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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FASB Grants One-Year Delay on Revenue Recognition, Lease Standards Implementation

In response to COVID-19, the Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that allows for a one-year effective date deferral for certain private companies and nonprofits that haven’t yet adopted the revenue recognition and. Read More >>

Senate Passes House Bill to Loosen Paycheck Protection Program Forgiveness

As we reported last week, the U.S. House of Representatives approved the Paycheck Protection Flexibility Act to help ease loan spending and forgiveness requirements for small businesses under the new Paycheck Protection Program. Last night, the U.S. Senate passed. Read More >>

House Passes Bill to Ease PPP Loan Spending and Forgiveness Requirements

(June 4, 2020) *UPDATE: Senate Passes House Bill – read article On Thursday, May 28, 2020, the U.S. House of Representatives approved the Paycheck Protection Flexibility Act, H.R. 7010, to help ease loan forgiveness requirements for small businesses under. Read More >>

Partial Plan Terminations – How Does This Affect My Business?

Because of the current economic uncertainty due to COVID-19, some businesses have had to lay off considerable portions of their workforce, many with the hope of rehiring the individuals sometime down the road. Whether these layoffs are temporary or. Read More >>

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 >>