Latest Articles

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August 29, 2016 

Alabama Accounting Firms to Merge Staff of 140

Himmelwright, Huguley and Boles (HHB) has provided a broad range of accounting, tax, and advisory services since 1998 to both businesses and individuals—including several specialties that now broaden BMSS’ offerings. Specifically, the firm provides a ...

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August 29, 2016 

Why Nonprofits Need Nonprofit Accounting Software

Nonprofit organizations rise and fall on their reputations. Increased requests for transparency and accountability in financial reporting coupled with donor demand that contributions be used as intended has nonprofit financial managers reviewing their ...

education fringe benefits

August 29, 2016 

Accountant Wins Case To Deduct MBA Expenses

Is the cost of the education deductible? The odds are often stacked against it, especially if you’re pursuing an advanced degree. Nevertheless, an accountant in a new Tax Court case was able write off the costs of an MBA program.

Donald Trump Income Taxes

August 29, 2016 

Democrats Push Harder to Get Trump’s Tax Information

With about two months left before the presidential election, Republican nominee Donald Trump still hasn’t made his tax returns available to the general public. And it doesn’t look like the billionaire is going to do it anytime soon or even before voters g

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August 26, 2016 

The Hidden Tax Aspects of the Gig Economy

There’s a whole new world of commerce out there that’s being called the “sharing economy” and while it might appear to be a simple exchange, it comes with a lot of tax implications. Airbnb, DogVacy, TaskRabbit and Liquid are all examples of the trend ...

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August 25, 2016 

New Guidelines for Reporting for Not-for-Profits

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that simplifies and improves how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements ...