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.

Articles & Publications

Paycheck Protection Program: SBA Issues Interim Final Rules on Loan Forgiveness

Late Friday night, the Treasury and the Small Business Administration (SBA) issued 26 pages of new guidance on the Paycheck Protection Program (PPP) forgiveness rules that were issued on May 22. These new Interim Final Rules build upon what. Read More >>

Opportunities and Implications of the Business Law & Tax Changes in Response to COVID-19

Tod Wagner discusses tax planning in the current environment, including tax law changes and extensions in response to COVID-19. Read More >>

Paycheck Protection Program: Top 10 Questions

Dale Ruther covers the top 10 questions (and answers) we hear most with the Paycheck Protection Program loans. When is the loan forgiveness period? How do we calculate full-time employees? How does the safe harbor calculation work? What payroll. Read More >>

Paycheck Protection Program: Past, Present & Future

Dale Ruther breaks down the Paycheck Protection Program into three parts: Where we’ve been, where we’re at now, and where we are going. Read More >>

Employee Benefits: The Implications of the New Laws in Response to COVID-19 / Coronavirus

Jim Merklin discusses how businesses’ and individuals’ benefit plans are being impacted by the SECURE Act AND CARES Act, which was put in place as a result of COVID-19.   Read More >>

SBA Releases PPP Loan Forgiveness Application & Instructions

On Friday, May 15th the SBA released the PPP loan forgiveness application and instructions. These instructions do provide insight into the direction that SBA is moving with this process; however, this is not the long-awaited forgiveness regulation. Regulations will soon be. Read More >>

SBA Issues Guidance and Safe Harbor on “Good Faith” Certification

There has been a lot of discussions (and news coverage) around businesses with access to liquidity receiving Paycheck Protection Program (PPP) loans. SBA has been addressing these questions in their Paycheck Protection Program Frequently Asked Questions (albeit not very. Read More >>

Benefit Plan Relief for Plan Sponsors and Participants

The Coronavirus Aid, Relief and Economic Security (CARES) Act and The SECURE Act include several retirement plan provisions benefiting plan sponsors and participants and their families. The IRS recently issued guidance in the form of a Q&A relating to. Read More >>

Coming Back Safe and Strong

To Our Valued Clients and Friends, It’s a different feeling living within the restrictions of COVID-19. This new environment has been difficult for all of us, but it seems trivial in comparison to what those who have experienced COVID-19. Read More >>

Paycheck Protection Program: Taxability of Loan Forgiveness

On April 30, 2020, the IRS released additional guidance in Notice 2020-32 regarding the tax treatment of amounts forgiven under the Paycheck Protection Program (PPP) loans, which are a key part of the CARES Act. According to this new. Read More >>