BREAKING NEWS

BMF Announces New Governance Structure

We are excited to announce a new governance structure for our firm, which will continue to strengthen our overarching strategic objective to remain independent while providing the high-quality, proactive service you expect and deserve.

Articles & Publications

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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 >>

SBA Releases 23 New FAQs to Address PPP Loan Forgiveness

On Tuesday, August 4, 2020, The U.S. Small Business Administration (SBA), in consultation with Treasury, issued 23 frequently asked questions to help provide additional guidance around forgiveness of Paycheck Protection Program loans. The FAQs address four areas of PPP. Read More >>

Ohio’s 2020 Sales Tax Holiday for Back-to-School Shopping is Aug 7-9

The Ohio Department of Taxation announced that the 2020 Sales Tax Holiday will start on Friday, August 7, 2020 and end on Sunday, August 9, 2020 at midnight. During the holiday, the following items will be exempt from tax:. Read More >>