BREAKING NEWS

BMF Named a Best of the Best Firm by IPA

We are excited to announce that we have named to the 2020 Best of the Best Firms list by INSIDE Public Accounting, an award-winning newsletter for the accounting profession.

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Forgiveness Simplified for PPP Loans of $50K or Less

As U.S. taxpayers anxiously await potential movement on a new stimulus package, the Small Business Administration (SBA) and Treasury Department released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This effort aims. Read More >>

You’re in good hands

September 15, 2020 BMF InsightsBreaking News and Alerts BMF

For more than 60 years, our focus has always been on providing our clients, friends and community with the service and leadership essential for the continued success of their business, as well as to strengthen the fabric of our. Read More >>

Payroll Tax Holiday – Friend or Foe?

Remember the payroll tax deferral for employers we talked about a few months ago? In early August, President Trump signed a few executive orders to help people who are struggling financially, including payroll deferrals for employees. The Order says. Read More >>

BMF Named a 2020 Best of the Best Firm by INSIDE Public Accounting

We are excited to announce that we have named to the 2020 Best of the Best Firms list by INSIDE Public Accounting (IPA), an award-winning newsletter for the public accounting profession. These top performers within the profession are ranked. Read More >>

Keith Libman Receives 2020 Gries Family Award for Community Leadership

We are pleased to announce that Keith J. Libman, CPA, has received the 2020 Gries Family Award for Community Leadership by the Jewish Federation of Cleveland. This prestigious award is presented annually to an outstanding leader who has made. Read More >>

IRS Delays and Other Issues on 2019 Tax Filings

The Internal Revenue Service (IRS) has been experiencing several delays and other issues in connection with processing tax returns and payments. Below we’ve highlighted guidance around some of the more common items that our clients are experiencing related to. Read More >>

SBA and Treasury Address Owner-Employee Compensation and Rental Expenses in Latest PPP Guidance

Following on the heels of the U.S. Small Business Administration (SBA) and Treasury’s recent issuance of 23 new FAQs addressing Paycheck Protection Program (PPP) loan forgiveness, additional guidance has been issued related to owner-employee compensation and the eligibility of. Read More >>

New Rules for Required Minimum Distributions

There have been several changes to Required Minimum Distribution (RMD) rules this past year. When the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed last December, it changed the age limit for RMDs from age 70 ½. Read More >>

PPP Forgiveness Applications – Should You Act Now or Wait?

Recently, the Small Business Administration (SBA) opened its portal for accepting forgiveness applications under the Paycheck Protection Program (PPP) . Over the next few weeks, banks will be preparing to start accepting forgiveness applications, although some lenders may wait. Read More >>

BMF Recognized AS A 2020 Top 200 Firm by INSIDE Public Accounting

For the second consecutive year, we have been recognized by INSIDE Public Accounting (IPA), based on the 2020 annual IPA Survey and Analysis of Firms, as a Top 200 Accounting Firm in the nation! The IPA’s annual rankings of. Read More >>