edward Reisinger of Kudulis Reisinger Price BMSS Accounting Update – Manager Luke Arnett, CPA BMSS Tax Update – Senior Manager Nick D’Alessandro BMSS Remote Meeting Best Practices – Senior Manager Melanie Shores, CPA “Credit Union Insights and
- [BMSS' Year-End Tax Planning Letter](https://www.bmss.com/bmss-year-end-tax-planning-letter/) - 2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global pandemic has resulted in economic hardship for many individuals and businesses, and many uncertainties remain for the immediate future. We are also awaiting final results in a number of November
- [Important Update on the Paycheck Protection Program](https://www.bmss.com/important-update-on-the-paycheck-protection-program/) - In the latest effort to help small businesses and individuals, the CARES Act was announced last week. This past Wednesday, the Treasury Department provided the application with a subsequent revision released Thursday night along with additional guidance on the Paycheck Protection Program, or PPP as most of us know it. Beginning today, April 3, small
- [10 Steps to Return to the Workplace](https://www.bmss.com/10-steps-to-return-to-the-workplace/) - The below information was created by our friends at Ursa Group, LLC It’s going to be a gradual process getting back to 100% operation after being locked down and social distancing for so long. Your business along with thousands of others are now thinking about how to get back to work, protect your workforce your
- [An Important Message Regarding the Coronavirus](https://www.bmss.com/an-important-message-from-bmss-advisors-cpas-regarding-the-coronavirus/) - Dear Valued BMSS Clients & Friends, We understand you have been inundated by an overwhelming flood of information regarding coronavirus (COVID-19). We have been too. We understand you are concerned about your family’s health, your employees’ health and your own personal health. We are concerned too. We understand that you are having to make costly
- [An Update on Biden’s Student Loan Forgiveness Program](https://www.bmss.com/an-update-on-bidens-student-loan-forgiveness-program/) - Written by Dalton Bradshaw, CPA In the fall of 2022, the Biden Administration unveiled its plan for student loan forgiveness, invoked by the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act), which also included revisions to the Public Service Loan Forgiveness (PSLF) programs and income-driven repayment plans. Upon its introduction, the Secretary
- [New DOL Regulations May Bring Clarity to ESOP Valuation Process](https://www.bmss.com/new-dol-regulations-may-bring-clarity-to-esop-valuation-process/) - While a legal framework for employee stock ownership plans (ESOPs) was established by the Employee Retirement Income Security Act of 1974 (ERISA), formal guidance for determining the fair market value (FMV) of private company shares sold to an ESOP has not been issued in the 50 years since then. The U.S. Department of Labor (DOL)
- [Update on the DOL's FLSA Minimum Salary Rule](https://www.bmss.com/update-on-the-dols-flsa-minimum-salary-rule/) - Article provided by Payroll & Benefit Solutions (PBS) Update: The U.S. District Court for the Northern District of Texas on July 1 declined to block the new overtime rule nationwide. The ruling comes on the heels of the U.S. District Court for the Eastern District of Texas blocking the rule for the state of Texas
- [Senate Passage of CARES Act – Awaiting House Action and Signature of the President](https://www.bmss.com/senate-passage-of-cares-act-awaiting-house-action-and-signature-of-the-president/) - The Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. With a $2.2 trillion price tag, the bill is the most expensive piece of legislation ever passed. The bill passed in the Senate late on March 25, 2020 and now goes to the House. Whether the House takes up the Senate bill as
- [BMSS Announces New Scholar in Residence Steve Platau](https://www.bmss.com/bmss-announces-new-scholar-in-residence-steve-platau/) - BMSS Advisors & CPAs is proud to welcome nationally renowned Steve Platau as the firm’s scholar in residence. In this role, Platau will advise BMSS leadership on assurance, tax and risk management issues that can be used for the benefit of current and future BMSS clients. “We are honored to benefit from Steve’s expertise and
- [BMSS Legacy Continues Bi-Annual Local Service Initiative](https://www.bmss.com/bmss-legacy-continues-bi-annual-local-service-initiative/) - Over the month of November, the BMSS Advisors & CPAs family of companies participated in fall Serve Days, continuing the tradition of partnering with local charitable organizations. Bi-annual serve days are just one part of the BMSS Legacy initiative to help cultivate relationships with nonprofit organizations and “empower employees in the BMSS family of
- [Biden's Student Loan Forgiveness Program](https://www.bmss.com/bidens-student-loan-forgiveness-program/) - Written by Dalton Bradshaw, CPA Since the 1980s, the cost of a college education has continued to increase exponentially, nearly tripling, even after factoring for inflation. The continual cost increase for a college education over the last 40 years, coupled with stagnating wages and the increased cost of living, have caused much of the American
- [Building a Strong Data Governance Framework for the Modern Audit](https://www.bmss.com/building-a-strong-data-governance-framework-for-the-modern-audit/) - The importance of data governance cannot be overstated. With advanced technology and artificial intelligence relying on accurate, structured data to function effectively, strong controls around the way companies store and organize their data have become essential. Advances in audit tools also necessitate a solid data foundation to create an efficient experience throughout the audit process.
- [Do You Have Unclaimed Property to Report?](https://www.bmss.com/do-you-have-unclaimed-property-to-report/) - Did you know that businesses are required to report unclaimed or abandoned property to the state of the owner’s last known address as shown on a company’s books or in a company’s records, and that each state has its own unclaimed property rules and regulations? You may then ask, what is unclaimed property and does
- [Navigating the First 100 Days: A Recap of Recent Tariff Actions](https://www.bmss.com/navigating-the-first-100-days-a-recap-of-recent-tariff-actions/) - As President Trump marks his first 100 days in office, both domestic and global markets are grappling with the sweeping changes brought by his administration’s tariff policies. From newly imposed duties to sudden pauses and retaliatory measures by trade partners, the landscape is shifting rapidly, raising questions and concerns for businesses across the U.S. and
- [Fishing For Your Tech Stack:](https://www.bmss.com/fishing-for-your-tech-stack/) - The Challenge Of Choosing The Right Technology For Your Organization Written by Walter Branning, Abacus Technologies Hints Of Spring Hints of spring are in the air, crisp mornings warming to balmy afternoons. Where the sun drenches you in its warming rays without toasting you in the process. Splashes of green brighten the senses as Spring
- [Department of Justice Files Emergency Motion to Stay the Nationwide Injunction Issued Against the Corporate Transparency Act (CTA) Affecting the Beneficial Ownership Information (BOI) Reporting Requirement](https://www.bmss.com/department-of-justice-files-emergency-motion-to-stay-the-nationwide-injunction-issued-against-the-corporate-transparency-act-cta-affecting-the-beneficial-ownership-information-boi-reporting-requir/) - Edit on December 23, 2024: The 5th Circuit Court of Appeals ruled today in favor of the US Government and has lifted the nationwide injunction that was ordered by a US District Court in Texas on December 3rd. This means that January 1, 2025 remains the due date for initial filings of Beneficial Ownership Reports
- [Leaving a Legacy for Future Generations](https://www.bmss.com/leave-a-legacy-for-future-generations/) - As the landscape of the professional services industry evolves, many private equity firms are investing in accounting and advisory firms and we want to take a moment to assure you that BMSS Advisors & CPAs is dedicated to maintaining its independence from outside investors. Typically, when a private equity firm invests in a company, its
- [Using Data to Measure Morale](https://www.bmss.com/using-data-to-measure-morale-2/) - Written by Becca Riles, Business Intelligence Analyst, Abacus Technologies Did you know that using data to measure morale within a company is essential for several reasons? Morale refers to the overall satisfaction, motivation, and engagement level of employees in the workplace and reflects employees’ emotional well-being, job satisfaction, and commitment to the organization. Here are
- [BMSS Advisors & CPAs Welcomes Mobile, Alabama Office in Continued Growth Plan](https://www.bmss.com/bmss-advisors-cpas-welcomes-mobile-alabama-office-in-continued-growth-plan/) - As part of a planned growth strategy that will provide additional services and depth for firm clients, BMSS Advisors & CPAs is proud to expand into the Mobile and Eastern Shore markets with a new office location in downtown Mobile, effective January 1, 2025. This South Alabama expansion will grow the firm to 37 Members,
- [BMSS Announces the Promotion of Laura Hanks, Wendy Lacey, Maura McDevitt and Trae Zablan to Member](https://www.bmss.com/bmss-announces-the-promotion-of-laura-hanks-wendy-lacey-maura-mcdevitt-and-trae-zablan-to-member/) - BMSS Advisors & CPAs is proud to announce the promotion of Laura Hanks, CPA; Wendy Lacey, CPA; Maura McDevitt, CPA, MBA, CNAP, CGMA; and Trae Zablan, CPA, CGMA, CM&AA to Member. Laura joined the firm in 2019 after working in the accounting profession for 14 years. As a senior manager in our Huntsville office, Laura
- [As 2025 Approaches, Uncertainty Lingers Over Enforcement of the Corporate Transparency Act](https://www.bmss.com/as-2025-approaches-uncertainty-lingers-over-enforcement-of-the-corporate-transparency-act/) - The drama surrounding the beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA) has not taken a pause for the holidays and seems to be building for an eventful start to 2025. After granting the government’s request to lift the nationwide injunction barring the enforcement of the BOI filing requirements on December 23,
- [Preparing for  W-2 and 1099 Season](https://www.bmss.com/preparing-for-w2-and-1099-season-3/) - The holidays are around the corner, and before we know it, January 2025 will be here! Let’s take a look at what we can do now to make the preparation of W-2s and 1099s go smoothly this coming January. Preparing for the Process If you’re doing your own forms this year, do you have a
- [When State or Local Minimum Wage Requirements Exceed Federal Prevailing Wages—Are Government Contractors Entitled to Reimbursement Through the REA Process?](https://www.bmss.com/when-state-or-local-minimum-wage-requirements-exceed-federal-prevailing-wages-are-government-contractors-entitled-to-reimbursement-through-the-rea-process/) - The Civilian Board of Contract Appeals (“CBCA”) decided April 23, 2024 against a federal services contractor seeking compensatory relief through a request for equitable adjustment (“REA”) for increased costs arising from employee wages paid pursuant to local county minimum wage requirements that exceeded the federal prevailing wage amounts mandated under the Service Contract Labor Standards
- [Business Personal Property Tax – Looking Forward](https://www.bmss.com/business-personal-property-tax-looking-forward-2/) - It’s that time of year again, Alabama Business Personal Property Tax Returns are quickly approaching! Take a look below at some of the things to start thinking about in the coming weeks. What is the Business Personal Property Tax (Ad Valorem)? Business Personal Property tax is an Ad Valorem tax that is assessed at the
- [Upcoming Intuit Product Updates - Updated June 28, 2024](https://www.bmss.com/upcoming-intuit-product-updates/) - Intuit has announced several product updates coming up over the next year or so. If you use QuickBooks Desktop, this may impact you! Intuit made a decision that after September 30, 2024 it will no longer be selling new subscriptions to U.S. subscribers of the following products: QuickBooks Desktop Pro Plus QuickBooks Desktop Premier Plus
- [Intuit Payroll Updated Payroll Tax Withdrawals & Terms of Service](https://www.bmss.com/intuit-payroll-updated-payroll-tax-withdrawals-terms-of-service/) - What’s changing?Intuit is changing how they handle payroll taxes for customers with taxes automatically paid and filed by QuickBooks. Instead of withdrawing them when due, they’ll withdraw them every time payroll is processed, and when there’s a change in what you owe. Also, on the date you receive the change, they’ll make a one-time withdrawal
- [BMSS Legacy Continues the Tradition of Community Service](https://www.bmss.com/bmss-legacy-continues-the-tradition-of-community-service/) - BMSS Advisors & CPAs employees continue the tradition of serving the communities in which they live and work with a spring BMSS Serve Day on Thursday, May 12th. In Birmingham, BMSS team members will assist in a variety of ways including painting, gardening or general maintenance at Grace House, East Lake Initiative, Serving You or
- [FTC Final Rule Banning Noncompete Agreements Approved](https://www.bmss.com/ftc-final-rule-banning-noncompete-agreements-approved/) - Written by Rebecca Tipton, SHRM-SCP BMSS HR AdvisoryPutting the “Resource” in Human Resource Consulting The FTC initially announced its proposal to issue a final rule banning noncompete agreements over a year ago and, in fact, BMSS hosted a webinar on this issue in April of 2023, which you can access here. The decision potentially affects
- [Using Data to Measure Morale](https://www.bmss.com/using-data-to-measure-morale/) - Written by Becca Riles, Business Intelligence Analyst, Abacus Technologies Did you know that using data to measure morale within a company is essential for several reasons? Morale refers to the overall satisfaction, motivation, and engagement level of employees in the workplace. It reflects their emotional well-being, job satisfaction, and commitment to the organization. Here are
- [Ten Most Common Causes of Contractor Failure](https://www.bmss.com/ten-most-common-causes-of-contractor-failure/) - CFMA Article written in 1986 by Robert Davidson and Danny Parrish In a presentation to our construction industry niche group, Robert Davidson presented his top 10 list of the most common causes of contractor failure. They are as follows: Poor bidding and estimating – not knowing “true job cost” Growing too fast Catastrophic job loss
- [The EOS Process](https://www.bmss.com/the-eos-process/) - At BMSS, we are honored to be able to help companies get on the same page with their Vision and help develop the discipline to achieve that Vision. EOS has been life-changing for BMSS and we would love to explore how EOS can help you and your team as well. Please see a quick description
- [Beneficial Ownership Interest (BOI) Challenged in Court](https://www.bmss.com/beneficial-ownership-interest-boi-is-being-challenged-in-court/) - Written by Steven M. Platau, J.D., CPA The Corporate Transparency Act requires many newly formed entities in 2024 to make a Beneficial Ownership Interest (BOI) filing with the Treasury Department’s Financial Crimes Enforcement Network unit (FinCEN). A large number of existing privately held entities are scheduled to make filings by January 1, 2025. On Friday,
- [Better Together:  BMSS and Haddox Reid Merge Into One Firm, Effective December 1, 2023](https://www.bmss.com/together-we-are-better-bmss-and-haddox-reid-merge-into-one-firm-effective-december-1-2023/) - Effective December 1, 2023, renowned Mississippi CPA and Advisory firm, Haddox Reid Eubank Betts PLLC (Haddox Reid), merged with top Alabama firm, BMSS Advisors & CPAs. Consolidated under the name BMSS, LLC, the combined entity has 32 partners and 125 CPAs for approximately 325 employees in total. Haddox Reid has been in business for over
- [New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect](https://www.bmss.com/new-requirement-to-cover-long-term-part-time-employees-in-401k-plans-enters-into-effect/) - The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed to make salary deferrals into their employer’s 401(k) plan. The systems used by many 401(k) plan
- [Two Pivotal IRS Programs Launched to Address Employee Retention Credit (ERC) Issues](https://www.bmss.com/two-pivotal-irs-programs-launched-to-address-employee-retention-credit-erc-issues/) - In response to the increasing number of potentially ineligible Employee Retention Credit (ERC) claims, the IRS has recently launched two pivotal programs for businesses navigating the complexities of the ERC: the ERC claim withdrawal option and the Voluntary Disclosure Program (ERC-VDP). The withdrawal option is a direct response to the increasing concerns over the legitimacy
- [Alabama 2024 Annual Report Changes](https://www.bmss.com/alabama-2024-annual-report-changes/) - For corporate entities registered with the Alabama Secretary of State (ALSOS), beginning January 1, 2024, the ALSOS Corporation Annual Report is no longer reported with the Annual Business Privilege Tax return filed with the Alabama Department of Revenue (ALDOR). Because of this change, BMSS is unable to file your Alabama Annual Report(s) electronically using our
- [The Looming Social Security Shortfall: Why Saving for Retirement is More Crucial Than Ever](https://www.bmss.com/the-looming-social-security-shortfall-why-saving-for-retirement-is-more-crucial-than-ever/) - Written by Drew Nicol, CPA Social Security has been a staple of financial security for millions of Americans since 1937 providing essential support during retirement, disability, and other life-altering circumstances. The program currently provides benefits to over 50 million people. However, concerns regarding the sustainability of this critical program have intensified, with a looming shortfall
- [BMSS Announces Promotions of Brad Brown and Brian Jackson to Member](https://www.bmss.com/bmss-announces-promotions-of-brad-brown-and-brian-jackson-to-member/) - Effective January 1, 2024, BMSS Advisors & CPAs proudly added two new Members to the firm bringing the total number to 34. This announcement follows an eventful close to 2023 with the merging in of Ridgeland, MS firm, Haddox Reid, and the rise to become a Top 100 CPA firm in the United States. The
- [2024 Social Security Wage Base Update](https://www.bmss.com/2024-social-security-wage-base-update/) - The wage base limit is the maximum wage that is subject to Social Security tax for that year. In 2023, the Social Security Wage base was $160,200 and is increasing to $168,600 for 2024. The Social Security Tax Rate is unchanged at 6.2% for the Employee Share and 6.2% for the Employer Share. Medicare is
- [Looking Ahead in Human Resources for a New Year](https://www.bmss.com/looking-ahead-in-hr-for-a-new-year/) - By Rebecca Tipton, SHRM-SCP HR Advisory Services We are officially in the final days of 2023, which is historically a time for celebration! However, before you break out your noisemakers and confetti, this is also a great time to be planning ahead for your human resources so that you can start 2024 with a clear
- [Nonprofits:  Are Your Processes Innovative or Merely Electronic? Leverage Technology the Right Way](https://www.bmss.com/nonprofits-are-your-processes-innovative-or-merely-electronic-leverage-technology-the-right-way/) - Written by Gina McDonald, BDO, USA, P.C. Decades of innovation have transformed the finance office from a mindset of processing transactions to one of strategic financial management. But even with this advancement, nonprofit organizations are operating in an increasingly complex environment that requires them to balance routine and new tasks with a higher volume of
- [Are You a Construction Company Looking for a Better Way to Track Expenses?](https://www.bmss.com/are-you-a-construction-company-looking-for-a-better-way-to-track-expenses/) - Written by Joe Turner, Co-founder Vendrix We all know the pains of using corporate cards and tracking business expenses. Those pains are even greater for construction companies, but the good news is that there is a solution built by a company founded and headquartered right here in Birmingham, AL. Introducing Vendrix - a corporate card
- [The Year Ahead in Hospitality: Embracing Opportunities, Mitigating Risk](https://www.bmss.com/the-year-ahead-in-hospitality-embracing-opportunities-mitigating-risk/) - Three years after the onset of the coronavirus pandemic, the hospitality industry, like others, is still recovering. Though 2022 saw some significant growth with a public eager to travel for leisure, particularly to locations offering unique experiences, the pandemic has markedly changed business travel patterns and consumer behavior. An ongoing labor shortage and emerging competition
- [Changes to the 2023 Form 5500](https://www.bmss.com/changes-to-the-2023-form-5500/) - The Department of Labor (DOL) released the final changes to Form 5500 relating to the September 2021 notice of proposed form revisions (NPFR) to amend Form 5500. The changes fall into seven major categories. These changes are effective for plan years beginning on or after January 1, 2023, and will be incorporated into the 2023
- [FedNow – Instant Payments to Launch July 2023](https://www.bmss.com/fednow-instant-payments-to-launch-july-2023/) - Written by Luke Arnett, CPA In this day and age, businesses and consumers want everything at the click of a button, including the ability to receive and send payments. The Federal Reserve has acknowledged the growing demand for instant payments and has been working behind the scenes since 2019 to bring this to fruition. In
- [BMSS Culture – What Is It Like to Be an Accountant at BMSS During “Success Season?”](https://www.bmss.com/bmss-culture-what-is-it-like-to-be-an-accountant-at-bmss-during-success-season/) - In the Fall, the HR Team starts planning all the fun events that will make the firm’s busiest time of year as manageable as possible for professionals at BMSS. In January, we put on our party hats and get busy! BMSS provides lunch Tuesday, Wednesday, and Thursday each week from January until the April deadline.
- [Employee Benefit Plan Audits: Common Deficiencies and Keys to Success](https://www.bmss.com/employee-benefit-plan-audits-common-deficiencies-and-keys-to-success/) - Written by Emily Riles, CPA After the tax and audit deadlines in April, many companies begin to prepare for their Employee Benefit Plan (EBP) Audit for their 401(k) plan, 403(b) plan, defined benefit plan, ESOP, or health and welfare plan. One question a company may initially ask is when is an EBP audit required? For
- [What’s Your Ideal Life?](https://www.bmss.com/whats-your-ideal-life/) - Beyond Financial Planning and Investment Advice Written by Chase Boardman, BMSS Wesson Wealth Solutions Picture this. You sign up for a bodybuilding competition a few months from now. To prepare, you hire a personal trainer. During your first session, the trainer tells you to only work out your left arm. You think this is a
- [Three Lessons Every Business Can Learn from the Silicon Valley Bank Collapse](https://www.bmss.com/three-lessons-every-business-can-learn-from-the-silicon-valley-bank-collapse/) - Written by Dalton Hopper, CFE, CVA At first glance, it was believed that the collapse of Silicon Valley Bank (SVB) would be an isolated event. However, in the days after SVB’s collapse and as evidenced by the federal government intervention, it’s clear that the collapse of SVB has the potential to touch the entire U.S.
- [Cybersecurity Protects Profits](https://www.bmss.com/cybersecurity-protects-profits/) - By Jonathan Perz, Senior Security Analyst, Abacus Technologies Rarely do companies get to see the actual bottom-line value of cybersecurity. It always manifests as a cost or expense on the income statement. This is because effective cybersecurity lives in the world of "it did not happen." So, how do you quantify "it did not happen"
- [Potential Tax Benefits of Distributions in 2023 for Trusts and Estates](https://www.bmss.com/potential-tax-benefits-of-distributions-in-2023-for-trusts-and-estates/) - By Dalton Bradshaw, CPA As the 2023 filing season has arrived, taxpayers may be considering options to reduce their tax liabilities. Due to the compressed tax brackets for trusts and estates, these considerations are of paramount importance. Typically, tax planning strategies are only applicable to the year in which the strategy is implemented, with no
- [OFCCP Compliance Reviews for Government Contractors:  Do You Know What to Expect?](https://www.bmss.com/ofccp-compliance-reviews-for-government-contractors-do-you-know-what-to-expect/) - Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the "Resource" in Human Resource Consulting With the OFCCP’s recent release of its 2023 Corporate Scheduling Announcement List (CSAL), many government contractors may be feeling anxiety knowing they may receive that fateful letter while not knowing what to expect or whether they are ready. Even those experiencing relief
- [Setting New Year’s Resolutions:  Is Your Business Ready for 2023?](https://www.bmss.com/setting-new-years-resolutions-is-your-business-ready-for-2023/) - As we kick off a new calendar year, now is the time that people tend to evaluate the past year, scrutinize where they are now and set goals for the upcoming year in their personal lives. The most common goals that we think about are to eat better, exercise more, connect with people, etc., but
- [RxDC Report Due December 27, 2022](https://www.bmss.com/rxdc-report-due-december-27-2022/) - Rebecca Tipton, SHRM-SCP The RxDC, or Prescription Drug Data Collection, Report is a new ERISA requirement under the Consolidation Appropriations Act of 2021 designed to bring more transparency to healthcare costs. As it is a new compliance report and therefore unfamiliar to many, here are some important facts to help you ensure compliance for your
- [BMSS Member, Steven N. Smith, Retires After 28 Years with the Firm](https://www.bmss.com/bmss-member-steven-n-smith-retires-after-28-years-with-the-firm/) - BMSS Advisors & CPAs would like to recognize all of the efforts and contributions that Steve gave to BMSS over the past 28 years. Steve joined BMSS in 1994 and has over 40 years of public accounting experience. After graduating with his bachelor’s degree in accounting and then with his Juris Doctor from the University
- [Steven N. Smith Appointed to the Alabama State Board of Public Accountancy](https://www.bmss.com/steven-n-smith-appointed-to-the-alabama-state-board-of-public-accountancy/) - BOARD MEMBER SPOTLIGHT: STEVEN N. SMITH The Alabama State Board of Public Accountancy welcomes its newest Board member, Steven N. Smith of BMSS, LLC. Mr. Smith was appointed by Governor Kay Ivey to the Alabama State Board of Public Accountancy for a four-year term effective October 1, 2022. Steve was born and raised in Montgomery,
- [Alabama Retirees to See Tax Cut in 2023](https://www.bmss.com/alabama-retirees-to-see-tax-cut-in-2023/) - Written by Drew Nicol, CPA Earlier this year, Governor Kay Ivey signed HB162 into law which exempts the first $6,000 of retirement income received by individuals aged 65 and older from state income tax. The bill was first introduced by long-time state representative Lynn Greer. Greer has been advocating for years to make changes to
- [Business Personal Property Tax Filings are Due December 31](https://www.bmss.com/business-personal-property-tax-filings-are-due-december-31/) - It’s that time of year again and Business Personal Property Tax Returns are quickly approaching! What is the Business Personal Property Tax (Ad Valorem)? The Business Personal Property tax is an Ad Valorem tax that is assessed at the county level in Alabama based on the assessed value of an item (the personal property) and,
- [Your Alabama Unclaimed Property Report is Due November 1, 2022](https://www.bmss.com/your-alabama-unclaimed-property-report-is-due-november-1-2022/) - If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer's Office. This report covers property that is deemed to be unclaimed as of June 30, 2022. Alabama does not require negative reporting; that is, if you hold no unclaimed property as of June
- [Changes to Form 1099-K Reporting for 2022](https://www.bmss.com/changes-to-form-1099-k-reporting-for-2022/) - Written by Cooper Melvin, J.D., CPA Form 1099-K was first introduced in the 2011 calendar year. The 2011 form, titled Merchant Card and Third-Party Payments, was required to be filed by Third-Party Settlement Organizations (TPSOs) only if the gross amount of reportable transactions exceeded $20,000 and the total number of such transactions exceeded 200. In
- [As IRS Woes Continue, What Can You Do?](https://www.bmss.com/as-irs-woes-continue-what-can-you-do/) - If you’ve been listening to the news over the past couple of years, you’re aware that the IRS is facing serious challenges. And, while the IRS’ issues cannot solely be blamed on COVID-19, the pandemic exposed an already growing number of problems, namely, a lack of updated systems and a lack of personnel to handle
- [IRS Offers Late Portability Election Relief to Estates](https://www.bmss.com/irs-offers-late-portability-election-relief-to-estates/) - By Dalton Bradshaw, CPA On July 8, 2022, in a taxpayer-friendly move, the IRS announced relief for estates making a late portability election for a deceased spousal unused exclusion (DSUE) with the release of Revenue Procedure 2022-32. By making a portability election, an estate’s executor or personal representative can transfer (port) the unused portion of
- [Considerations for the Employee Retention Credit](https://www.bmss.com/the-employee-retention-credit-considerations/) - Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees on the payroll during the height of the pandemic. The Credit was made available to employers that pay qualified wages to their employees. However, since 2020, the Credit has undergone
- [Name, Image and Likeness Collides with Taxes](https://www.bmss.com/name-image-and-likeness-collides-with-taxes/) - Written by Cooper Melvin, J.D., CPA Background Name, Image and Likenesses (NIL) has been in the news – sports media and generally – in a significant way since the summer of 2021. California started the ball rolling in 2019 when it became the first state to pass a law allowing college athletes to be paid
- [Carpe Diem:  Five Silver Lining Strategies for Recession](https://www.bmss.com/carpe-diem-five-silver-lining-strategies-for-recession/) - A confluence of rising inflation and interest rates, supply chain disruption and volatile consumer demand are setting the stage for an economic downturn. Many prominent business leaders and economists contend that the U.S. economy could fall into recession by 2023, if not earlier. Although now we are in a gray zone where we do not
- [Understanding Your Buy-Sell Agreement - Part 1](https://www.bmss.com/understanding-your-buy-sell-agreement-part-1/) - Written by Dalton Hopper, CFE, CVA We are starting a short series on how business owners and their advisors can prepare an exit strategy by understanding their buy-sell agreement. Our focus in this series is primarily on the valuation of the business for purposes of the buy-sell provisions and the triggering events that might be
- [Package of Tax Provisions?](https://www.bmss.com/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 legislation. One possibility of such targeted tax legislation might be passing tax extenders. Another possible package of tax legislation might include provisions aimed at providing relief from the recent COVID-19 Omicron
- [Significant Amendment to the Alabama Accountability Act](https://www.bmss.com/significant-amendment-to-the-alabama-accountability-act/) - Written by Steve Smith, JD, CPA On April 14th, Governor Ivey signed Senate Bill 261 (SB261) into law, raising the current cap on contributions under the Alabama Accountability Act (AAA). The AAA was first enacted in 2013 to establish a tax credit scholarship program for Alabama. Background Under the program created by the AAA, a
- [Fraud in the Workplace, Can You Spot the Warning Signs?](https://www.bmss.com/fraud-in-the-workplace-can-you-spot-the-warning-signs/) - Written by Dalton Hopper, CFE, CVA Recently, the American Institute of Certified Public Accountants (AICPA) FLS Fraud Task Force released its Eye on Fraud. This publication discusses some of the common motivations behind financial fraud schemes, what some of these schemes are and how they are conducted, as well as some of the red flags
- [Tax Considerations for Private Equity Funds and Investors](https://www.bmss.com/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 much debate, mainly due to the perception by some members of Congress and the public that the rules include tax benefits that unfairly favor the wealthy. Although President Biden’s campaign
- [2022 Alabama Unemployment Tax Rate Notices](https://www.bmss.com/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 who are subject to Alabama unemployment should log into their Alabama Department of Labor eGov account to access their 2022 rate notice. Please be advised that you should check your
- [Book and Tax Implications of Earnouts](https://www.bmss.com/book-and-tax-implications-of-earnouts-2/) - 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 especially true during times of economic turbulence, like the COVID-19 pandemic, when current business results may not reflect the past or future earnings of the target. To reach an appropriate
- [BMSS Promotes Two Employees, Joyce Rinaldi, CPA and Amy Stapler, CPA, to Member](https://www.bmss.com/bmss-promotes-two-employees-joyce-rinaldi-cpa-and-amy-stapler-cpa-to-member/) - Joyce joined the Huntsville team in 2013 and is currently a Member in Client Accounting Solutions (CAS). Her specific expertise lies in providing virtual CFO solutions as well as assisting clients in areas such as process improvement, accounting systems conversions and implementations, financial accounting, and business operations. She is a member of the Alabama Society
- [How to Repay Q4 Employee Retention Credit (ERC)](https://www.bmss.com/how-to-repay-q4-employee-retention-credit-erc/) - By Cooper Melvin, JD If you received an advance payment of the employee retention credit for the fourth calendar quarter of 2021, you might have to repay the amount received. The Infrastructure Investment and Jobs Act, better known as the Infrastructure Act, changed the effective dates of the employee retention credit so that it is
- [BMSS Member Mark Underhill Named BBJ 2021 Top 40 Under 40](https://www.bmss.com/bmss-member-mark-underhill-named-bbj-2021-top-40-under-40/) - BMSS Member Mark Underhill, CPA, CMAA, CVGA has been named a 2021 Top 40 Under 40 by the Birmingham Business Journal. This illustrious list honors up-and-coming stars of the Magic City’s business scene who have distinguished themselves in their fields before the age of 40. Mark, 35, is one of only two employees to have
- [Business Personal Property Tax Reminder](https://www.bmss.com/business-personal-property-tax-reminder/) - It’s time for Business Personal Property Tax Returns! Keep an eye on your mail for the 2022 tax year return from your county, and your OPPAL pin for online filing. What is OPPAL? The Optional Personal Property Assessment Link (OPPAL) is a centralized online filing system for business personal property tax returns. All Alabama taxing
- [Your Alabama Unclaimed Property Report is Due November 1, 2021](https://www.bmss.com/your-alabama-unclaimed-property-report-is-due-november-1-2021/) - If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer's Office. This report covers property that is deemed to be unclaimed as of June 30, 2021. Alabama does not require negative reporting; that is, if you hold no unclaimed property as of
- [IRS Program for Auditing Large Partnerships to Begin Soon](https://www.bmss.com/irs-program-for-auditing-large-partnerships-to-begin-soon/) - Last month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of Beyond the Bottom Line, we have discussed the outlook for greater compliance efforts by the IRS than we have seen in recent years. The President’s tax policy agenda includes measures
- [Uncertainty Remains Over the Administration’s Tax Policy as Year-End Approaches](https://www.bmss.com/uncertainty-remains-over-the-administrations-tax-policy-as-year-end-approaches/) - Written by Steve Smith, J.D., CPA As we move into the fourth quarter of calendar year 2021, the uncertainty over the Administration’s tax policy remains a significant challenge for businesses and individual taxpayers. While most taxpayers would favor policies that keep tax rates as low as possible, many business taxpayers would prefer predictability from a
- [The Importance of Retaining Tax Records](https://www.bmss.com/the-importance-of-retaining-tax-records/) - By: Cooper Melvin, J.D. We discussed in a recent Beyond the Bottom Line that the Biden administration’s tax plans include significant funding increases for the IRS. Therefore, in the coming years, taxpayers can expect an increase in audits and it is important to know how long to keep records in case of an audit. Tax
- [M&A Stories - How to 'Deal' with Unwelcome Surprises](https://www.bmss.com/ma-stories-how-to-deal-with-unwelcome-surprises/) - Surprises are rarely good. There are many different emotions that come with the experience of surprise: fear, anxiety, and joy—to name a few. Deals can also cause the same emotions for a deal maker. Perhaps the booked pipeline was stronger than expected or new management, while unproven in historical results, has the ability to create
- [Communications from BMSS](https://www.bmss.com/communications-from-bmss/) - As a client of BMSS, you can expect to receive various communications containing information that may be relevant to you or your business. Those communications come in a variety of ways. In addition to email, the most common types or communications are listed below: Hubspot BMSS clients receive our bi-weekly newsletter, Beyond the Bottom
- [Chip Shortage Will Affect the Availability and Price of IT Hardware for the Next 12 to 18 Months](https://www.bmss.com/chip-shortage-will-affect-the-availability-and-price-of-it-hardware-for-the-next-12-18-months/) - A shortage of processors and other components could affect the availability and price of IT hardware for the next 12 to 18 months, according to major tech companies including Intel, Dell, IBM, Extreme, Cisco and Juniper. Per some contacts at Dell, lead times on servers and PCs are reaching well into November. Peripherals such as monitors and
- [PPP Update for Schedule C Filers](https://www.bmss.com/ppp-update-for-schedule-c-filers/) - The SBA announced changes late on March 3rd to the PPP in the attached interim final rule that can impact schedule C filers. These borrowers may now receive, on new loans issued after March 4th, a greater amount than previously allowed. Previously, PPP rules defined payroll cost for individuals who file a schedule C as
- [EOS Webinar Workbook](https://www.bmss.com/eos-webinar-workbook/) - Thank you for joining us for BMSS Presents: Transforming Your Business Through EOS. Click here for the webinar workbook. Feel free to download and print it.
- [Top Year-End Tax Planning Tip #3: Retirement Planning in Light of the SECURE and CARES Acts](https://www.bmss.com/top-year-end-tax-planning-tip-3-retirement-planning-in-light-of-the-secure-and-cares-acts/) - 2020 presents unique opportunities for tax planning with regards to your retirement accounts. The SECURE Act and CARES Act, both enacted in 2020, made changes to certain rules regarding retirement plan contributions and retirement plan distributions. These changes may give you greater flexibility in retirement planning
- [Top Year-End Tax Planning Tip #1:  Charitable Contributions](https://www.bmss.com/year-end-planning-tip-1-charitable-contributions/) - Throughout the month of December we will share our Top Year-End Tax Planning Tips. Below is the first in the series. Charitable giving is a key component of year-end tax planning for many people. Taxpayers benefit from donating to charitable organizations by reducing taxable income while
- [BMSS Presents: Year-End Planning and Post-Election Tax Updates Webinar Recording & PowerPoint Slides](https://www.bmss.com/bmss-presents-year-end-planning-and-post-election-tax-updates-webinar-recording-powerpoint-slides/) - On Tuesday, December 1 we hosted the webinar, BMSS Presents: Year-End Planning and Post-Election Tax Updates. We were also fortunate to have Bradley Partners Bruce Ely and William T. Thistle, II provide Alabama year-end tax planning, recent tax developments and predictions for Spring 2021. For the webinar recording, click here. For the PowerPoint slides, click here.
- [IRS: Deadline to Return Distributions to Retirement Accounts is August 31](https://www.bmss.com/irs-deadline-to-return-distributions-to-retirement-accounts-is-august-31/) - The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug. 31 to rollover or repay the distribution to avoid paying taxes. The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, waives RMDs during 2020 for
- [Presidential Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster](https://www.bmss.com/presidential-order-deferring-payroll-tax-obligations-in-light-of-the-ongoing-covid-19-disaster/) - On August 8, President Trump issued a memorandum to the Secretary of Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The payroll tax deferral in this executive order does not apply until Sept. 1. Also, it only applies to employees who make less than $4,000 (before taxes) on a bi-weekly (or
- [BMSS Member Michael Brand Awarded 2019 AICPA Outstanding Facilitator](https://www.bmss.com/bmss-member-michael-brand-awarded-2019-aicpa-outstanding-facilitator/) - BMSS, LLC is proud to announce that Member Michael Brand, CPA, CGMA has been named as an AICPA Outstanding Facilitator for the 2019 CPE Year. Known as a nationally acclaimed, accounting industry expert and speaker, this award represents just one of the many accolades Mike has received throughout his career. A resident of Athens, AL,
- [Important Updates Regarding Washington's Response to the Coronavirus](https://www.bmss.com/important-updates-regarding-washingtons-response-to-the-coronavirus/) - Please see below for important updates regarding relief efforts that have evolved over the last day or two. Plan to Send Checks to Americans Being Discussed But Still Evolving: In the Tuesday, March 17 White House Press Briefing, Treasury Secretary Mnuchin discussed the possibility of sending checks directly to Americans as part of a stimulus
- [Washington Update and the Families First Coronavirus Response Act](https://www.bmss.com/washington-update-and-the-families-first-coronavirus-response-act/) - Many businesses are in their second regular business day after the President declared a national emergency on Friday. Federal, state and local governments bodies and agencies are also responding to the declaration of a national emergency and the coronavirus crisis with continual and evolving recommendations and guidelines. Like you, all business are developing plans
- [2020 ZebraFest Leadership Program for College Students](https://www.bmss.com/2020-zebrafest-leadership-program-for-college-students/) - Calling all driven college sophomores and juniors preparing for a career in accounting! We have a unique opportunity crafted exclusively for you. Join other top accounting students at this two-day intensive at our Birmingham (Riverchase) office to experience the following: • An employee-led tour of our office so you can experience a real-world work environment
- [Virtual Currency Update, Including a New Question on the 2019 Form 1040](https://www.bmss.com/virtual-currency-update-including-a-new-question-on-the-2019-form-1040/) - During 2019, as part of a wider effort to assist taxpayers and to enforce tax laws in a rapidly changing area, the Internal Revenue Service issued two pieces of guidance for taxpayers who engage in transactions involving virtual currency. Expanding on guidance from 2014, the IRS issued additional detailed guidance to help taxpayers better understand
- [99% of the S&P 500 is Reporting on ESG and 65% are Obtaining ESG Assurance](https://www.bmss.com/99-of-the-sp-500-is-reporting-on-esg-and-65-are-obtaining-esg-assurance/) - ESG* Reporting Is on the Rise Despite the blowback against ESG in politics and in the media, companies are actively engaged in sustainability and ESG reporting. That’s because investors are demanding it, stakeholders expect it, and regulations are requiring it more and more. The Center for Audit Quality recently analyzed 2021 data for S&P 500
- [Proposed Salary Threshold Changes for FLSA Exemption Status](https://www.bmss.com/proposed-salary-threshold-changes-for-flsa-exemption-status/) - Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the "Resource" in Human Resource Consulting As those familiar with the Fair Labor Standards Act will know, designating an employee as FLSA-exempt is not as simple as just paying someone a salary or just deciding that an employee should not qualify for overtime. Instead, there are
- [Think Beyond Stocks and Bonds](https://www.bmss.com/think-beyond-stocks-and-bonds/) - An Introduction to Multi-Asset Investing By Daniel Phillips, CFA®, CFP® All investment decisions have an opportunity cost. There is always an alternative that could have yielded a different outcome. And while it’s unhealthy to continually go through life second-guessing our own decisions, it is wise to occasionally ask ourselves: Am I missing the big picture?
- [Alabama Sales Tax Rate Reduction on Food Effective as of September 1, 2023](https://www.bmss.com/alabama-sales-tax-rate-reduction-on-food-effective-as-of-september-1-2023/) - Alabama recently updated the state-level sales tax rate on food, reducing it from 4% to 3%, effective September 1, 2023. This does not affect local jurisdiction rates such as city and county sales tax rates on food, although cities and counties are permitted to reduce their rate on food. If your organization or business sells
- [Attention:  Update to Business Personal Property Tax Filing Process](https://www.bmss.com/attention-update-to-business-personal-property-tax-filing-process/) - Beginning October 1, 2023, the OPPAL system will be a component of My Alabama Taxes to electronically file your business personal property return. If you (or BMSS on your behalf) previously filed via OPPAL, you should receive a paper copy of form ADV-40 from the county in which your business operates. This form will include
- [IRS Halts Processing of New ERC Claims Until  January 2024](https://www.bmss.com/irs-halts-processing-of-new-erc-claims-until-january-2024/) - In a news release yesterday, the IRS issued a moratorium on the processing of any new Employee Retention Credit (ERC) claims through at least the end of the year, citing concerns that a growing number of new claims are potentially ineligible and stem from businesses being pressured by aggressive promoters and marketing. Processing times for
- [Business Personal Property Tax – Looking Forward](https://www.bmss.com/business-personal-property-tax-looking-forward/) - It’s that time of year again, Business Personal Property Tax Returns are quickly approaching! Take a look below at some of the things to start thinking about in the coming weeks. What is the Business Personal Property Tax (Ad Valorem)? Business Personal Property tax is an Ad Valorem tax that is assessed at the county
- [I-9 Compliance: Navigating the Updated Form and Remote Verifications](https://www.bmss.com/i-9-compliance-navigating-the-updated-form-and-remote-verifications/) - Written by Rebecca Tipton, SHRM-SCP, BMSS HR Services The I-9 form is one of the main cornerstones of compliance for onboarding so that employers can demonstrate their employees’ eligibility to work in the United States in compliance with the Immigration Reform and Control Act. While it is updated approximately every three years and, therefore, has gone
- [Maximize Your Tax Savings and Make a Positive Impact: Work Opportunity Tax Credit](https://www.bmss.com/maximize-your-tax-savings-and-make-a-positive-impact-work-opportunity-tax-credit/) - Written by Sarah Shirley Ever since the world seemingly stopped during the COVID-19 pandemic, people everywhere have started placing greater importance on making a positive impact in the world and on those around them. As the focus shifted to collective well-being and resilience, a growing desire has emerged among businesses and individuals alike to embrace
- [IRS Increases Oversight of ERC Program](https://www.bmss.com/irs-increases-oversight-of-erc-program/) - Last week, the IRS issued an important news release, IR-2023-135 (click green link to read full release), announcing their heightened scrutiny of claims for the Employee Retention Credit (ERC) with a particular focus on detecting and preventing fraud. It is crucial for taxpayers to remain vigilant and cautious of companies that aggressively pursue their business
- [Hurricane Season: Preparation & Post-Event Considerations](https://www.bmss.com/hurricane-season-preparation-post-event-considerations/) - Written by Claire Bourseleth, Katim Faal and Lisa Talley, BDO USA, P.A. Hurricane Season is underway and will remain in effect until November 30th of this year. Is your organization prepared? Do you know what to expect? The US sustains about 8 disastrous weather events per year with an average price tag of about $1B.
- [Keeping Up With 2023 HR Updates](https://www.bmss.com/keeping-up-with-2023-hr-updates/) - Written by Rebecca Tipton, SHRM-SCP HR Advisory Services Putting the "Resource" in Human Resource Consulting One of the unexpected challenges of the HR industry is keeping up with compliance updates considering there are many different agencies that regulate employment considerations, including all of the various agencies and regulations that fall under the US Department of
- [Childcare Challenges and Working Parents as featured in the Birmingham Business Journal Childcare Special Issue - Table of Experts](https://www.bmss.com/childcare-challenges-and-working-parents-as-featured-in-the-birmingham-business-journal-childcare-special-issue-table-of-experts/) - Rebecca Tipton, SHRM-SCP HR Client Services Manager, BMSS HR Advisory Services Putting the “Resource” in Human Resource Consulting What are some of the most significant challenges that working parents face when it comes to childcare, and how can businesses help to address these challenges? One of the biggest hurdles that working parents face regarding childcare
- [Whistleblower Programs and Compliance: Enhancing Transparency and Accountability through Forensic Accounting](https://www.bmss.com/whistleblower-programs-and-compliance-enhancing-transparency-and-accountability-through-forensic-accounting/) - Written by Dalton Hopper, CFE, CVA Whistleblower programs and compliance initiatives have gained significant importance in recent years as organizations and governments strive to enhance transparency, ethical behavior, and accountability. Within this context, forensic accounting plays a crucial role in supporting and strengthening these programs. By employing investigative techniques, data analysis, and financial expertise, forensic
- [New Tax Tools for Giving: IRA Charity Rollover Gift Annuity](https://www.bmss.com/new-tax-tools-for-giving-ira-charity-rollover-gift-annuity/) - By: Cooper Melvin, CPA, JD In late 2022, Congress authorized a new tool to lower Required Minimum Distributions (“RMDs”) and increase charitable giving. Effective as of now, taxpayers over age 701/2 can make a one-time distribution from their IRA into a Charitable Gift Annuity (“CGA”). It works like this: A taxpayer finds a participating charity
- [Final Paychecks: What is Required When an Employee Separates from Employment?](https://www.bmss.com/final-paychecks-what-is-required-when-an-employee-separates-from-employment/) - What are Alabama’s rules surrounding final paychecks? Alabama does not provide regulations on when a final check must be issued, so employers are required by the Fair Labor and Standards Act (FLSA) to provide the final paycheck on the next scheduled payday, regardless of whether the employee quit or was terminated. The final paycheck should
- [New Employment Protections for New and Expecting Mothers](https://www.bmss.com/new-employment-protections-for-new-and-expecting-mothers/) - Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Putting the "Resource" in Human Resource Consulting With new legislation protecting new and expecting mothers’ employment, employers need to be cognizant of their responsibilities for employees who are either pregnant or who are lactating following recent childbirth. The most recent federal acts passed are the Pregnant Workers’
- [Succession Planning: Preparing for the Inevitable](https://www.bmss.com/succession-planning-preparing-for-the-inevitable/) - BMSS HR Advisory Putting the "Resource" in Human Resource Consulting Written by Rebecca Tipton, SHRM-SCP Nearly all companies face turnover at some point, which can hurt businesses with lag times required for recruitment and a new hire’s adjustment to the company and position. This can have an even greater effect if the position is a
- [Employer Benefit Compliance: Are You Covered?](https://www.bmss.com/employer-benefit-compliance-are-you-covered/) - Written by Rebecca Tipton, SHRM-SCP BMSS HR Advisory Services Many people might not realize, but April 6th is National Employee Benefits Day, a day to celebrate and embrace the important role that benefits play in recruiting and retaining top talent. However, as much as we would like for it to be as simple as
- [Maximizing Tax Benefits of Transaction Costs](https://www.bmss.com/maximizing-tax-benefits-of-transaction-costs/) - Whether related to an acquisition, merger, restructuring, reorganization, initial public offering or spin-off, the costs paid by companies to service providers such as investment bankers, attorneys, accountants and consultants to investigate and pursue a transaction (“transaction costs”) can be in the millions of dollars. While transaction costs paid or incurred in connection with many types
- [Tax Treatment of Research and Experimental Expenses For 2022 Tax Filings](https://www.bmss.com/tax-treatment-of-research-and-experimental-expenses-for-2022-tax-filings/) - Written by Sarah Shirley The 2017 Tax Cuts and Jobs Act (TCJA) is the gift that keeps on giving, continuing to create significant challenges for taxpayers and their advisors in implementing tax changes under the TCJA. Another area of established federal tax law for which the TCJA has created significant change is the tax treatment
- [Reasons to Consider Extending Your Tax Return](https://www.bmss.com/reasons-to-consider-extending-your-tax-return/) - Written by Drew Nicol, CPA Tax season is upon us once again. Many taxpayers have begun closing out year-end books and started gathering documents in order to prepare for the upcoming filing deadlines. This filing season, tax returns for pass-through entities (Partnerships and S-Corporations) are due on March 15 while individuals and C-Corporations have an
- [2023 Alabama Unemployment Tax Rate Notices](https://www.bmss.com/2023-alabama-unemployment-tax-rate-notices/) - What’s happening? The Alabama Department of Revenue has started releasing 2023 Tax Rate Notices. Alabama no longer mails paper copies of these notices, so employers who are subject to Alabama unemployment should log into the Alabama Department of Labor eGov site to access their 2023 rate. Do not assume your rate is unchanged, as rates
- [Update on Post-Death Distributions from Inherited IRAs and Retirement Plans](https://www.bmss.com/update-on-post-death-distributions-from-inherited-iras-and-retirement-plans/) - By Ashley G. White, JD, CPA The SECURE Act of 2019 was signed into law late in 2019 and largely overhauled the existing rules regarding taking mandatory distributions from retirement plans, both during the lifetime of the plan participant and during the life of the plan participant’s beneficiary after the death of the participant. Many
- [2023 Social Security Wage Base Update](https://www.bmss.com/2023-social-security-wage-base-update/) - As we approach the end of the year, it is important to remain aware of changes that may affect your payroll software. One of the changes will be to the Social Security Wage Base limit. The wage base limit is the maximum wage that’s subject to Social Security tax for that year. In 2022, the
- [BMSS' 2022 Year-End Tax Planning Letter](https://www.bmss.com/bmss-2022-year-end-tax-planning-letter/) - As 2022 comes to a close, all eyes are on the midterm elections and potential year-end tax legislation and, as always, it is important to stay informed. Year-end tax planning does not occur in a vacuum and is certainly impacted by the changing tax environment. Regardless of the uncertainties, we want to outline some key
- [Federal 941 Payroll Tax Lookback Procedures](https://www.bmss.com/federal-941-payroll-tax-lookback-procedures-2/) - Do you pay Federal 941 payroll taxes on a monthly deposit schedule? If so, it may wise to perform an annual checkup to find out if you are required to begin paying these taxes on a semi-weekly basis. IRS Notice 931, Deposit Requirements for Employment Taxes, lists out the requirements for depositing payroll taxes such
- [How Does Your Compensation Look Under the Microscope and Why Should You Care?](https://www.bmss.com/how-does-your-compensation-look-under-the-microscope-and-why-should-you-care/) - Written by Rebecca Tipton, SHRM-SCP With the end of the year quickly approaching, many companies are in the middle of budget planning, which is the perfect time to conduct a compensation analysis so that you can plan for any needed changes instead of fighting to find room in the budget after the fact. Compensation analyses
- [Your Alabama Tax License Renewal is Due December 31, 2022](https://www.bmss.com/your-alabama-tax-license-renewal-is-due-december-31-2022/) - Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License annually. 2022 License Renewal Due Date: 12/31/2022 The My Alabama Taxes (MAT) website provides the ability for the business information to be verified and/or updated in order to generate a new license for the upcoming year. The following tax types are
- [ERC Sharks Continue to Strike](https://www.bmss.com/erc-sharks-continue-to-strike/) - By Cooper Melvin, J.D., CPA In a news release today, the IRS warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. The release encourages businesses to be cautious of solicitations that are “too good to be true.” An improper ERC
- [Biden Signs the Inflation Reduction Act of 2022](https://www.bmss.com/biden-signs-the-inflation-reduction-act-of-2022/) - Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion bill is aimed at fighting climate change, reducing the cost of healthcare, and increasing funding for the IRS. Many of the provisions in this Act are targeted to affect the
- [Review the 2022 BMSS Client Survey Results](https://www.bmss.com/bmss-client-economic-survey-2022-results-are-in/) - As many businesses are focused on the possibility that the country could be heading into a recession, BMSS conducted a survey to gauge clients’ feel about where their businesses are currently and what steps they are taking to mitigate the effects a recession may bring. The results that we received are encouraging overall. Of the
- [Inflation Reduction Act of 2022](https://www.bmss.com/inflation-reduction-act-of-2022/) - By Dalton Bradshaw, CPA On July 27, 2022, Senate Majority Leader Charles Schumer and Senator Joe Manchin struck a deal to revive a Democratic reconciliation bill. The deal, coined “The Inflation Reduction Act of 2022” (the Act), seeks to combat inflation and promote green energy initiatives by increasing minimum corporate taxation, closing tax “loopholes,” and
- [Have You Been Referred to Alliantgroup?](https://www.bmss.com/have-you-been-referred-to-alliantgroup/) - Alliantgroup is a national management and tax consulting firm that works with CPA firms and their business clients to identify and claim federal and state government tax credits. Started approximately 20 years ago and based in Houston, TX, the firm has formed partnerships with CPA firms across the country. However, in May of this year,
- [Ensure Your Organization is Prepared This Hurricane Season](https://www.bmss.com/for-this-hurricane-season-make-sure-your-organization-is-prepared/) - Written by Dalton Hopper, CFE, CVA In our last BBL newsletter, we shared BDO’s Top 5 Tips when filing an insurance claim after a hurricane. Two months into the official start of hurricane season, August through September are seen as the busiest months of the year for these devastating storms. With that in mind, we
- [Are You Prepared for Hurricane Season?](https://www.bmss.com/are-you-prepared-for-hurricane-season/) - Top 5 Tips when Filing an Insurance Claim Hurricanes can have a devastating impact on businesses of all sizes. Employees’ safety is at risk, assets are vulnerable, and business can be disrupted or even shut down entirely. Business owners and risk managers face the prospect of navigating complex property and business interruption insurance claims in
- [IRS Dirty Dozen List and Other Audit Triggers](https://www.bmss.com/irs-dirty-dozen-list-and-other-audit-triggers/) - Earlier this year, the IRS released its 2022 Dirty Dozen, the top twelve scams or potentially abusive transactions that could trigger an audit. This list is not exclusive and is not a list of top priorities. Rather, it is the IRS’ attempt to alert taxpayers of potentially abusive tax reporting practices or scams by third
- [Tax Treatment of Research and Experimental Expenses During 2022](https://www.bmss.com/tax-treatment-of-research-and-experimental-expenses-during-2022/) - Written by Steven N. Smith, J.D., CPA The 2017 Tax Cuts and Jobs Act (TCJA) is the gift that keeps on giving, continuing to create significant challenges for taxpayers and their advisors in implementing tax changes under the TCJA. Another area of established federal tax law for which the TCJA has created significant change is
- [Alabama Department of Revenue Opens Window for Making Late Pass-Through Entity Election for 2021](https://www.bmss.com/alabama-department-of-revenue-opens-window-for-making-late-pass-through-entity-election-for-2021/) - By Ashley G. White, JD, CPA As we have previously reported in our Beyond the Bottom Line newsletters, the Alabama Electing Pass-Through Entity Tax Act (Act 2021-1 and Act 2021-423) was passed last year and allows Alabama S-Corporations and Subchapter K entities (pass-through entities or PTEs) to elect to pay Alabama income taxes at the
- [Penalty Abatement for ERC-related Tax](https://www.bmss.com/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 refunds to many businesses that filed retroactively for the credit. As explained below, cash flow issues may be arising for some of these businesses, or their owners, in the case
- [Alabama to Phase Out Minimum Business Privilege Tax Beginning in 2023](https://www.bmss.com/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 to be paid by small businesses. The business privilege tax is levied for the privilege of being organized under the laws of Alabama or doing business in Alabama and is
- [Proposed Regulations Take Aim at Estate and Gift Basic Exclusion](https://www.bmss.com/proposed-regulations-take-aim-at-estate-and-gift-basic-exclusion/) - Written by Dalton Bradshaw, CPA In 2017, the passage of the Tax Cuts and Jobs Act (TCJA) brought about numerous provisions aimed at benefiting taxpayers, including within the estate and gift tax arena. Most notably, the TCJA provided for the basic exclusion amount (BEA) for estates and lifetime gifts to increase to $10 million from
- [Understanding Your Buy-Sell Agreement - Part 3](https://www.bmss.com/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 as well as how the business should be valued. Now, let’s discuss the events that can trigger a valuation under a buy-sell agreement. Typically, triggering events occur when an owner-employee
- [LIFO Election - Is It Right for Your Business?](https://www.bmss.com/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 personal lives to the businesses we run, inflation is all around us. With the current volatile times and more projected volatility to come, cost-saving opportunities are highly desired. One avenue
- [Newly Released Proposed Regulations Regarding Post-Death Distributions from Inherited IRAs and Retirement Plans](https://www.bmss.com/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 regarding required minimum distributions (RMDs) and inherited IRAs and retirement plans. Specifically, the Act largely eliminated the “stretch” IRA by requiring, subject to a few specific exceptions, that all benefits
- [If You Require an EBP Audit, Changes Are Coming](https://www.bmss.com/if-you-require-an-ebp-audit-changes-are-coming/) - If your company’s employee benefit plan (EBP) is required to have an annual audit performed under ERISA, particularly if you have a limited scope audit, please note that your audit will undergo some changes effective for periods ending on or after December 15, 2021. One such change will be that the limited scope audit will
- [K-2/K-3 Filing Requirements](https://www.bmss.com/13810-2/) - By: Cooper Melvin, JD, CPA Taxpayers owning an interest in certain partnerships or S corporations may have noticed additional information in the Schedule K-1 package for 2021 regarding international tax matters. Beginning with tax year 2021, the IRS is requiring the filing of Schedules K-2 and K-3 if a pass-through entity contains “items of international
- [Professional Services Companies Capitalize on M&A Opportunities](https://www.bmss.com/professional-services-companies-capitalize-on-ma-opportunities/) - The professional services industry is built on the exchange of ideas and the provision of guidance. Though not immune to the pitfalls that can impact any industry, such as lack of resources or staffing shortages, the professional services industry adapted to pandemic-related challenges more nimbly than other industries, especially those that rely on foot traffic
- [New Form 7203](https://www.bmss.com/new-form-7203/) - By Cooper Melvin, JD, CPA The IRS recently released the final version of the new Form 7203 to better document S corporation stock basis in connection with the income tax returns filed by S corporation owners, which can include individuals, certain tax-exempt entities, and certain estates and trusts. While the S corporation basis calculations remain
- [How the Advance Child Tax Credit May Reduce Your Refund or Increase Your Amount Due](https://www.bmss.com/how-the-advance-child-tax-credit-may-reduce-your-refund-or-increase-your-amount-due/) - By Ashley G. White, JD, CPA For those of you who make up part of the millions of families who received up to half of their child tax credit via monthly payments during 2021, you may end up with a smaller refund than normal or an increased tax bill. Some taxpayers may be surprised by
- [Employee Retention Credit – Timing of Qualified Wages Deduction Disallowance](https://www.bmss.com/employee-retention-credit-timing-of-qualified-wages-deduction-disallowance/) - By Steven N. Smith, CPA, JD Initially, the employee retention credit (ERC), enacted by the CARES Act, was not available to paycheck protection program (PPP) borrowers. The passage of the Consolidated Appropriations Act 2021, on December 27, 2020, changed that and allowed PPP borrowers to claim the credit after all. This modification to the law
- [The IRS’ Ever-Growing Backlog and Suspension of Selected Automated Notices](https://www.bmss.com/the-irs-ever-growing-backlog-and-suspension-of-selected-automated-notices/) - By Dalton Bradshaw, CPA In our Beyond the Bottom Line Newsletter on January, 26, 2022, we summarized the annual report of the Taxpayer Advocate Service to Congress. The report noted that tax administration in 2021 was horrendous from the perspective of tens of millions of taxpayers. In the immediate aftermath of the Coronavirus pandemic touching
- [Positive Pay](https://www.bmss.com/positive-pay/) - By Cooper Melvin, CPA, JD Due to a recent checking account fraud scheme in the local news, as a business owner or checking account holder, you may be wondering how you can avoid falling victim to this potential threat. While there are different steps you can take, one approach we have found is through a
- [IRS Announces Transition Away from Use of Third-party Verification Involving Facial Recognition](https://www.bmss.com/irs-announces-transition-away-from-use-of-third-party-verification-involving-facial-recognition/) - In our Beyond the Bottom Line Newsletter dated January 12, 2022, we described the updated identity verification and sign-in process for several IRS online tools. As they say about not liking the weather in the south, just wait a few minutes and it will change. So goes the new IRS identity verification. Last Friday, the
- [IRS “Report Card” Warns of a Challenging 2022 Filing Season for Taxpayers and Tax Professionals](https://www.bmss.com/irs-report-card-warns-of-a-challenging-2022-filing-season-for-taxpayers-and-tax-professionals/) - By Steven N. Smith, CPA, JD The 2022 filing season will likely be a frustrating experience for both taxpayers and tax professionals. Individual returns can be submitted to the IRS beginning January 24th, but movement through the system of these returns may continue to be a lengthy process. The Taxpayer Advocate Service (TAS) is an
- [New Identity Verification Process for IRS Online Account](https://www.bmss.com/new-identity-verification-process-for-irs-online-account/) - If you have created an online account with the IRS and have not signed in recently, you will notice some changes the next time you access your account. The IRS has launched an updated, more intense identity verification and sign-in process for several of its online tools. As taxpayers have been taught to be mistrusting
- [Business License Renewal Information](https://www.bmss.com/13452-2/) - City of Birmingham Any person or entity desiring to conduct trade or provide services within the city limits of Birmingham is required to register with the City of Birmingham. The license covers the period of January 1 through December 31. The license must be renewed annually by February 15th to avoid penalties. To apply or
- [Build Back Better Act’s Proposed Tax Changes on Indefinite Hold](https://www.bmss.com/build-back-better-acts-proposed-tax-changes-on-indefinite-hold/) - A few days before Christmas, West Virginia Democratic Senator Joe Manchin announced on both Fox News Sunday and his website that he would not support the Build Back Better Act (BBBA), President Biden’s broad economic legislation that was intended to use a series of proposed tax hikes to offset new spending on items such as universal preschool,
- [Important Information Regarding 2021 Personal Income Tax Returns](https://www.bmss.com/important-information-regarding-2021-personal-income-tax-returns/) - IRS Issuing Information Letters to Advance Child Tax Credit Recipients and Recipients of the Third Round of Economic Impact Payments On December 22, 2021, the IRS announced that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at
- [How Nonprofits Can Navigate the Great Resignation](https://www.bmss.com/how-nonprofits-can-navigate-the-great-resignation/) - By Andrea Espinola Wilson Nonprofits are not exempt from the current labor market shortages associated with the “Great Resignation.” The pandemic, social and political events, and the relentlessness of navigating both personal and professional priorities created a perfect storm. Professionals in every sector feel burned out, disenfranchised and are seeking a new normal which goes
- [Federal 941 Payroll Tax Lookback Procedures](https://www.bmss.com/federal-941-payroll-tax-lookback-procedures/) - IRS Notice 931, Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income, social security and Medicare taxes. If your company is currently paying Federal 941 payroll taxes on a monthly deposit schedule, then you should be performing an annual checkup to see if you are required to begin paying
- [BMSS’ 2021 Year-end Tax Planning Letter](https://www.bmss.com/bmss-2021-year-end-tax-planning-letter/) - 2021 has been a year filled with recovery from the pandemic and economic hardships of 2020. As many of the tax breaks legislators provided during the pandemic come to an end and many uncertainties surround the Biden Administration’s future on taxes, it is important to stay informed and plan for 2022 and beyond. Regardless of
- [Update on the Infrastructure Investment and Jobs Act](https://www.bmss.com/update-on-the-infrastructure-investment-and-jobs-act/) - By Dalton Bradshaw, CPA After months of debates and concessions, the Infrastructure Investment and Jobs Act (the “Act”) was passed by Congress on November 5, 2021. On Monday of this week, President Biden signed the Act into law at a White House ceremony. What began as a massive $3.5 trillion plan to bolster the nation’s
- [Your Alabama Tax License Renewal is Due December 31, 2021](https://www.bmss.com/your-alabama-tax-license-renewal-is-due-december-31-2021/) - Beginning November 1, 2020, taxpayers are required to renew their State of Alabama Tax License on an annual basis. 2022 License Renewal Due Date: 12/31/2021 The My Alabama Taxes (MAT) website provides the ability for your business information to be verified and/or updated in order to generate a new license for the upcoming year. The
- [Are You Taxed As a Partnership? Matters for You to Consider](https://www.bmss.com/partnership-updates-for-you-to-consider/) - For our clients and friends operating as business entities taxed as partnerships, we want to bring a few matters for your attention, including: IRS launches large partnership audits, Periodic reviews of partnership or operating agreements, and Recent congressional proposals regarding partnership taxation. IRS Partnership Audit Program In a previous Beyond the Bottom Line, we mentioned
- [Infrastructure Bill Update](https://www.bmss.com/infrastructure-bill-update/) - Written by Cooper Melvin, J.D. In a previous Beyond the Bottom Line, we introduced a summary of the Reconciliation Bill. Earlier this week, there were proposed changes to the bill to garner more support from centrist democrats. As a result, Congress has proposed decreasing the bill budget to $1.75-$2 trillion. This is down nearly 50%
- [How Deal Insurance Improves M&A Transaction Execution](https://www.bmss.com/how-deal-insurance-improves-ma-transaction-execution/) - By Michael Williams, Managing Director, Transaction Advisory Services, BDO USA, LLP The use of representations and warranties (R&W) insurance in mergers and acquisitions has grown significantly over the past several years and has become an increasingly integral component of the transaction process. This article focuses on how buyers and sellers use R&W insurance for both
- [Business Personal Property Tax (Ad Valorem) - Looking Forward](https://www.bmss.com/business-personal-property-tax-ad-valorem-looking-forward/) - Business Personal Property Tax Return deadlines are quickly approaching! Take a look below at some of the things to consider in the coming weeks. What is the Business Personal Property Tax (Ad Valorem)? Business Personal Property tax is an Ad Valorem tax that is assessed at the County level in Alabama. These taxes are calculated
- [Cryptocurrency: The Next Financial Frontier](https://www.bmss.com/cryptocurrency-the-next-financial-frontier/) - By Dalton Bradshaw, CPA In recent years, the unprecedented growth and public adoption of virtual currencies, also known as crypto currencies, have left many investors and professionals with questions and uncertainties as to what these currencies are and how they should be treated for tax purposes. While the value and function of virtual currencies have
- [Book and Tax Implications of Earnouts](https://www.bmss.com/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 especially true during times of economic turbulence, like the COVID-19 pandemic, when current business results may not reflect the past or future earnings of the target. To reach an appropriate
- [Expectation of Increasing IRS Audits in the Future](https://www.bmss.com/expectation-of-increasing-irs-audits-in-the-future/) - Our experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the years prior to that period. Of course, some of the decrease over the last 17 or 18 months can be attributed to COVID, but we were already seeing that trend
- [Update on Infrastructure Legislation and Budget Blueprint](https://www.bmss.com/update-on-infrastructure-legislation-and-budget-blueprint/) - In last week’s Beyond the Bottom Line, we presented an overview of the Infrastructure Investment and Jobs Act. The bill passed the Senate yesterday in a 69-30 vote and now goes back to the House for its approval of the bill as amended. Although expected to be approved by the House, this bipartisan legislation now
- [The M&A Metrics Software Companies Need to Know](https://www.bmss.com/the-ma-metrics-software-companies-need-to-know/) - Software companies may be surprised by the metrics used to gauge their value and growth potential during M&A. Knowing what investors look at is core to the deal negotiation process. Over the past few years, U.S. private equity (PE) interest and investment volume in the technology industry has risen steadily. Major generalist PE funds like
- [An Overview of the Infrastructure Investment and Jobs Act](https://www.bmss.com/an-overview-of-the-invest-in-america-act/) - Written by Dalton Bradshaw, CPA Supervisor After passing a House vote in July, H.R. 3684, originally introduced as the “Investing in a New Vision for the Environment and Surface Transportation in America Act” or the “INVEST in America Act,” an infrastructure bill is now being considered by the Senate. Retitled as the “Infrastructure Investment and
- [Uncertainty Adds Urgency:  Potential for Tax Increases Impacts M&A Transactions](https://www.bmss.com/uncertainty-adds-urgency-potential-for-tax-increases-impacts-ma-transactions/) - Most business owners will buy or sell a company only once in their lifetime. It’s a pivotal moment in the lifecycle of any business as well as for the owner personally. When considering a potential transaction, most owners have one number on their mind, net cash received after tax. Because of this, it’s no surprise
- [Understanding Excludable Fringe Benefits](https://www.bmss.com/understanding-excludable-fringe-benefits/) - By: Cooper Melvin J.D., Staff Accountant Recent news has brought a focus on employer-provided fringe benefits and the consequences to employees and businesses if accounting is improper. Compliance with accounting for fringe benefits falls on employers. The consequences of failure to comply can be significant, for both income and payroll tax purposes. This article surveys
- [The Advanced 2021 Child Tax Credit](https://www.bmss.com/the-advanced-2021-child-tax-credit/) - Many of you may have received a letter from the IRS regarding the Advanced 2021 Child Tax Credit. As part of the American Rescue Plan Act, an increase in the amount of the child tax credit is being implemented for 2021. The Act raises the child tax credit to $3,000 per child (or $3,600 for
- [Treasury's Green Book Provides Details on the Administration's Tax Proposals](https://www.bmss.com/treasurys-green-book-provides-details-on-the-administrations-tax-proposals/) - On Friday, May 28, 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green Book,” the 114-page document is included in the Biden administration’s fiscal year 2022 budget submission to Congress. The Green Book provides more details regarding the administration’s tax proposals previewed in
- [State Unemployment Insurance (SUI) Fraud](https://www.bmss.com/state-unemployment-insurance-sui-fraud/) - As some of you may know, there has been an uptick in fraudulent unemployment claims throughout the state. With the influx of cases arising from shutdowns during the pandemic, state agencies have been flooded with claims and are trying to process them as quickly as possible. As a result, some claims are being falsely filed
- [Tax Credits for COVID-19 Shots](https://www.bmss.com/tax-credits-for-covid-19-shots/) - In March, the Biden Administration signed the American Rescue Plan Act of 2021 (ARP), extending the availability of the Emergency Paid Sick Leave (EPSL) tax credit and the Emergency Family and Medical Leave (EFML) tax credit. These tax credits are designed to reimburse employers for the cost of providing paid sick and family leave to
- [Alabama Electing Pass-Through Entity Tax Act](https://www.bmss.com/alabama-electing-pass-through-entity-tax-act/) - In a previous Beyond the Bottom Line, BMSS briefly highlighted certain Alabama legislation passed earlier this year and signed into law by Governor Ivey. One provision that passed deserves additional attention at this time: the Alabama Electing Pass-Through Entity Tax Act (the “Act”). With the passage of this Act, Alabama joins other states by enacting
- [The Shuttered Venue Operators Grant (SVOG) Program](https://www.bmss.com/the-shuttered-venue-operators-grant-svog-program/) - If you are a business that relies heavily on events such as a theater, museum, or other live venue operator, there is an opportunity for you to apply for grants to help offset some of the economic hardship that you’ve endured over the past year. The Small Business Administration (SBA) is currently building a program
- [House Passed the American Rescue Plan Act of 2021](https://www.bmss.com/house-expected-to-pass-the-american-rescue-plan-act-of-2021/) - House Passed the $1.9 Trillion Bill after Revisions by the Senate The House passed the final version of the American Rescue Plan Act of 2021 this afternoon with a vote of 220 to 211, before sending it to President Biden for his signature. On March 6th, by a 50-49 vote, the Senate approved the Act
- [American Rescue Plan Act of 2021 Heads Toward House Vote in Days](https://www.bmss.com/american-rescue-plan-act-of-2021-heads-toward-house-vote-in-days/) - On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end of this week. The panel combined legislation written in various House committees in recent weeks -- pulling enhanced jobless benefits, minimum wage increase, vaccine funding and other elements -- into
- [Alabama Legislation Update](https://www.bmss.com/alabama-legislation-update/) - On Friday, February 12, Governor Kay Ivey signed three bills into law which include provisions that have a significant impact on businesses operating in Alabama, and also impact individual taxpayers in Alabama. A brief overview of the three bills is below. Please contact your BMSS professional if you have any questions regarding how these bills
- [Update on COVID-19 Employment Tax Credits, including the Release of Form 7202](https://www.bmss.com/update-on-covid-19-employment-tax-credits-including-the-release-of-form-7202/) - Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals On Tuesday, February 8, the IRS announced that a new form is available for eligible self-employed individuals to claim sick and family leave tax credits under the Families First Coronavirus Response Act (FFCRA). Eligible self-employed individuals will determine their qualified sick and
- [Employee Retention Credit (ERC) Update](https://www.bmss.com/employee-retention-credit-erc-update/) - Employers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers may use ERCs to offset federal payroll tax deposits up to $5,000 per employee in 2020 and up to $14,000 per employee in 2021. The Consolidated Appropriations Act of 2021 (Act), signed
- [Will We Experience Immediate Federal Tax Increases?](https://www.bmss.com/will-we-experience-immediate-federal-tax-increases/) - With the Presidency, the House and the Senate all controlled by the Democratic Party, many taxpayers are asking, “Will we have tax increases for 2021?” We are still too early in the Biden administration to predict an answer to that question with any confidence, but at least one early indication is that tax increases are
- [Congress Agrees Upon New COVID-19 Relief Bill; Trump Signs Bill into Law](https://www.bmss.com/congress-agrees-upon-new-covid-19-relief-bill/) - Late on December 20, 2020, Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the ongoing pandemic. President Trump signed the Consolidated Appropriations Act, 2021 into law on December 27. The package is part of the massive year-end appropriations bill passed by Congress and
- [DCAA Audits Post COVID-19](https://www.bmss.com/dcaa-audits-post-covid-19/) - Government contracting is a highly regulated business. Compliance with the legislation and regulations on how to do business with the U.S. Government allows contractors to continue working with the government. Due to the Coronavirus national emergency, two new pieces of legislation were enacted to help government contractors deal with the impact of COVID-19. On December
- [Top Year-End Tax Planning Tip #2: Cost Recovery of Capital Improvement](https://www.bmss.com/top-year-end-tax-planning-tip-2-cost-recovery-of-capital-improvement/) - Generous tax breaks are available for taxpayers who have made 2020 asset additions. Accelerated depreciation is a beneficial tool for taxpayers related to the timing of income and deductions. Property placed in service during 2020 that has a useful life of 20 years or less will generally be able to be fully depreciated in the
- [BMSS Listed on Forbes "America's Best Tax and Accounting Firms" for Second Year in a Row](https://www.bmss.com/bmss-listed-on-forbes-americas-best-tax-and-accounting-firms-for-second-year-in-a-row/) - Forbes has partnered with market research company Statista to create a list of the most recommended firms for tax and accounting services in the U.S. based on surveys of tax and accounting professionals and their clients. Of the 278 firms identified, 250 were recommended for tax and 200 were recommended for accounting (172 were recommended
- [Tax Implications of PPP Loans](https://www.bmss.com/tax-implications-of-ppp-loans/) - Some small businesses may be hit with a surprise tax bill related to Paycheck Protection Program (PPP) loans unless Congress acts soon. If you have been following our emails and webinars, you will not be surprised, but you may, nevertheless, be subject to tax consequences that perhaps were not anticipated by Congress when it passed
- [IRS Releases Guidance Regarding  Deductibility of PPP Loan-Related Expenses](https://www.bmss.com/irs-releases-guidance-regarding-deductibility-of-ppp-loan-related-expenses/) - When the Paycheck Protection Program (PPP) was introduced as part of the CARES Act in March, the law provided that any loan forgiveness would not be included in taxable income. The IRS released guidance in April that indicated that expenditures funded by PPP loan proceeds would not be deductible for federal income tax purposes to
- [Election Day Tax Planning Letter](https://www.bmss.com/election-day-tax-planning-letter/) - Dear BMSS Clients and Friends, With the end of 2020 approaching, you may be considering year-end tax planning strategies. Year-end tax planning always presents uncertainties over possible tax law changes in future years, but the uncertainty is particularly pronounced in a presidential election year. BMSS recently sent to you a Bloomberg Tax & Accounting comparison
- [Your Alabama Unclaimed Property Report is Due November 1, 2020](https://www.bmss.com/your-alabama-unclaimed-property-report-is-due-november-1-2020/) - If your company or organization holds unclaimed property with situs in Alabama, you must file an annual report with the State of Alabama Treasurer's Office. This report covers property that is deemed to be unclaimed as of June 30, 2020. Alabama does not require negative reporting; that is, if you hold no unclaimed property as of
- [IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic](https://www.bmss.com/irs-issues-guidance-for-deferral-of-certain-employee-payroll-tax-in-light-of-the-ongoing-covid-19-pandemic/) - On Friday, August 28, 2020, the IRS issued a news release announcing that Notice 2020-65 had been issued to provide guidance to implement the Presidential Memorandum issued on August 8, 2020. This memorandum allows employers to defer withholding and payment of the employee's portion of the Social Security tax if the employee's wages are below
- [Latest Developments on PPP and the Forgiveness Process](https://www.bmss.com/latest-developments-on-ppp-and-the-forgiveness-process/) - For most of you who received Paycheck Protection Program (PPP) loans under the CARES Act, the receipt of these funds provided a lifeline to your business during these challenging and stressful times. Nearly four months after the initial passage of the CARES Act, we are still in an environment of changing rules and a sense of
- [Why You May Not Want to Rush Your PPP Loan Forgiveness Application](https://www.bmss.com/why-you-may-not-want-to-rush-your-ppp-loan-forgiveness-application/) - In a nutshell, details are still being worked out by the Small Business Administration (SBA), the U.S. Treasury Department and lenders. Until those details are finalized, it may be wise to wait. Here are five factors affecting the application process: Most lenders are not ready to process forgiveness applications and are building technology tools to
- [Senate Passes the Paycheck Protection Program (PPP) Flexibility Act of 2020](https://www.bmss.com/senate-passes-the-paycheck-protection-program-ppp-flexibility-act-of-2020/) - Late Wednesday, the Senate passed the House version of the Paycheck Protection Program (PPP) Flexibility Act of 2020 which triples the time period for PPP borrowers to spend the funds and qualify for forgiveness. The Act now heads to the President’s desk for his signature. Below is a summary of the main points of the legislation:
- [SBA Releases Long-Awaited PPP Forgiveness Application Form](https://www.bmss.com/sba-releases-long-awaited-ppp-forgiveness-application-form/) - On Friday, May 15 the Small Business Administration (SBA) released the long-awaited PPP Forgiveness Application Form. This application created a number of new safe harbors and changes that were not in the original CARES Act or any of the previously released guidance. The BMSS Paycheck Protection Program team is digesting this new information and will provide
- [An Answer to One of the Most-Asked PPP Loan Questions on Good-Faith Certification](https://www.bmss.com/answer-to-one-of-the-most-asked-ppp-loan-questions-on-good-faith-certification/) - There has been a great deal of discussion regarding the borrower’s good-faith certification required on the application for a PPP loan. The SBA released FAQ 46 this morning, May 13, addressing this topic in greater detail. Please see the FAQ and answer below: Question: How will SBA review borrowers’ required good-faith certification concerning the necessity
- [BMSS Hosts Virtual Keep Corona Calm 5K and 1-Mile Fun Run](https://www.bmss.com/bmss-hosts-virtual-keep-corona-calm-5k-and-1-mile-fun-run/) - More than 250 BMSS employees and family members laced up their running shoes on Saturday, May 2 to rally together, while remaining at least six-feet apart, in the BMSS Presents: Keep Corona Calm 5K and 1-Mile Fun Run. Participants ran from their own front doors and local parks in at least five different states but
- [An Insurance Update from Johnny Prewitt & The Prewitt Group](https://www.bmss.com/an-insurance-update-from-johnny-prewitt-the-prewitt-group/) - The impact of the COVID-19 global pandemic has been expansive and rapid. It is not only affecting how people live their everyday lives, but is increasingly disrupting businesses across our country. Many companies, specifically those in the travel, hospitality, and retail segments, have been hit especially hard and forced to temporarily close down their locations.
- [Another Opportunity to Receive PPP Funding is Now Available](https://www.bmss.com/another-opportunity-to-receive-ppp-funding-is-available/) - The Paycheck Protection Program loan portal reopened at 9:30 a.m. CST today, April 27. If you have already worked with a lender but were not approved before the first allocation of the PPP was expended, this may be your opportunity to receive funding. We recommend that you contact your lender to ensure no additional information
- [Provisions Affecting Retirement Plan Distributions and Loans in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)](https://www.bmss.com/provisions-affecting-retirement-plan-distributions-and-loans-in-the-coronavirus-aid-relief-and-economic-security-act-cares-act/) - The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes several provisions affecting retirement plan distributions and loans related to the COVID-19 virus that are discussed below. Distributions: Eligible individuals can withdraw up to $100,000 for coronavirus-related purposes from tax-qualified retirement plans during 2020 without incurring the usual 10% early distribution penalty. Taxable distributions should
- [Important Update on the Loan Forgiveness Phase of the PPP](https://www.bmss.com/important-update-on-the-loan-forgiveness-phase-of-the-ppp/) - If you are participating in the Paycheck Protection Program (PPP) and have received your funding, it is likely you have questions about the second phase of the program – loan forgiveness. The loan forgiveness aspect of PPP is anticipated to be extremely complex and likely to be ever changing (clarification on forgiveness should be forthcoming by
- [Good News for PPP Loan Recipients Regarding Deferral of Payroll Taxes](https://www.bmss.com/good-news-for-ppp-loan-recipients-in-regards-to-deferral-of-payroll-taxes/) - The IRS released FAQs on Sec 2302 of the CARES Act, Delay of Payment of Employer Payroll Taxes. This provision generally provides that employers may defer the deposit and payment of the employer's portion of social security taxes and certain railroad retirement taxes, that would otherwise be required to be made during the period beginning on
- [Important Notice Regarding Legal Implications for Clients Who Have Applied for Loans from the PPP](https://www.bmss.com/important-notice-regarding-legal-implications-for-clients-who-have-applied-for-the-ppp/) - The accounting, tax and general business implications of COVID-19 is a rapidly evolving situation. BMSS will provide an update and/or revised information as it becomes known to us and we have had time to process the information. Some information that we provide–for example, updates on the progress, passage and contents of federal and state legislation–may
- [IRS Issues Additional Relief Measures](https://www.bmss.com/irs-issues-additional-relief-measures/) - Late 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 and businesses. The notice, which amplifies Notice 2020-18, expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers
- [IRS & ADOR Operations - Beyond the Postponement of Payments and Filing until July 15](https://www.bmss.com/irs-ador-operations-beyond-the-postponement-of-payments-and-filing-until-july-15th/) - Much 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) announced this postponement in Notice 2020-18 and gave further guidance on its website. The Alabama Department of Revenue (ADOR) and other state revenue departments adopted this postponement to varying degrees,
- [Most Recent Update on the Paycheck Protection Program](https://www.bmss.com/most-recent-update-on-the-ppp/) - Almost one week ago, the Paycheck Protection Program (PPP) created under the CARES Act was launched by the Small Business Administration and banks across the country. The rollout of this program was bumpy to say the least. On short notice and with little guidance from the government, many lenders were left scrambling to update the
- [Update on SBA Paycheck Protection Program for Individuals & Business Owners](https://www.bmss.com/important-sba-paycheck-protection-program-updates-for-individuals-business-owners/) - Last night, the SBA released FAQs on the Paycheck Protection Program (PPP). These FAQs are linked here for your reference. Below are some highlights showing clarifications organized by question number from the FAQs: Q2: Can I apply if I have over 500 employees? Yes, if you still meet the SBA employee-based or revenue-based size standards
- [Department of Treasury Releases the Paycheck Protection Program Application](https://www.bmss.com/the-department-of-treasury-has-released-the-paycheck-protection-program-application/) - The Department of Treasury just released the Paycheck Protection Program (PPP) application and supplemental information on their website. This program is designed to assist small businesses in keeping their employees paid through the COVID-19 crisis. As a reminder, loans for this program: Are up to 2.5x average monthly payroll and can be used for employee
- [Protecting Yourself Against Identity Theft and Fraud](https://www.bmss.com/protecting-yourself-against-identity-theft-and-fraud/) - With the increase of electronic communication and web traffic, there has been a rise in identity theft and fraud. Please be aware and cautious of the following: Websites purporting to help with SBA loans asking for sensitive information (bank accounts, W-2’s etc.) on your business Phishing emails appearing to be from reputable sources like the
- [President Trump Signs Into Law CARES Act](https://www.bmss.com/president-trump-signs-into-law-cares-act/) - On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized the top provisions in the new legislation below, with
- [Tax Filing Deadline Moved to July 15, 2020; Additional New Developments from Washington](https://www.bmss.com/alert-new-developments-from-washington-regarding-taxpayers/) - *There is no longer a $1 million limit on the amount that can be deferred. It is unlimited now. Please see below for important updates regarding relief efforts that have evolved as of this morning. Tax Filing Deadline Moved to July 15, 2020 Treasury Secretary Mnuchin tweeted this morning: At @realDonaldTrump’s direction, we are moving
- [President Trump Signs the Families First Coronavirus Response Act](https://www.bmss.com/president-trump-signs-the-families-first-coronavirus-response-act/) - President Trump Signs the Families First Coronavirus Response Act On Wednesday, March 18, 2020, the Senate passed the Families First Coronavirus Response Act (FFCRA), after which the bill was signed into law by the President. The House passed the bill on Saturday, March 14, 2020, with further changes made by the House by unanimous consent
- [Our Proactive Approach to the Coronavirus](https://www.bmss.com/our-proactive-approach-to-the-coronavirus/) - To Our Clients and Friends, First of all, we want to take a moment to express our gratitude that you have entrusted BMSS Advisors & CPAs to be your trusted business advisor. During these difficult times, and as you are dealing with the outbreak of the coronavirus (COVID-19), we want to reach out to let
- [BMSS Listed on America’s Top Recommended Tax And Accounting Firms 2020 by Forbes](https://www.bmss.com/bmss-listed-on-americas-top-recommended-tax-and-accounting-firms-2020-by-forbes/) - Forbes partnered with market research company Statista to create a list of the most recommended firms for tax and accounting services in the United States for 2020. BMSS Advisors & CPAs is proud to be listed as one of the 227 firms throughout the country and the only firm based in Birmingham. For the full
- [Nonprofit Newsflash, Winter 2020](https://www.bmss.com/nonprofit-newsflash-winter-2020/) - We want to make sure your organization stays on top of the ever-changing tax laws and regulations while staying in the best position to foster growth and continued success. We hope you enjoy our Winter 2020 edition of the Nonprofit Newsflash. Here are the topics inside: Power of Real-Time Insights to Improve Donor Communications GASB
- [Tax Updates for 2020](https://www.bmss.com/tax-updates-for-2020/) - As we approach the holiday season, it looks like enough of us have made the Nice List for the IRS to leave us some small gifts in our stockings for 2020. There has been no major tax legislation affecting individuals this year so most of these changes were previously planned for or indexed in for

## Pages

- [Home](https://www.bmss.com/) - Find out more about the tax, accounting, audit, and consulting services offered to business owners and high net worth individuals - Alabama CPA Firm.
- [Birmingham, Alabama](https://www.bmss.com/about/our-locations/birmingham-alabama-cpa/) - Contact One of Our Birmingham Offices Visit our homepage or call our main line to connect with a Birmingham advisor today. BMSS Advisors & CPAs1121 Riverchase Office RoadBirmingham, AL 35244(205) 982-5500 BMSS Advisors & CPAs3500 Colonnade Parkway, Suite 150Birmingham, AL 35243(205) 982-5500 BMSS Advisors & CPAs300 Richard Arrington Jr. Blvd. N, Suite 100Birmingham, AL 35203(205)
- [Huntsville, Alabama](https://www.bmss.com/about/our-locations/huntsville-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to companies and individuals in Huntsville (AL) - Huntsville CPA Firm.
- [Our Locations](https://www.bmss.com/about/our-locations/) - Find out more about our firm's various office locations across the southeast including Huntsville (AL), Birmingham (AL), and Ridgeland (MS).
- [Our History](https://www.bmss.com/about/our-history/) - Find out more about the firm's history including the timeline of significant events such as past mergers which led to our firm - Birmingham CPA Firm.
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- [Contact Us](https://www.bmss.com/contact/) - Contact us to learn more about the accounting, tax, audit, and consulting services to companies, families, and high net worth individuals - Huntsville CPA Firm.
- [About](https://www.bmss.com/about/) - Find out more about BMSS and our family of companies which includes IT consulting and human capital consulting services.
- [BMSS Family of Companies](https://www.bmss.com/about/bmss-family-of-companies/) - Find out more about the family of BMSS companies including Abacus Technologies and BMSS Wesson Wealth Solutions - Financial Planning.
- [Client Accounting Solutions](https://www.bmss.com/gov-con-client-accounting-solutions/) - Learn more about the client accounting services including CFO outsourcing, financial analysis review and month end financial analysis.
- [Previous Webinars](https://www.bmss.com/previous-webinars/) - BMSS Presents: An Alabama Ethics Update June 4, 2026Slide Presentation BMSS Presents: A Healthcare Compliance Update May 21, 2026RecordingSlide PresentationWhitepaper BMSS Presents: Government Contract Accounting Systems Review March 19, 2026RecordingSlide PresentationWhitepaper BMSS Family of Companies Presents: An HR Compliance Update March 12, 2026RecordingSlide PresentationWhitepaper BMSS Family of Companies Presents: A Public & Private Markets Update
- [Campus Recruiting](https://www.bmss.com/careers/campus-recruiting/) - Find out more about our campus recruiting efforts to attract the top university talent including our BMSS Summer Experience and internship program.
- [BMSS Legacy](https://www.bmss.com/about/bmss-legacy/)
- [Manufacturing Inventory Costs – FAQs](https://www.bmss.com/manufacturing-inventory-costs-faqs/) - Review our list of frequently asked questions on manufacturing inventory costs including the standard costing and the concept of variance - Manufacturing Accounting
- [Manufacturing Cost Accounting & Job Costing FAQs](https://www.bmss.com/manufacturing-cost-accounting-job-costing-faqs/) - Review our list of frequently asked questions manufacturers often have about the specific of job costing and cost accounting - Manufacturing CPA Firm.
- [Manufacturing Accounting and Consulting – Tampa (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-tampa-fl-2/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Tampa and Florida - Manufacturing CPA Tampa
- [Manufacturing Accounting and Consulting – Palm Bay (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-palm-bay-fl/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Orlando and Florida - Manufacturing CPA Orlando
- [Manufacturing Accounting and Consulting – Orlando (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-orlando-fl/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Orlando and Florida - Manufacturing CPA Orlando
- [Manufacturing Accounting and Consulting – Tallahassee (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-tallahassee-fl/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Tallahassee and Florida - Manufacturing CPA Tallahassee
- [Manufacturing Accounting and Consulting – Jacksonville (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-jacksonville-fl-2/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jacksonville and Florida - Manufacturing CPA Jacksonville
- [Government Contract Accounting – Mobile (AL)](https://www.bmss.com/government-contract-accounting-mobile-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Mobile (AL) 36602
- [Government Contract Accounting – Ridgeland (MS)](https://www.bmss.com/government-contract-accounting-ridgeland-ms/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Ridgeland (MS) 39157
- [Government Contract Accounting – Gadsden (AL)](https://www.bmss.com/government-contract-accounting-gadsden-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Gadsden (AL) 35901
- [Government Contract Accounting – Jacksonville (FL)](https://www.bmss.com/government-contract-accounting-jacksonville-fl/) - Find out more about the government contact accounting services offered to contractors in Jacksonville including assistance with DCAA accounting - Jacksonville (FL) 32202
- [Government Contract Accounting – Anniston (AL)](https://www.bmss.com/government-contract-accounting-anniston-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Anniston (AL) 36201
- [Government Contract Accounting – Ozark (AL)](https://www.bmss.com/government-contract-accounting-ozark-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Ozark (AL) 36360
- [Government Contract Accounting – Jackson (MS)](https://www.bmss.com/government-contract-accounting-jackson-ms/) - Find out more about the government contact accounting services offered to contractors in Jackson including assistance with DCAA accounting - Jackson (MS) 39201
- [Government Contract Accounting – Columbus (MS)](https://www.bmss.com/government-contract-accounting-columbus-ms/) - Find out more about the government contact accounting services offered to contractors in Columbus including assistance with DCAA accounting - Columbus (MS) 39701
- [Government Contract Accounting – Pensacola (FL)](https://www.bmss.com/government-contract-accounting-pensacola-fl/) - Find out more about the government contact accounting services offered to contractors in Pensacola including assistance with DCAA accounting - Pensacola (FL) 32501
- [Government Contract Accounting – Orlando (FL)](https://www.bmss.com/government-contract-accounting-orlando-fl/) - Find out more about the government contact accounting services offered to contractors in Orlando including assistance with DCAA accounting - Orlando (FL) 32801
- [Government Contract Accounting – Vicksburg (MS)](https://www.bmss.com/government-contract-accounting-vicksburg-ms/) - Find out more about the government contact accounting services offered to contractors in Vicksburg including assistance with DCAA accounting and more - Vicksburg MS
- [Government Contract Accounting – Panama City (FL)](https://www.bmss.com/government-contract-accounting-panama-city-fl/) - Find out more about the government contact accounting services offered to contractors in Panama City including assistance with DCAA accounting and more.
- [Government Contract Accounting – Gainesville (FL)](https://www.bmss.com/government-contract-accounting-gainesvillefl/) - Find out more about the government contact accounting services offered to contractors in Gainesville including assistance with DCAA accounting and more. Gainesville (FL) 32601
- [Government Contract Accounting – Biloxi (MS) 39530](https://www.bmss.com/government-contract-accounting-biloxi-ms/) - Find out more about the government contact accounting services offered to contractors in Biloxi including assistance with DCAA accounting Biloxi (MS) 39530
- [Government Contract Accounting – Tallahassee (FL) 32301](https://www.bmss.com/government-contract-accounting-tallahassee-fl/) - Find out more about the government contact accounting services offered to contractors in Tallahassee including assistance with DCAA accounting - Tallahassee (FL) 32301
- [Government Contract Accounting – Melbourne (FL) 32901](https://www.bmss.com/government-contract-accounting-melbourne-fl/) - Find out more about the government contact accounting services offered to contractors in Melbourne including assistance with DCAA accounting - Melbourne (FL) 70112
- [Government Contract Accounting – Ocala (FL) 34470](https://www.bmss.com/government-contract-accounting-ocala-fl/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting and more - Ocala (FL) 34470
- [Government Contract Accounting – New Orleans (LA) 70112](https://www.bmss.com/government-contract-accounting-new-orleans-la/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - New Orleans (LA) 70112
- [Government Contract Accounting – Baton Rouge (LA)](https://www.bmss.com/government-contract-accounting-baton-rouge-la/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Baton Rouge (LA) 70801
- [Government Contract Accounting – Shreveport (LA)](https://www.bmss.com/government-contract-accounting-shreveport-la/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting and more - Shreveport (LA) 71101
- [Government Contract Accounting – Huntsville (AL)](https://www.bmss.com/government-contract-accounting-huntsville-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Huntsville (AL) 35801
- [Government Contract Accounting – Birmingham (AL)](https://www.bmss.com/dcaa-accounting-birmingham-al/) - Find out more about the government contact accounting services offered to contractors including assistance with DCAA accounting - Birmingham (AL) 35207
- [Manufacturing Accounting and Consulting – Jackson County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-jackson-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jackson County and Mississippi - Jackson County (MS) 39567
- [Manufacturing Accounting and Consulting – Lauderdale County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-lauderdale-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Lauderdale County and Mississippi - Lauderdale County (MS) 39301
- [Manufacturing Accounting and Consulting – Montgomery (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-montgomery-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Montgomery and Alabama - Montgomery (AL) 36043
- [Manufacturing Accounting and Consulting – Florence (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-florence-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Florence and Alabama - Florence (AL) 35630
- [Manufacturing Accounting and Consulting – Mobile (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-mobile-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Mobile and Alabama - Mobile (AL) 36602
- [Manufacturing Accounting and Consulting – Huntsville (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-huntsville-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Huntsville and Alabama - Huntsville (AL) 35801
- [Manufacturing Accounting and Consulting – Gulfport (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-gulfport-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Gulfport and Mississippi - Gulfport (MS) 39501
- [Manufacturing Accounting and Consulting – South Haven (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-south-haven-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Gulfport and Mississippi - Gulfport (MS) 38561
- [Manufacturing Accounting and Consulting – Gadsden (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-gadsden-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Gadsden and Alabama - Gadsden (AL) 35901
- [Manufacturing Accounting and Consulting – Lee County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-lee-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Lee County and Mississippi - Lee County (MS) 33801
- [Manufacturing Accounting and Consulting – Madison County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-madison-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Madison County and Mississippi - Madison County MS 35801
- [Manufacturing Accounting and Consulting – Hinds County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-hinds-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Hinds County and Mississippi - Hinds County (MS) 39201
- [Manufacturing Accounting and Consulting – Jones County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-jones-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jones County and Mississippi - Jones County (MS) 39440
- [Manufacturing Accounting and Consulting – Scott County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-scott-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Scott County and Mississippi - Scott County (MS) 39074
- [Manufacturing Accounting and Consulting – Montgomery County (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-montgomery-county-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Montgomery County and Alabama - Montgomery County (AL)
- [Manufacturing Accounting and Consulting – Etowah County (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-etowah-county-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Etowah County and Alabama - Etowah County (AL) 35956
- [Manufacturing Accounting and Consulting – Jefferson County (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-jefferson-county-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jefferson County and Alabama -Jefferson County (AL) 35201
- [Manufacturing Accounting and Consulting – Tuscaloosa (AL)](https://www.bmss.com/manufacturing-accounting-and-consulting-tuscaloosa-al/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Tuscaloosa and Alabama - Tuscaloosa AL 35401
- [Manufacturing Accounting and Consulting – Pontotoc County (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-pontotoc-county-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Pontotoc County and Mississippi - Pontotoc County (MS)
- [Ridgeland CPA Firm](https://www.bmss.com/ridgeland-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to businesses and the high net worth in Ridgeland (MS) - Ridgeland CPA
- [Huntsville CPA Firm](https://www.bmss.com/huntsville-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to businesses and the high net worth in Huntsville - Huntsville CPA
- [Mobile CPA Firm](https://www.bmss.com/mobile-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to businesses, organizations and the high net worth in Mobile - Mobile CPA Firm.
- [Gadsden CPA Firm](https://www.bmss.com/gadsden-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to businesses, organizations and the high net worth in Gadsden - Gadsden CPA Firm.
- [Ridgeland, Mississippi](https://www.bmss.com/about/our-locations/ridgeland-mississippi/) - Find out more about the accounting, tax, audit, and consulting services offered to companies and individuals in Ridgeland (MS) - Ridgeland CPA
- [Manufacturing Accounting and Consulting – Nashville (TN)](https://www.bmss.com/manufacturing-accounting-and-consulting-nashville-tn/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Nashville and Tennessee - Nashville (TN) 37201
- [Manufacturing Accounting and Consulting – Atlanta (GA)](https://www.bmss.com/manufacturing-accounting-and-consulting-atlanta-ga/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Atlanta and Georgia - Atlanta GA 30301
- [Manufacturing Accounting and Consulting – Jackson (MS)](https://www.bmss.com/manufacturing-accounting-and-consulting-jackson-ms/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jackson and Mississippi - Jackson (MS) 39201
- [Manufacturing Accounting and Consulting – Houston (TX)](https://www.bmss.com/manufacturing-accounting-and-consulting-houston-tx/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Houston and Texas - Houston TX 77002
- [Manufacturing Accounting and Consulting – Little Rock (AR)](https://www.bmss.com/manufacturing-accounting-and-consulting-little-rock-ar/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Little Rock and Arkansas - Little Rock (AR) 72201
- [Manufacturing Accounting and Consulting – Jacksonville (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-jacksonville-fl/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Jacksonville and Florida-Jacksonville FL 32202
- [Manufacturing Accounting and Consulting – Dallas (TX)](https://www.bmss.com/manufacturing-accounting-and-consulting-dallas-tx/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Dallas and Texas- Dallas (TX)N 75201
- [Manufacturing Accounting and Consulting – New Orleans (LA)](https://www.bmss.com/manufacturing-accounting-and-consulting-new-orleans-la/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Richmond and Virginia - New Orleans (70130)
- [Manufacturing Accounting and Consulting – Tampa (FL)](https://www.bmss.com/manufacturing-accounting-and-consulting-tampa-fl/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Tampa and Florida - Tampa (FL) 33592
- [Manufacturing Accounting and Consulting – Oklahoma City (OK)](https://www.bmss.com/manufacturing-accounting-and-consulting-oklahoma-city-ok/) - Find out more about the manufacturing accounting and consulting services offered to manufacturers in Oklahoma City and Oklahoma - Oklahoma City 73102
- [Insights](https://www.bmss.com/insights/) - Gain access to our latest thought leadership on tax, accounting and audit topics along with the latest firm news and how to impact our clients and prospects.
- [Resources & Links](https://www.bmss.com/resources-links/) - BMSS Family of Companies Abacus Technologies Payroll & Benefit Solutions (PBS) BMSS Wesson Wealth Solutions Firm Resources Employee Retention Credit: Fact or Fiction provided by the AICPA & CIMA Past Webinar Recordings and Links to Presentations Client Portal: How to Login New Electronic Process for Client Engagement Letters BMSS Privacy Policy TaxCaddy Information W-9 Information Federal
- [Mobile, Alabama](https://www.bmss.com/about/our-locations/mobile-alabama/) - Find out more about the accounting, tax, audit, and consulting services offered to companies and high net worth individuals in Mobile - Mobile (AL)
- [Newsletter Signup](https://www.bmss.com/newsletter-signup/) - Interested in regularly receiving the firm newsletter? Complete the sign up form and receive regular updates from us - Birmingham CPA Firm.
- [Our Industries](https://www.bmss.com/our-industries/) - Find out more about the various industries served by our firm including government contracting, real estate, construction and financial institutions.
- [Welcome to BMSS!](https://www.bmss.com/welcome-to-bmss/) - How Do Clients Rate BMSS?
- [BMSS Emails & Marketing Communications](https://www.bmss.com/bmss-emails-marketing-communications/) - At BMSS, Communication Is Key In today’s rapidly evolving environment, staying informed about developments that may impact you both professionally and personally is more important than ever. To help keep you current on relevant news, events, and updates, BMSS will periodically share information through email, printed invitations and postcards, as well as newsletters. To ensure
- [Billing Information](https://www.bmss.com/bmss-billing-information/) - Find out more about the various options available to clients interested in paying their bill including using our billing information and payment portal.
- [Experienced Hires](https://www.bmss.com/careers/experienced-hires/) - Find out why experienced accounting professionals are interested in continuing to develop their career with our firm - CPA Firm Job Opportunities
- [Our Solutions](https://www.bmss.com/our-solutions/) - Find out more about the services offered to high net worth individuals and companies including outsourced accounting and government contracting.
- [Gadsden, Alabama](https://www.bmss.com/about/our-locations/gadsden-cpa-firm/) - Find out more about the accounting, tax, audit, and consulting services offered to companies and high net worth individuals in Gadsden (AL) -
- [Our People](https://www.bmss.com/about/our-people/) - Learn more about the people, skills, and experience the members of our leadership team has in various accounting, auditing and tax disciplines - Birmingham CPA
- [Policies & Procedures](https://www.bmss.com/policies-procedures/) - Leveraging the expertise of an accounting firm can help government contractors navigate the complexities of government contracting, enhance compliance, mitigate risks, and optimize financial management practices, ultimately contributing to the contractor's success. Policies and Procedures Review/Enhance Current Policies and Procedures Develop new policies and procedures tailored to your company Purchasing/CPSR Our purchasing policy is designed
- [Contracts Administration Advisory](https://www.bmss.com/contract-administration-advisory/) - Proposals We provide comprehensive support for government contractors, guiding them through both the forward pricing and proposal development processes to maximize their chances of success. Our expert services help contractors create accurate, compliant pricing proposals, including preparing forward pricing rate proposals (FPRPs), cost estimates, and all necessary documentation for federal agencies. We assist in developing
- [System Support](https://www.bmss.com/system-support/) - The BMSS GovCon team specializes in multiple accounting systems and can support your company in new system implementation and monthly accounting support. Our team is available for full accounting support with each of these systems to assist your staff in certain areas. QuickBooks/QuickBooks Online As Certified ProAdvisors in Quickbooks, BMSS can provide expert advice and
- [Defense Contract Audit Agency (DCAA)](https://www.bmss.com/defense-contract-audit-agency-dcaa/) - By choosing an accounting firm specializing in DCAA services, such as BMSS, you have the ability to focus on your core mission objectives with confidence, knowing your financial practices are in capable hands. Some of our services include: DCAA Compliance At BMSS, we specialize in DCAA compliance for government contractors. We begin with the belief
- [Privacy Policy](https://www.bmss.com/privacy-policy/) - Who we are Our website address is: https://www.bmss.com. Comments When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided
- [Thank You](https://www.bmss.com/thank-you/) - Thank you for contacting us! We will be in touch with you shortly.

## Events

- [BMSS Presents:  An Accounting & Auditing Update](https://www.bmss.com/event/bmss-presents-an-accounting-auditing-update-4/) - Please join us for our annual summer Accounting & Auditing Update, which will feature assurance topics and trends in the evolving accounting industry presented by our very own, engaging Mike Brand. By registering for both sessions, you will have the opportunity to earn up to eight hours of accounting and auditing CPE. Session One Registration
- [BMSS Presents:  A Real Estate Industry Update](https://www.bmss.com/event/bmss-presents-a-real-estate-industry-update-2/) - Join BMSS Advisors & CPAs for our Real Estate Industry Update, designed to help developers, investors, property managers, and other industry stakeholders navigate today’s evolving real estate landscape with confidence. This session will cover timely insights on AI and real estate, key tax updates including bonus depreciation, the latest updates and predictions from the IRS
- [BMSS Family of Companies Presents: Business Ownership as Stewardship](https://www.bmss.com/event/bmss-family-of-companies-presents-business-ownership-as-stewardship/) - Join BMSS Wesson Wealth Solutions and Sovereign’s Capital for a thoughtful discussion on business ownership, succession, and stewardship beyond valuation or transaction. This webinar will explore how owners can approach transition planning with intention, considering the long-term impact on employees, culture, family, and legacy while preparing thoughtfully for life after a liquidity event. Register Here
- [BMSS Presents:  An Alabama Ethics Update with Mike Brand](https://www.bmss.com/event/bmss-presents-an-alabama-ethics-update-with-mike-brand/) - As the Alabama CPE deadline in September approaches, now is the time to ensure you are fully prepared to meet your professional ethics requirements. Please join BMSS Advisors & CPAs for a timely and informative ethics update led by BMSS Member Michael Brand, CPA, CGMA. During this session, he will explore the core principles of
- [BMSS Presents: Government Contract Accounting Systems Review](https://www.bmss.com/event/bmss-presents-government-contract-accounting-systems-review/) - Join us for a discussion on government contract accounting systems focused on helping business leaders understand the process impact on the organization.
- [BMSS Family of Companies Presents:  A Public & Private Markets Update](https://www.bmss.com/event/bmss-family-of-companies-presents-a-public-private-markets-update/) - Join us for an event March 3rd from 8:30am to 10:00am for a discussion with industry experts as they provide timely updates on both private and public markets.
- [BMSS Family of Companies Presents:  An HR Compliance Update](https://www.bmss.com/event/bmss-family-of-companies-presents-an-hr-compliance-update/) - Join us for an informative webinar on today’s complex workplace regulations. We’ll review important federal, state, and local obligations, point out frequent compliance missteps, and provide actionable strategies to help you avoid them.
- [BMSS Presents: A Healthcare Compliance Update](https://www.bmss.com/event/bmss-presents-a-healthcare-compliance-update/) - Join us for an informative webinar exploring key 2026 healthcare compliance updates and their operational impact on physician practices and hospitals. Industry experts will provide timely insights on CMS mandates, HIPAA cybersecurity rule changes, and upcoming HR regulatory updates, helping healthcare leaders prepare for the evolving compliance landscape. Don’t miss this opportunity to stay informed and ensure your organization is
- [BMSS Presents:  An Accounting & Auditing Update](https://www.bmss.com/event/bmss-presents-an-accounting-auditing-update-3/) - Please join us for our annual accounting and auditing update, featuring up-to-date assurance topics and trends in the evolving accounting industry, led by Steve Platau.
- [BMSS Presents:  A Construction Industry Update](https://www.bmss.com/event/bmss-presents-a-construction-industry-update-2/) - Join us for a webinar on December 9th highlighting key considerations that industry professionals should make including surety bonds and more.
- [BMSS Presents: An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update-6/) - Join us as Anoop Mishra, VP and Regional Executive for the Federal Reserve Bank of Atlanta (Birmingham Branch), and Oakworth Capital Bank’s Managing Director, Chief Investment Officer, John Norris, provide us with an economic update and what we may be able to expect heading into 2026.
- [BMSS Family of Companies Presents:  Cybersecurity in 2026 - Threat Landscape, Vulnerability Management and Securing AI](https://www.bmss.com/event/bmss-family-of-companies-presents-cybersecurity-in-2026-threat-landscape-vulnerability-management-and-securing-ai/) - Join us for a timely cybersecurity update focused on today’s evolving threat landscape and what it takes to build a proactive, resilient security program. The session will also bridge third-party risk and AI, covering best practices for evaluating vendors and AI tools, as well as practical guidance for securely adopting platforms like GPT and Microsoft
- [BMSS Presents:  Government Contract Novations - Processes, Pitfalls & Best Practices](https://www.bmss.com/event/bmss-presents-government-contract-novations-processes-pitfalls-best-practices/) - Join us for a concise, practical discussion on government contract novations, where we’ll break down the process, highlight common pitfalls, and share best practices for navigating novations successfully.
- [BMSS Presents: A Government Contracting Summit](https://www.bmss.com/event/bmss-presents-a-government-contracting-summit/) - Register now for our in-person event! Register Seven (7) hours of CPE will be awarded for attending the whole day.
- [BMSS Presents: Navigating Turbulent Waters of Supply Chain Management](https://www.bmss.com/event/bmss-presents-supply-chain-management-webinar/) - Over the past 18 months, COVID-19 has wreaked havoc on the supply chain management system. From a shortage of parts to a logjam of logistical processes, businesses are trying to find ways to minimize the impact on their bottom line. Join us as we hear from top supply chain executives on how they are helping
- [BMSS Presents:  Hiring & Retaining Your Workforce Post-Pandemic](https://www.bmss.com/event/bmss-presents-hiring-retaining-your-workforce-post-pandemic/) - Now that the economy is recovering from the COVID-19 pandemic and people are venturing back out into the world to resume in-person activities, the demand for a strong workforce is foremost in management and business owners' minds. What can you do to retain the employees you have while, at the same time, look for new
- [BMSS Presents: An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update/) - Talk of an imminent recession has risen to a steady pitch in the news, on the Internet and in coffee shops throughout the country. What should we believe and how should we respond? Join us as we hear economic perspectives from Anoop Mishra, VP and Regional Executive for the Federal Reserve Bank of Atlanta (Birmingham
- [BMSS Presents:  Implementing the New GAAP Lease Standards](https://www.bmss.com/event/bmss-presents-implementing-the-new-gaap-lease-standards/) - After a number of delays and postponements, Accounting Standards Codification (ASC) 842, Leases, is finally here. Join us as Mike Cheng, National Professional Practice Partner with Frazier & Deeter, and former Senior Project Manager at the Financial Accounting Standards Board discusses how the Lease accounting standard will change, the rules surrounding the standard, and how
- [PBS Presents: Cyberthreats in Payroll Transactions](https://www.bmss.com/event/pbs-presents-cyberthreats-in-payroll-transactions/) - Review a recently presented webinar on the key cyberthreats impacting payroll solutions including attacks on payroll platforms.
- [BMSS Presents:  An Update for the Nonprofit Industry](https://www.bmss.com/event/bmss-presents-an-update-for-the-nonprofit-industry/) - We invite you to join us as members of our BMSS Family of Companies discuss updates in the nonprofit industry from the tax, human resources, cybersecurity and payroll perspectives.
- [BMSS Presents: A Human Resources Update](https://www.bmss.com/event/bmss-presents-a-human-resources-update/) - Review a recently presented webinar highlighting the latest updates in human resources and Medicare - Birmingham CPA Firm.
- [BMSS Presents:  A Construction Industry Update](https://www.bmss.com/event/bmss-presents-a-construction-industry-update/) - Review a recently presented webinar highlighting a construction industry update which covers important topics like regulatory updates - Construction CPA.
- [BMSS Presents:  HR Compliance for Small Businesses in Government Contracting](https://www.bmss.com/event/bmss-presents-hr-compliance-for-small-businesses-in-government-contracting/) - Review a recently presented webinar highlighting that HR compliance considerations that government contractors need to make - Birmingham CPA.
- [BMSS Presents:  A Tax Update](https://www.bmss.com/event/bmss-presents-a-tax-update/) - Review a recently presented webinar on the year end tax planning considerations to reduce taxes and potential upcoming tax changes - Birmingham CPA.
- [BMSS Presents:  Understanding SOC Audits—Enhancing Trust and Compliance for Your Business](https://www.bmss.com/event/bmss-presents-understanding-soc-audits-enhancing-trust-and-compliance-for-your-business/) - Review this recently presented webinar which breaks down the essential details of SOC reports and the different types including SOC 2 reports.
- [BMSS & Bradley Present: Identifying and Leveraging Your Socioeconomic (dis)Advantages](https://www.bmss.com/event/three-part-dbe-webinar-series/) - In this webinar, we will discuss the various contracting assistance programs available through the U.S. Small Business Administration (SBA) for small and/or disadvantaged construction companies, including how to qualify for and maintain good standing with the programs. We will also take a quick look at specific government contract opportunities available to members of these programs.
- [BMSS & Bradley Present: Managing Risk: From Internal Employment Issues to Common Contracting Pitfalls](https://www.bmss.com/event/bmss-bradley-present-supporting-disadvantaged-business-enterprises-2/) - Every day, companies of all sizes face legal and employment issues that can seem overwhelming, but not every company has in-house counsel or a Director of Human Resources to turn to when situations seem sticky. Join us August 10 as Abba Harris and Sarahanne Vaughan of Bradley highlight areas of high risk and discuss how
- [BMSS & Bradley Present: Small Business Set Asides: How to Qualify and Compete](https://www.bmss.com/event/bmss-bradley-present-supporting-disadvantaged-business-enterprises/) - Join Sarah Osborne to discuss how to set up your business to qualify for small business set asides in government contracting, including the certification and registration process. Sarah will also give an overview of the competitive process for set aside contracts and other valuable tips for navigating government procurements.
- [BMSS Presents: An Overview of "The Green Book," President Biden's Blueprint for Taxation](https://www.bmss.com/event/bmss-presents-an-overview-of-the-green-book-president-bidens-blueprint-for-taxation/) - On May 28, 2021, the Treasury Department released an overview of tax proposals included in the Biden Administration's fiscal year 2022 budget submission to Congress. Commonly known as the "Green Book," this 114-page document provides more details regarding the Administration’s tax proposals that were previewed in the American Jobs and the American Families Plans. The
- [BMSS Presents: What the Vaccine Mandate Could Mean for You & Your Business](https://www.bmss.com/event/bmss-presents-what-the-vaccine-mandate-could-mean-for-you-your-business/) - The Mandate is here. All employers of 100 or more must, by January 4, require employees to be vaccinated or undergo weekly testing. Is this federal law really going to go into effect? Will it be derailed by lawsuits? What if I don’t comply? How will it be enforced? Who pays for the testing and
- [BMSS Presents:  2021 Accounting & Auditing Update Webinar](https://www.bmss.com/event/bmss-presents-2021-accounting-auditing-update/) - Join us for our annual BMSS Accounting & Auditing Update Webinar which will feature assurance topics and trends in the evolving accounting industry led by Steve Platau, J.D., CPA. *In order to receive CPE credit, you must respond to at least three polls per CPE credit. (Please note: We are not NASBA certified. All approvals
- [BMSS Presents:  Year-End Tax Planning Webinar](https://www.bmss.com/event/bmss-presents-year-end-tax-planning-webinar/) - Please join us as we discuss tax planning strategies for you to consider as the end of 2021 approaches. Through our membership in the BDO Alliance USA, we are very fortunate to have guest speakers from BDO USA, LLP share their knowledge and insights with us for this webinar.
- [BMSS Wesson Presents:  An Economic Update](https://www.bmss.com/event/bmss-wesson-presents-an-economic-update/) - Join us as Anoop Mishra, vice president and regional executive of the Birmingham Branch of the Federal Reserve Bank of Atlanta, provides an economic update. BMSS Wesson CEO Mark Wesson will serve as webinar moderator.
- [Abacus Technologies Presents: Leveraging Your Business Data to Save Time and Increase Efficiency](https://www.bmss.com/event/abacus-technologies-presents-leveraging-your-business-data-to-save-time-and-increase-efficiency/) - Join us as Abacus Technologies’ Business Intelligence team explores two pillars of intelligent businesses: turning business data into information for faster decision-making to not fall behind the competition, and turning that information into action by automating workflows to stay ahead.
- [BMSS Presents: What the Russo-Ukrainian War Could Mean for Your Business](https://www.bmss.com/event/bmss-presents-what-the-russo-ukrainian-war-could-mean-for-your-business/) - On February 24, 2022, Russian President Vladimir Putin ordered an invasion of Ukraine by the Russian Armed Forces. Targeted airstrikes and military tanks have destroyed many of Ukraine’s key cities and government buildings while cyberattacks have created havoc on Ukraine’s infrastructure. Ukraine has rallied through a swelling of national pride and international support creating an
- [ITAC Solutions Presents: Trends & Tactics for the Staffing & Recruiting World](https://www.bmss.com/event/itac-solutions-presents-trends-tactics-for-the-staffing-recruiting-world/) - Since March 2020, nearly every industry’s workforce has experienced significant changes as a result of COVID-19. Many business owners have faced difficulty with hiring and retaining their talent. How can CEOs, human resources leaders and business owners adapt and thrive as the needs and desires of the workforce continue to evolve? Join ITAC Solutions Founder
- [PBS Presents: How to Detect & Prevent HR Vulnerabilities in Your Business](https://www.bmss.com/event/pbs-presents-how-to-detect-prevent-hr-vulnerabilities-in-your-business/) - Join PBS and Starnes Davis Florie LLP Partner Trip Umbach as they share how to know if your business is vulnerable, how to protect it if it is, and the legal expectations and responsibilities of your human resource department in preventing or mitigating risks.
- [BMSS Presents: A Washington D.C. Update with AICPA's Mark Peterson](https://www.bmss.com/event/bmss-presents-a-washington-d-c-update/) - 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 D.C. Peterson provides global advocacy for management and public accounting, CPA and CGMA issues working closely with state CPA societies, national governments, U.S. state governments, regulators, legislators, and accounting bodies
- [BMSS Presents: Accounting & Auditing Update](https://www.bmss.com/event/bmss-presents-accounting-auditing-update/) - Please join us for our annual summer Accounting & Auditing Update which will feature assurance topics and trends in the evolving accounting industry. You will have the opportunity to earn up to eight hours of CPE that will be hosted through Zoom in segments of four-hour sessions over the course of two days. Click here
- [BMSS Presents:  A Professional Ethics Update with Mike Brand](https://www.bmss.com/event/bmss-presents-a-professional-ethics-update-with-mike-brand/) - With the Alabama CPE deadline fast approaching, please join BMSS’ very own talented and engaging Mike Brand as he discusses professional ethics, what that means and how it affects the accounting profession. This course will fulfill the two-hour ethics requirement for Alabama CPAs. Click here to register.
- [BMSS Presents: A Construction Update](https://www.bmss.com/event/bmss-presents-a-construction-update/) - Join us as representatives from the banking, bonding and accounting industries discuss recent trends in the construction industry as well as reporting requirement updates and planning opportunities. Click here to register.
- [BMSS Presents: Strategies to Recession-Proof Your Business](https://www.bmss.com/event/bmss-presents-strategies-to-recession-proof-your-business/) - As a recession looms on the horizon, is your business prepared? We invite you to join the BMSS team as local industry professionals discuss current economic trends, supply chain updates and resources to help your business weather the storm. Click here to register.
- [BMSS Presents: Leadership Lessons from the War in Ukraine](https://www.bmss.com/event/bmss-presents-leadership-lessons-from-the-war-in-ukraine/) - Join us for this special topic webinar as Dr. Duncan Hulsey will address the following questions: Why has the takeover of Ukraine failed thus far, and how does this relate to the leadership styles of Putin and Zelensky? What leadership lessons from this historic event can be applied to our personal and professional lives? Some
- [BMSS Presents:  The Current Status of the FTC's  Attack on Non-competes & Other Employment Updates](https://www.bmss.com/event/bmss-presents-the-current-status-of-the-ftcs-attack-on-non-competes-other-employment-updates/) - Recently, the FTC announced its intent to broadly prohibit non-competition agreements. Join us as Dentons Sirote Shareholder, Rushton McClees shares valuable insight into the current status of these non-compete discussions and what this means for you as a business. Additionally, BMSS Human Resources Advisory Service Manager, Rebecca Tipton, and Payroll & Benefit Solutions’ Ashley Culliver
- [BMSS Presents: An Employee Benefit Plan Update](https://www.bmss.com/event/bmss-presents-an-employee-benefit-plan-update/) - Join us as professionals from Advo(k)ate Advisors and BMSS discuss general retirement industry updates as well as hot trends and topics from the IRS and Department of Labor. Attendees will also hear perspectives, pitfalls and problems experienced while working with retirement plans.
- [BMSS Presents:  A Credit Union Roundtable](https://www.bmss.com/event/bmss-presents-a-credit-union-roundtable/) - Credit unions are part of a highly regulated and constantly changing industry. How do you keep up with all of the developments? Join our Credit Union professionals as they provide information on current topics and trends to keep you aware of regulations and requirements that may impact your organization.
- [BMSS Presents: An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update-2/) - Over the past year, there has been a great deal of discussion about whether the country is in a recession, heading for a recession, or will narrowly miss being in a recession. The normal indicators have been mixed and there is still a lot of uncertainty surrounding the economy. Join us as we hear an
- [BMSS Presents: A Year-End Tax Update](https://www.bmss.com/event/bmss-presents-a-year-end-tax-update/) - Join us as we discuss tax planning strategies for you to consider before the end of the year. In addition, we will hear a former IRS agent’s perspective on the recent uptick in IRS activity. After registering, you will receive a confirmation email containing information about joining the webinar. Please do not share your link
- [BMSS Presents: A&A Update with Steve Platau](https://www.bmss.com/event/bmss-presents-aa-update-with-steve-platau/) - Please join us for our annual accounting and auditing update which will feature up-to-date assurance topics and trends in the evolving accounting industry led by Steve Platau. Agenda: 7:30 a.m. - Registration and Light Breakfast 8:30 a.m. - Seminar Begins 12:00 p.m. - Lunch Provided 4:30 p.m. - End of Seminar
- [BMSS Presents: A Governmental & Municipalities Update](https://www.bmss.com/event/bmss-presents-a-governmental-municipalities-update/) - Join us as our top-notch governmental and municipalities team discusses new and existing accounting rules and regulations that may be affecting your industry. This 90-minute presentation will cover a variety of topics and issues that you face every day in your efforts to stay transparent and accountable.
- [BMSS Presents:  Beginning with the End in Mind, Considering the Impact of a Cybersecurity Incident](https://www.bmss.com/event/bmss-presents-beginning-with-the-end-in-mind-considering-the-impact-of-a-cybersecurity-incident/) - Join BMSS and Abacus Technologies for an in-depth exploration of the potential consequences of cybersecurity incidents and how proactive strategies can help your organization mitigate risk. In this webinar, industry experts will discuss the financial, operational, and reputational impacts of cyber threats, as well as best practices for planning and preparing for potential incidents.
- [BMSS Presents:  An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update-5/) - Join us as David Stewart, a partner with Bradley specializing in governmental affairs services, and Oakworth Capital Bank’s Managing Director and Head of Wealth & Investments, John Norris, provide us with an economic update and what we may be able to expect heading into 2025.
- [BMSS Presents:  An Accounting & Auditing Update](https://www.bmss.com/event/6137/) - Review a recently presented webinar highlighting an accounting and auditing update including key details on assurance update.
- [BMSS Presents:  An Ethics Update with Steve Platau](https://www.bmss.com/event/bmss-presents-an-ethics-update-with-steve-platau/) - With the new CPE year just beginning, fulfill your Alabama Ethics requirement by joining us as Steve Platau discusses professional ethics and what that means for the accounting profession. This course will fulfill the 2.0-hour ethics requirement for Alabama CPAs.
- [BMSS Presents:  Potential Market Implications of the 2024 Election](https://www.bmss.com/event/bmss-presents-potential-market-implications-of-the-2024-election/) - Elections have a tendency to introduce uncertainty into financial markets, influencing investor sentiment and leading to fluctuations in stock prices and commodities as stakeholders assess potential policy changes. As November grows near, join BMSS Wesson Wealth Solutions and guests as they discuss how the markets may be impacted and what you can expect to see
- [BMSS Presents:  What to Expect & How to Prepare When Taking Your Government Contracting Business to Market](https://www.bmss.com/event/bmss-presents-what-to-expect-how-to-prepare-when-taking-your-government-contracting-business-to-market/) - Review a recently presented webinar on the key considerations that organizations should make when bringing a government contractor business to market.
- [BMSS Presents:  An Accounting & Auditing Update](https://www.bmss.com/event/bmss-presents-an-accounting-auditing-update/) - Review a recently presented webinar featuring an accounting and auditing update which discusses key updates - Birmingham CPA.
- [BMSS Presents:  Accounting Solutions for Your Business](https://www.bmss.com/event/bmss-presents-accounting-solutions-for-your-business-2/) - With the shortage of accountants in the U.S. (340,000 per the AICPA), outsourcing your business' accounting functions may be a viable opportunity to keep your operations running smoothly. Join BMSS' client accounting solutions professionals as they share what outsourcing may involve, its benefits, and areas for you to consider.
- [BMSS Presents:  A Professional Ethics Update](https://www.bmss.com/event/bmss-presents-a-professional-ethics-update/) - With the Alabama CPE deadline approaching in September, please join BMSS’ very own talented and engaging Mike Brand as he discusses professional ethics, what that means, and how it affects the accounting profession. This course will fulfill the 2.0 hour ethics requirement for Alabama CPAs.
- [BMSS Presents:  A Washington D.C. Update](https://www.bmss.com/event/bmss-presents-a-washington-d-c-update-2/) - Review a recently presented webinar highlighting the recent updates in Washington DC presented by Senator Katie Britt - Birmingham CPA Firm.
- [BMSS Presents:  How to Get Started with Business Intelligence](https://www.bmss.com/event/bmss-presents-how-to-get-started-with-business-intelligence/) - Review a recently presented webinar on how to get started with business intelligence and the power of data driven decision making.
- [BMSS Presents: A Manufacturing & Distribution Update](https://www.bmss.com/event/bmss-presents-a-manufacturing-distribution-update/) - Discover key insights and strategies for navigating the manufacturing industry's latest challenges in our manufacturing & distribution update.
- [PBS Presents: Recent Updates to the FLSA and Noncompete Policies](https://www.bmss.com/event/pbs-presents-recent-updates-to-the-flsa-and-noncompete-policies/) - The U.S. Department of Labor released the updated salary minimum requirements for salary-exempt employees under the Fair Labor Standards Act raising the minimum thresholds for overtime pay effective July 1, 2024. In addition, the U.S. Federal Trade Commission approved a final rule that bans most new noncompete agreements. Both of these changes could have a
- [BMSS Presents:  An AI Update](https://www.bmss.com/event/bmss-presents-an-ai-update/) - Review a recently presented webinar highlighting the latest updates in artificial intelligence including it's use in cybersecurity and more - Birmingham CPA
- [BMSS Presents:  Creating Resilience in Your Business How to Recover From & Avoid Black Swan Events](https://www.bmss.com/event/bmss-presents-creating-resilience-in-your-business-how-to-recover-from-avoid-black-swan-events/) - Defined as an extremely negative event that is difficult to predict, Black Swan Events such as the COVID-19 Pandemic, the 2008 Global Financial Crisis and the September 11th attacks can have catastrophic impacts on your business. Join Abacus Technologies' Brian Jackson, BMSS founding member, Keith Barfield, and guest panelist, Cory Brandt from Disasters Recovery Services,
- [BMSS Presents:  How Business Intelligence Benefits Governmental Entities](https://www.bmss.com/event/bmss-presents-how-business-intelligence-benefits-governmental-entities/) - Join us for an insightful webinar as we explore how Business Intelligence (BI) is reshaping decision-making, optimizing resources, and elevating overall efficiency in governmental entities.
- [BMSS Presents:  An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update-4/) - Join us as we hear economic perspectives from Anoop Mishra, VP and Regional Executive for the Federal Reserve Bank of Atlanta (Birmingham Branch) and Oakworth Capital Bank’s Managing Director and Head of Wealth & Investments, John Norris.
- [BMSS Presents:  An Annual Tax Update](https://www.bmss.com/event/bmss-presents-an-annual-tax-update/) - Now that the end of the year is approaching, what tax planning strategies should you be considering? Join us as our tax professionals provide some insights and areas to consider to help you plan for the upcoming filing season. Register Here
- [BMSS Presents: A Professional Ethics Update with Steve Platau](https://www.bmss.com/event/bmss-presents-a-professional-ethics-update-with-steve-platau/) - Review a recently presented webinar offering a professional ethics update providing the needed CPEs for the Alabama requirements - Birmingham CPA
- [BMSS Presents:  An AI & Cybersecurity Update](https://www.bmss.com/event/bmss-presents-an-ai-cybersecurity-update/) - Artificial Intelligence (AI) is rapidly infiltrating the business world and avoiding AI may mean potentially falling behind. Whether you're planning its use within your company, have already integrated it into operations, or are utilizing online AI services like ChatGPT, there are risks to consider. Join us as our webinar panelists examine these risks from the
- [BMSS Presents: An Accounting & Auditing Update with Steve Platau](https://www.bmss.com/event/bmss-presents-an-accounting-auditing-update-with-steve-platau/) - Please join us for our annual fall Accounting & Auditing Update which will feature assurance topics and trends in the evolving accounting industry. This will be an in-person event that lasts all day. Register Here
- [BMSS Presents: An Update for the Manufacturing and Distribution Industry](https://www.bmss.com/event/bmss-presents-an-update-for-the-manufacturing-and-distribution-industry/) - We invite you to join the BMSS team as industry professionals discuss current economic trends, supply chain updates, international trade and ESG. Register Here
- [BMSS Presents:  Cyber and Human Resources Solutions for the Construction Industry](https://www.bmss.com/event/bmss-presents-cyber-and-human-resources-solutions-for-the-construction-industry/) - In today's age, cybersecurity and human resources are crucial factors for any business, regardless of its nature. And with the pandemic, their significance has only increased. Join us as our technology and human resources experts explore the latest and most significant topics that impact the construction industry. Register here
- [BMSS Presents: An Economic Update](https://www.bmss.com/event/bmss-presents-an-economic-update-3/) - Join us as we hear economic perspectives from Anoop Mishra, VP and Regional Executive for the Federal Reserve Bank of Atlanta (Birmingham Branch) and Oakworth Capital Bank’s Managing Director and Head of Wealth & Investments, John Norris. Register here
- [BMSS Presents:  Biden's First 100 Days Webinar](https://www.bmss.com/event/bmss-presents-bidens-first-100-days-webinar/) - Join us as we discuss the first 100 days of Biden's administration. We are honored to have Phil Williams, Chief Policy Officer & General Counsel for the Alabama Policy Institute, as our keynote speaker who will provide a global policy/Washington D.C. update. This will be followed by a panel discussion featuring Andy Kattos, ServisFirst; Brad
- [BMSS Presents:  A Government Contractor's Guide to Indirect Rates - Part 2](https://www.bmss.com/event/bmss-presents-a-government-contractors-guide-to-indirect-rates-part-2/) - In the second part of this 2-part webinar, we will continue our discussion into the basics of Indirect Costs. If you missed the first part, you can watch a recording of the webinar here. In part 2, topics will include: Forward pricing proposals Incurred cost submissions and audits How to monitor your indirect rates What
- [BMSS Presents:  A Government Contractor's Guide to Indirect Rates, Part 1](https://www.bmss.com/event/bmss-presents-a-government-contractors-guide-to-indirect-rates-part-1/) - In the first part of this 2-part webinar, we will dive into the basics of Indirect Costs. Topics include: Distinguishing costs as direct or indirect; Indirect cost pools; The development and utility of indirect rates; Consistency in the treatment of costs; FAR Part 31, and Contract compliance. We will continue the conversation in Part 2,
- [BMSS Presents:  Introduction to Procurement in Government Contracting](https://www.bmss.com/event/bmss-presents-introduction-to-procurement-in-government-contracting/) - Government procurement, also known as government purchasing, is the procurement of goods and services by government agencies. This is to say, government agencies are soliciting the public business sector for the goods and services they provide. This is a very formal process that is required by law, in which government agencies issue bid proposals and
- [BMSS Presents: A State and Federal Economic Update](https://www.bmss.com/event/bmss-presents-an-alabama-update-featuring-bca-president-ceo-katie-britt/) - Join us as Business Council of Alabama (the state’s most powerful and effective advocate for business) President & Chief Executive Officer Katie Britt provides an update on the business climate in Alabama for 2021. Along with Katie, Oakworth Capital Bank Managing Director John Norris will provide a federal, global and COVID-19 economic update. Access the
- [BMSS Presents: Transforming Your Business Through EOS](https://www.bmss.com/event/bmss-presents-transforming-your-business-through-eos/) - The best entrepreneurs know when it’s time to shift gears and charge forward with confidence instead of holding back out of fear. The Entrepreneurial Operating System® is a complete system that will help you better prepare for obstacles and opportunities, solve issues at the root, and gain more traction in your company. Over 80,000 companies
- [BMSS Wesson Presents: A 2021 Market Outlook](https://www.bmss.com/event/bmss-wesson-presents-a-2021-market-outlook/) - BMSS Wesson Presents: A 2021 Market Outlook Hosted by BMSS Advisors & CPAs Featuring: Blackstone Senior Managing Director Thomas Morrison will give an overview of private markets with a focus on real estate. Vanguard Investment Strategy Group Economist Adam Schickling will speak on public markets and provide a 2021 market outlook. To Register: https://bmss.zoom.us/webinar/register/WN_L59Msiy8RcK708Uyy3YiPQ CPE will
- [BMSS Presents: An Update for the Manufacturing & Distribution Industry](https://www.bmss.com/event/bmss-presents-an-update-for-the-manufacturing-distribution-industry/) - BMSS has a long history of serving manufacturing and distribution clients and is pleased to offer a complementary webinar featuring timely, informative industry topics. Join us as we hear from BDO USA Manager Brooklin Salemi who will present on above-the-line incentives, tax credits, and trends and statistics for the manufacturing and distribution niche with a
- [BMSS Presents: A Professional Ethics Update with Mike Brand](https://www.bmss.com/event/bmss-presents-a-professional-ethics-update-with-mike-brand-2/) - With the Alabama CPE deadline fast approaching, please join BMSS’ very own talented and engaging Mike Brand as he discusses professional ethics, what that means and how it affects the accounting profession. This course will fulfill the 2.0-hour ethics requirement for Alabama CPAs. Register here
- [BMSS Presents:  An Accounting & Auditing Update with Mike Brand](https://www.bmss.com/event/bmss-presents-an-accounting-auditing-update-with-mike-brand/) - Please join us for our annual summer Accounting & Auditing Update which will feature assurance topics and trends in the evolving accounting industry presented by our very own, engaging Mike Brand. Register here for Session One on August 30, 2023. Register here for Session Two on August 31, 2023. You will have the opportunity to
- [BMSS Presents: A Cybersecurity Update](https://www.bmss.com/event/bmss-presents-a-cybersecurity-update/) - Join us as we host a panel of business and security professionals who will discuss the current cybersecurity environment, trends that they are seeing, and what you and your business can do to mitigate risk. We are very fortunate to have the following professionals serve as our panelists: Brian Jackson of Abacus Technologies, Jack Prewitt
- [BMSS and Abacus Technologies Present:  The Evolution of Communications - Pre-pandemic to Present](https://www.bmss.com/event/bmss-and-abacus-technologies-present-the-evolution-of-communications-pre-pandemic-to-present/) - Join us for a one-hour presentation as Brian Jackson, COO of Abacus Technologies, discusses how communications have evolved over the past 18 months, and what trends are likely here to stay. Register Here
- [BMSS Presents:  Government Contracting for Program Managers](https://www.bmss.com/event/bmss-presents-government-contracting-for-program-managers/) - Being a Program Manager (PM) in a small government contracting business may feel like you’ve been thrown into the fire at times. From acquisition to contract closeout, the PM has expectations from both the contractor and the government sides. In this training series, we will show where you can go for help. Whether it be

## People

- [Laura Watkins](https://www.bmss.com/people/laura-watkins/) - Review the professional biography of Laura Watkins, Director of Audience Development, focused on managing the firm's marketing and other efforts.
- [Barbara Jessen](https://www.bmss.com/people/barbara-jessen/) - Barbara Jessen, CPA, CVA, is a Senior Manager in BMSS’s Ridgeland office, where she provides tax and business valuation services for individuals, businesses, estates, trusts and clients in industries such as real estate and agriculture. With experience in public accounting since 2008, Barbara brings a strong technical background to client work involving tax planning, compliance
- [Mason Murphy](https://www.bmss.com/people/mason-murphy/) - Mason joined BMSS in 2014 as a runner and has built his career here from the ground up, now serving as a Senior Manager in the Riverchase office. He works primarily with clients in construction, manufacturing and distribution, and closely held businesses, serving as a trusted advisor across audit and assurance, tax compliance, tax planning,
- [Rachel Young](https://www.bmss.com/people/rachel-young/) - Rachel Young is a Member in the BMSS Brewton office with 25 years of experience in assurance, strategy and business consulting. She specializes in governmental and nonprofit auditing, financial reporting regulation and governance, helping clients navigate complex reporting requirements while developing practical, forward-looking solutions. With a proactive, strategic approach to client service, Rachel is especially
- [Kelly Love](https://www.bmss.com/people/kelly-love/) - Review the professional biogrpahy of Kelly Love, Senior Manager, focused on providing payroll management and outsourced accounting - Huntsville CPA.
- [Rebecca Tipton](https://www.bmss.com/people/rebecca-tipton/) - Review the professional biography of Rebecca Tipton, Senior Manager, focused on providing outsourced human resource services - Huntsville CPA Firm.
- [Jamey Carroll](https://www.bmss.com/people/jamey-carroll/) - Jamey became a Member of BMSS in 2016. He consults with businesses and individual clients and specializes in the construction, governmental, manufacturing and emergency services industries, providing accounting and tax solutions for his clients. He also helps lead the firm’s employee benefit plan audits team. With more than 20 years of experience, Jamey brings the level
- [Luke Arnett](https://www.bmss.com/people/luke-arnett/) - Review the professional biography of Luke Arnett, CPA, Senior Manager, focused on providing financial statement audits - Gadsden CPA
- [Mark Murphy](https://www.bmss.com/people/mark-murphy/) - Mark Murphy is a Special Projects Coordinator with BMSS Advisors & CPAs in Birmingham, Alabama, where he helps coordinate and lead the firm’s artificial intelligence initiatives, supports the analysis and integration of merger targets, and oversees facilities-related projects. Since joining BMSS in 2024, Mark has brought a strong operational leadership background to projects involving AI,
- [Jan F. Lewis](https://www.bmss.com/people/jan-f-lewis/) - Review the professional biography of Jan Lewis, CPA, Member, focused on providing assistance estate tax planning and more - Ridgeland CPA Firm.
- [Michael L. Brand, CPA, CGMA](https://www.bmss.com/people/michael-l-brand-cpa-cgma/) - Review the professional biography of Michael Brand, CPA, focused on providing accounting, tax, and audit services to nonprofit organizations.
- [Dalton Bradshaw](https://www.bmss.com/people/dalton-bradshaw/) - Review the professional biography of Dalton Bradshaw, CPA, Senior Manager, focused on providing estate and trust planning services - Birmingham CPA.
- [Amanda Boyington](https://www.bmss.com/people/amanda-boyington/) - Review the professional biography of Amanda Boyington CPA, Senior Manager, focused on providing business and estate tax planning - Ridgeland CPA.
- [Alex Boyd](https://www.bmss.com/people/alex-boyd/) - Review the professional biography of Alex Boyd, CPA, Senior Manager, focused on providing nonprofit accounting services and more - Ridgeland CPA Firm.
- [Heather Chappelle](https://www.bmss.com/people/heather-chappelle/) - Heather joined BMSS in 2018. As Director of Human Resources, Heather develops and implements strategic recruiting and human resources plans for the firm’s expanding footprint throughout Alabama. Heather is best described as graciously persistent. Heather currently resides in Selma with her husband and their three children. In her free time, Heather enjoys going to coffee
- [Todd Rhodus](https://www.bmss.com/people/todd-rhodus/) - Review the professional biography of Todd Rhodus CPA, Senior Manager, focused on providing assurance services including Single Audits to nonprofits.
- [Walter Lee](https://www.bmss.com/people/walter-lee/) - Review the professional biography of Walter Lee, CPA, Member, focused on providing tax planning and consulting services - Ridgeland CPA Firm.
- [Domina Kaler](https://www.bmss.com/people/domina-cox-kaler/) - Review the professional biography of Domina Kaler CPA, Senior Audit Manager, providing various assurance solutions including retirement plan audit.
- [Tricia L. Griffing](https://www.bmss.com/people/tricia-l-griffing/) - Review the professional biography of Tricia Griffing, CPA, Principal, focused on managing tax compliance and planning - Ridgeland CPA.
- [Mike Gladney](https://www.bmss.com/people/mike-gladney/) - Review the professional biography of Mike Gladney, CPA, member of the firm's Executive Committee and involved in the firm leadership - Ridgeland CPA Firm.
- [Virginia Morris](https://www.bmss.com/people/virginia-morris/) - Review the professional biography of Virginia Morris, CPA, Senior Tax Manager, focused on providing trust tax compliance and estate tax planning.
- [Aaron Cooper](https://www.bmss.com/people/aaron-cooper/) - Review the professional biography of Aaron Cooper, CPA, focused on providing government and non profit organizations - Ridgeland CPA.
- [Charles R. Byram](https://www.bmss.com/people/charles-r-byram/) - Review the professional biography of Charles Byram, CPA, Principal, focused on providing assistance with international accounting and transaction advisory.
- [Rachel Bowers](https://www.bmss.com/people/rachel-bowers/) - Review the professional biography of Rachel Bowers CPA, Audit Senior Manager, focused on providing financial statement audits - Huntsville CPA
- [Cherion Sibley](https://www.bmss.com/people/cherion-sibley/) - Review the professional biography of Cherion Sibley, CPA, Tax Practice Leader, focused on estate and trust and other tax planning needs - Birmingham CPA.
- [Wendy Lacey](https://www.bmss.com/people/wendy-lacey/) - Review the professional biography of Wendy Lacey, CPA, Member, focused on providing state and local tax compliance and consulting - Birmingham CPA Firm.
- [Joseph Zieman](https://www.bmss.com/people/joseph-zieman/) - Review the professional biography of Joseph Zieman CPA, Senior Manager, focused on assisting with ASC 740 tax provisions and more - Birmingham CPA
- [Trae Zablan](https://www.bmss.com/people/trae-zablan/) - Trae joined BMSS in 2017. Prior to joining BMSS, he worked for two CPA firms, performing tax and audit work. His primary duties at BMSS include leading the financial statement due diligence practice, which focuses on both buy-side and sell-side quality of earnings engagements, and advising clients throughout the transaction process. Described as hard-working and
- [Jennifer Yazbak](https://www.bmss.com/people/jennifer-yazbak/) - Review the professional biography of Jennifer Yazbak, CPA, Senior Manager, focused on providing high net worth tax planning and compliance - Gadsden CPA firm.
- [Mark Wesson](https://www.bmss.com/people/mark-wesson/) - Mark is the CEO of EverSource Wealth Advisors and BMSS Wesson Wealth Solutions, fee-only Registered Investment Advisory firms. In 2011, he created the Wealth Services Division of Cadence Bank as EVP of Wealth Services with full responsibility for the private banking, trust, brokerage, and RIA lines of business with $6.2B in loans, deposits, and assets
- [Mark Waters](https://www.bmss.com/people/mark-waters/) - Review the professional biography of Mark Water, Senior Manager, serving as the firm's Professional EOS Implementer® - Birmingham CPA Firm.
- [Stephen Von Hagel](https://www.bmss.com/people/stephen-von-hagel/) - Review the professional biography of Stephen Von Hagel CPA, Member, focused on providing outsourced controller and audit services - Birmingham CPA
- [AJ VanderWoude](https://www.bmss.com/people/aj-vanderwoude/) - Review the professional biography of AJ VanderWoude CPA, Audit Senior Manager, focused on providing audit services to construction companies and other industries.
- [Mark Underhill](https://www.bmss.com/people/mark-underhill/) - Review the professional biography of Mark Underhill, CPA, focused on managing the firm's transaction advisory practice - Birmingham CPA Firm.
- [Joanna Teter](https://www.bmss.com/people/joanna-teter/) - Review the professional biography of Joanna Teter, CPA, Senior Tax Manager, focused on providing tax compliance and planning services - Huntsville CPA.
- [Caryn Stark](https://www.bmss.com/people/caryn-stark/) - Review the professional biography of Caryn Starck, CPA, Member, focused on providing accounting, tax, and other services - Gadsden CPA
- [Amy Stapler](https://www.bmss.com/people/amy-stapler/) - Review the professional biography of Amy Stapler, CPA, Member, focused on providing business tax consulting services to companies - Huntsville CPA Firm.
- [Leslie Sinclair](https://www.bmss.com/people/leslie-sinclair/) - Review the professional biography of Leslie Sinclair, Senior Manager, focused on deliver outsourced accounting and client accounting solutions - Jackson CPA.
- [Whitney Setnicky](https://www.bmss.com/people/whitney-setnicky/) - Review the professional biography of Whitney Setnicky CPA, Senior Manager, focused on providing assistance to nonprofit organizations - Huntsville CPA Firm.
- [Stan Roberts](https://www.bmss.com/people/stan-roberts/) - Review the professional biography of Stan Roberts, CPA, Senior Manager, focused on serving the needs of manufacturing and distribution companies - Mobile CPA.
- [Tyler Roberts](https://www.bmss.com/people/tyler-roberts/) - Review the professional biography of Tyler Roberts, CPA, focused on providing services to construction companies and nonprofits - Birmingham CPA.
- [Myra Roberts](https://www.bmss.com/people/myra-roberts/) - Review the professional biography of Myra Roberts, CPA, focused on providing international tax planning and succession planning services - Birmingham CPA.
- [Emily Riles](https://www.bmss.com/people/emily-riles/) - Review the professional biography of Emily Riles CPA, Manager focused on providing financial statement audits - Birmingham CPA Firm.
- [Kayla Phillips](https://www.bmss.com/people/kayla-phillips/) - Review the professional biography of Kayla Phillips, CPA, Senior Manager, focused on providing accounting and audit services to government accounting.
- [Steve Platau](https://www.bmss.com/people/steve-platau/) - Steve Platau is the firm’s scholar in residence and advises BMSS leadership on assurance, tax and risk management issues that can be used for the benefit of current and future BMSS clients. Steve has been an esteemed professor of accounting for The University of Tampa since 1984 and is a nationally recognized speaker and risk
- [Amanda Queen](https://www.bmss.com/people/amanda-queen/) - Review the professional biography of Amanda Queen, Senior Manager, focused on providing outsourced accounting solutions - Ridgeland CPA Firm.
- [Liza Randall](https://www.bmss.com/people/liza-randall/) - Review the professional biography of Liz Randall, CPA, Senior Manager, estate and trust tax and other tax type planning - Ridgeland CPA Firm.
- [Steven Nobles](https://www.bmss.com/people/steven-nobles/) - Review the professional biography of Steven Nobles CPA, Senior Tax Manager, focused on planning and compliance for corporations and businesses - Mobile CPA.
- [Ross Mendheim](https://www.bmss.com/people/ross-mendheim/) - Review the professional biography of Ross Mendheim CPA, Member and leader of the firm's real estate practice - Birmingham CPA Firm.
- [Maura McDevitt](https://www.bmss.com/people/maura-mcdevitt/) - Review the professional biography of Maura McDevitt CPA, Member, focused on providing accounting services to construction and other companies - Ridgeland CPA.
- [Todd Martin](https://www.bmss.com/people/todd-martin/) - Review the professional biography of Todd Martin, CPA, Senior Manager - Tax, focused on providing high net worth tax planning services - Mobile CPA Firm.
- [Lisa Martin](https://www.bmss.com/people/lisa-martin/) - Review the professional biography of Lisa Martin, CPA, Audit Senior Manager, providing audit and assurance services to companies - Ridgeland CPA.
- [Tracy Mann](https://www.bmss.com/people/tracy-mann/) - Review the professional biography of Tracy Mann, Senior Manager, focused on providing outsourced accounting and client accounting services.
- [Bill Lorimer](https://www.bmss.com/people/bill-lorimer/) - Review the professional biography of Bill Lorimer CPA, Member, focused on providing multi-state tax planning and compliance for companies - Birmingham CPA
- [Christian Lopez](https://www.bmss.com/people/christian-lopez-cpa/) - Review the professional biography of Christian Lopez, Audit Senior Manager, focused on providing audit services including retirement plan audits - Birmingham CPA.
- [Jake Bechert](https://www.bmss.com/people/jake-bechert/) - Review the professional biography of Jake Bechert, CPA, Senior Manager, focused on providing benefit plan audits and nonprofit audits - Birmingham CPA Firm.
- [Greg Barnes](https://www.bmss.com/people/greg-barnes/) - Review the professional biography of Greg Barnes, CPA, Member, focused on providing multi-state tax compliance and planning services - Huntsville CPA.
- [Ashley Barnes](https://www.bmss.com/people/ashley-barnes/) - Review the professional biography of Ashley Barnes CPA, JD, focused on providing estate and trust tax compliance and consulting - Huntsville CPA Firm.
- [Cindy Anderson](https://www.bmss.com/people/cindy-anderson/) - Review the professional biography of Cindy Anderson, CPA, Member, focused on providing tax compliance, planning and consulting services.
- [Tom Albright](https://www.bmss.com/people/tom-albright/) - Review the professional biography of Tom Albright, CPA, Member, focused on providing tax and accounting services to small businesses - Huntsville CPA Firm.
- [Jonathan Adcock](https://www.bmss.com/people/jonathan-adcock/) - Review the professional biography of Jonathan Adcock CPA, Senior Tax Manager, focused on providing corporate, individual and estate tax planning- Ridgeland CPA.
- [Rebecca Kitchen](https://www.bmss.com/people/rebecca-kitchen/) - Review the professional biography of Rebecca Kitchens, CPA, focused on providing individual and corporate tax planning - Birmingham CPA Firm.
- [Brian Jackson](https://www.bmss.com/people/brian-jackson/) - As President and COO at Abacus Technologies, Brian Jackson oversees all executive decisions and operations of the company, along with developing and providing client solutions. He initially started his career in technology by implementing accounting systems, business intelligence solutions, and system integrations. Now, he leverages his experience to help clients implement and support business applications,
- [Amanda Hunt](https://www.bmss.com/people/amanda-hunt/) - Amanda joined the Huntsville office in 2016 and currently serves as a senior manager in the tax department, with a focus primarily on individual and business tax compliance, planning, and consulting Amanda lives in Huntsville with her husband Mark, daughter Annabelle and dog Biscuit. When Amanda is not working, she enjoys spending time with family,
- [Amanda Houston](https://www.bmss.com/people/amanda-houston/) - Review the professional biography of Amanda Houston, CPA, Senior Manager, focused on providing tax planning, compliance and consulting - Gadsden CPA
- [Dalton Hopper, CFE, CVA, ABV](https://www.bmss.com/people/dalton-hopper/) - Review the professional biography of Dalton Hopper, CFE, Senior Manager, focused on providing business valuation and forensic accounting services.
- [Katie Hoggatt](https://www.bmss.com/people/katie-hoggatt/) - Review the professional biography of Katie Hoggatt, CPA, Principal, focused on providing tax compliance and consulting for high net worth individuals.
- [Jason M. Harkins](https://www.bmss.com/people/jason-m-harkins/) - Review the professional biography of Jason Harkins, Managing Member of our Payroll and Benefits Solutions provider - Birmingham CPA Firm.
- [Laura Hanks](https://www.bmss.com/people/laura-hanks/) - Review the professional biography of Laura Hanks, CPA, Member, focused on providing individual and business tax services - Huntsville CPA Firm.
- [Scott Stevens](https://www.bmss.com/people/scott-stevens/) - Review the professional biography of Scott Stevens, CPA, Member focused on providing assurance services to credit unions - Birmingham CPA.
- [Phillip Rivers](https://www.bmss.com/people/phillip-rivers/) - Review the professional biography of Phillip Rivers, CPA, Member, focused on providing services to real estate, healthcare and financial services - Mobile CPA.
- [John Shank](https://www.bmss.com/people/john-shank/) - Review the professional biography of John Shank CPA, Chief Practice Officer and Member of the Firm's Executive Committee - Birmingham CPA Firm.
- [Todd Hindsman](https://www.bmss.com/people/todd-hindsman/) - Review the professional biography of Todd Hindsman, Chief Operating Officer, focused on managing the firm's operational activities - Gadsden CPA
- [Jennifer Hilliard](https://www.bmss.com/people/jennifer-hilliard/) - Review the professional biography of Jennifer Hilliard, CPA, Member, focused on providing employee benefit plan audits - Ridgeland CPA Firm.
- [Don Murphy](https://www.bmss.com/people/don-murphy/) - Don is a Founding Member of BMSS and is the firm’s current Managing Member. Apart from managing the firm, Don performs audit and accounting, tax planning and consulting services for clients primarily in construction, manufacturing and distribution, transportation, entertainment and closely held companies. Outside of his client responsibilities, Don is responsible for coordinating all aspects
- [Jon Hall](https://www.bmss.com/people/jon-hall/) - Review the professional biography of Jon Hall, CPA, Executive Member focused on providing assistance with government contractor accounting - Huntsville CPA.
- [Scott Garrison](https://www.bmss.com/people/scott-garrison/) - Review the professional biogrpahy of Scott Garrison, CPA, serves as the firm's Chief Financial Officer and Huntsville Office Managing Partner - Huntsville CPA
- [Christi Frassrand](https://www.bmss.com/people/christi-frassrand/) - Review the professional biography of Christi Frassrand, Senior Manager, focused on providing outsourced accounting and client accounting services.
- [Steven Eilders](https://www.bmss.com/people/steven-eilders/) - Review the professional biography of Steven Eilders CPA, Manager, focused on providing audit to manufacturers, dealerships and governmental agencies - Ridgeland CPA.
- [Kate Fluker](https://www.bmss.com/people/kate-fluker/) - Review the professional biography of Kate Fluker, CPA, Senior Manager, focused on assisting with multi-state tax compliance and more - Birmingham CPA
- [Alan Duncan](https://www.bmss.com/people/alan-duncan/) - Review the professional biography of Alan Duncan CPA, Senior Manager, focused on providing outsourced accounting services - Huntsville CPA Firm.
- [Donny Donald](https://www.bmss.com/people/donny-donald/) - Review the professional biography of Donny Donald, CPA, Member, focused on conducting estate and trust planning services - Birmingham CPA Firm.
- [Derrel Curry](https://www.bmss.com/people/derrel-curry/) - Review the professional biography of Derrel Curry, CPA, Member, focused on providing services to manufacturing companies and nonprofits.
- [Tyler Crawford](https://www.bmss.com/people/tyler-crawford/) - Review the professional biography of Tyler Crawford, Senior Manager, serving as the firm's Data Analytics Manager providing data management services.
- [Jaclyn Collins](https://www.bmss.com/people/jaclyn-collins/) - Review the professional biography of Jaclyn Collins, CPA, Senior Manager, focused on providing outsourced accounting services - Birmingham CPA Firm.
- [Kristi Cerice](https://www.bmss.com/people/kristi-cerice/) - Kristi joined BMSS in 2005 and has almost 30 years of experience in nearly every facet of accounting and managing. As a senior manager, she is responsible for preparing and reviewing business, estate, trust and individual income tax returns. She also supervises staff, handles IRS tax notices on behalf of clients and provides estate planning
- [Chance Cassidy](https://www.bmss.com/people/chance-cassidy/) - Chance joined the firm in 2016, after graduating from Jacksonville State University. He serves as a manager in a large variety of industries but mainly focuses on tax preparations and audits for businesses and individuals. A patient and hardworking person, Chance is willing to do anything he can for the client, citing the quote from
- [Ryan Carter](https://www.bmss.com/people/ryan-carter/) - Review the professional biography of Ryan Carter, CPA, Senior Manager, focused on providing services to manufacturing and distribution companies - Birmingham CPA
- [Matthew Capone](https://www.bmss.com/people/matthew-capone/) - Review the professional biography of Matthew Capone, CPA, Senior Manager - Tax, focused on providing tax planning and consulting services - Huntsville CPA.
- [Ashley Caldwell](https://www.bmss.com/people/ashley-caldwell/) - Review the professional biography of Ashley Caldwell, CPA, Senior Manager, focused on managing the firm's employee benefit plan audit practice - Birmingham CPA.
- [Lauren Byrd](https://www.bmss.com/people/lauren-byrd/) - Review the professional biography of Lauren Byrd, CPA, Senior Manager, focused on providing outsourced accounting solutions - Birmingham CPA.
- [Brad Brown](https://www.bmss.com/people/brad-brown/) - Review the professional biography of Brad Brown, CPA, Member, focused on providing tax planning & consulting services to businesses - Birmingham CPA Firm
- [Daniel Brock](https://www.bmss.com/people/daniel-brock/) - Daniel joined the BMSS team in 1999 and currently serves as a Member of the firm. His responsibilities include managing compilations and reviews, audits and business valuations. Additionally, Daniel assists clients in developing cash flow forecasts to aid in obtaining financing. He specializes in serving construction, manufacturing and real estate companies. Daniel credits his success
- [Kelly H. Myers](https://www.bmss.com/people/kelly-h-myers/) - Kelly Myers joined the firm in 2023 as an advisor in residence and is a tax consultant with Myers Consulting Group, LLC, based in Huntsville, Alabama. Kelly provides tax seminars, advisory, and controversy services to clients which include individuals, businesses, and accounting firms. He spent over 30 years with the Internal Revenue Service until 2017,

## Services

- [AI Advisory Services](https://www.bmss.com/service/business-advisory-consulting/ai-advisory-services/)
- [Client Accounting](https://www.bmss.com/service/business-advisory-consulting/client-accounting-services/)
- [Transaction Advisory](https://www.bmss.com/service/business-advisory-consulting/transaction-advisory-services/) - Find out more about the transaction advisory services offered to businesses including exit and succession planning - Birmingham CPA.
- [Continuing Professional Education (CPE)](https://www.bmss.com/service/business-advisory-consulting/continuing-professional-education-cpe/) - Find out more about the continuing professional education (CPE) courses that are available through the firm for others at all levels - Birmingham CPA.
- [State & Local Tax](https://www.bmss.com/service/tax/state-local-taxes/) - Find out more about the state and local tax services offered to companies including multi-state tax compliance and sales and use tax planning.
- [Technology & Data](https://www.bmss.com/service/technology-data/) - Find out more about the Managed IT, cybersecurity, and other outsourced IT services offered through our affiliate Abacus Technologies.
- [Payroll & Benefits](https://www.bmss.com/service/payroll-benefits/) - Find out more about the outsourced payroll and benefits administration services offered through our affiliate Payroll & Benefits Solution.
- [Tax](https://www.bmss.com/service/tax/) - Find out more about the tax compliance services offered to individuals and companies including state and local tax or estates & Trusts.
- [Individuals](https://www.bmss.com/service/tax/individuals/) - Find out more about the individual tax services offered to the high net worth including assistance with estate & trust planning and international tax.
- [Business Restructuring & Turnaround](https://www.bmss.com/service/business-advisory-consulting/business-restructuring-turnaround/) - Find out more about the business restructuring and turnaround solutions including bankruptcy collateral verification and more - Mobile CPA
- [Wealth Management](https://www.bmss.com/service/wealth-management/) - Find out more about the wealth management services offered to companies and high net worth individuals including financial planning - wealth advisors.
- [System & Organization Controls (SOC)](https://www.bmss.com/service/business-advisory-consulting/system-organization-controls-soc/) - Learn about the System & Organization Controls (SOC) examinations offered to companies including SOC 1 reports, SOC 2 reports and more - Birmingham CPA.
- [Businesses](https://www.bmss.com/service/tax/businesses/) - Learn about the various tax and consulting services offered to businesses including tax consulting, planning and transaction advisory services.
- [System & Organization Controls (SOC)](https://www.bmss.com/service/accounting-auditing/service-organization-control/) - Find out more about the System & Organization Controls (SOC) reports including SOC 1 and SOC 2 examinations including SOC 3 reports.
- [Human Resources](https://www.bmss.com/service/business-advisory-consulting/hr-advisory-services/) - Find out more about the human resources consulting services offered to companies including employee training and employee handbooks.
- [Forensics](https://www.bmss.com/service/business-advisory-consulting/forensic-services/) - Find out more about the forensic accounting services offered to companies including assistance of fraud prevention and asset tracing.
- [Peer Review](https://www.bmss.com/service/accounting-auditing/peer-review/) - Find out more about the peer review services offered including firm annual inspections and engagement reviews - Birmingham CPA Firm.
- [Financial Reporting](https://www.bmss.com/service/accounting-auditing/) - Find out more about the financial reporting services offered to companies including SOC reports, peer reviews and financial statement audits.
- [Business Advisory](https://www.bmss.com/service/business-advisory-consulting/) - Learn about the various advisory services offered to companies including business restructuring and turnaround, outsourced accounting, and more - Birmingham CPA.
- [CFO/Controller Advisory Services](https://www.bmss.com/service/business-advisory-consulting/cfo-controller-advisory-services/) - Learn about the outsourced CFO and Controller services offered to companies including assistance with high level financing such as capital acquisition.
- [Assurance](https://www.bmss.com/service/accounting-auditing/assurance/) - Learn about the assurance services offered to companies including financial statement audit, reviews, and compilations - Birmingham CPA firm.
- [Estates & Trusts](https://www.bmss.com/service/tax/estates-trusts/) - Learn about the estate and trust services offered to high net worth individuals including the role of philanthropic gift planning and asset protection planning
- [Employee Benefit Plan (EBP)](https://www.bmss.com/service/accounting-auditing/employee-benefit-plan-audits/) - Learn about the employee benefit plan audit services offered to plan sponsors including 401k, 403b and defined benefit plans - 401k Audit.
- [Valuations](https://www.bmss.com/service/business-advisory-consulting/valuation-services/) - Find out more about the business valuation services offered to companies during the transaction process and for many other reasons - Business Appraisals.
- [Entrepreneurial Operating System® (EOS)](https://www.bmss.com/service/business-advisory-consulting/entrepreneurial-operating-system/)
- [Systems Support](https://www.bmss.com/service/government-contracting/systems-support/)
- [Policies & Procedures](https://www.bmss.com/service/government-contracting/policies-procedures/)
- [DCAA Support](https://www.bmss.com/service/government-contracting/dcaa-support/)
- [Contract Administration Advisory](https://www.bmss.com/service/government-contracting/contract-administration-advisory/)
- [Government Contracting](https://www.bmss.com/service/government-contracting/)
- [Client 361](https://www.bmss.com/service/business-advisory-consulting/client-361/)

## Industries

- [Government Contracting](https://www.bmss.com/industry/government-contracting/) - Learn more about our government contracting industry expertise including services offered including DCAA support and Contract Administration Advisory
- [Financial Services & Institutions](https://www.bmss.com/industry/financial-institutions/) - Callahan & Associates recognized BMSS as the #1 Credit Union Audit Firm by Market Share in Alabama!
- [Real Estate](https://www.bmss.com/industry/real-estate/) - Find out more about the real estate accounting services offered including assistance with valuations and state and local tax compliance.
- [Oil & Gas](https://www.bmss.com/industry/oil-gas/) - Find out more about the firm's experience serving companies in the oil & gas industry including assistance with state and local tax issues - Mobile CPA.
- [Nonprofits](https://www.bmss.com/industry/nonprofit/) - Learn about the nonprofit accounting services offered to tax exempt organizations including OMB A-133 single audits - Nonprofit CPA Firm.
- [Film & Entertainment](https://www.bmss.com/industry/film-entertainment/) - Find out more about the services offered to film and entertainment companies including state film audits and agreed upon procedures - Birmingham CPA
- [Technology & Software](https://www.bmss.com/industry/technology-software/) - Find out more about the tax, audit, accounting, and consulting services offered to companies in the technology and software solutions industry.
- [Private Equity & Venture Capital](https://www.bmss.com/industry/private-equity-venture-capital/) - Find out more about the audit, tax, financial reporting, consulting and accounting services offered to private equity owned companies and funds.
- [Consumer Business](https://www.bmss.com/industry/consumer-business/) - Find out more about the audit, advisory, tax, and consulting services offered to consumer businesses including valuations and cost segregation studies.
- [Government & Municipalities](https://www.bmss.com/industry/government-municipalities/) - Find out more about the governmental accounting and audit services including FAR Audits, Single Audits, fraud prevention and internal control services
- [Healthcare](https://www.bmss.com/industry/healthcare/) - Find out more about the accounting, tax, audit and consulting services offered to healthcare and medical practices including tax consulting.
- [Manufacturing & Distribution](https://www.bmss.com/industry/manufacturing-distribution/) - Find out more about the services offered to manufacturing and distribution companies including inventory observation and financial reporting.
- [Professional Services](https://www.bmss.com/industry/professional-services/) - Find out more about the services offered to professional service companies including assistance with estates and trusts and benefit plan audits.
- [Construction](https://www.bmss.com/industry/construction/) - Find out more about the audit, tax, consulting, and accounting services offered to construction companies and contractors including SALT - Construction CPA.