BREAKING NEWS

BMF Named a 2021 Best of the Best Firm!

We have again been named to the IPA’s 2021 Best of the Best Firms list, which recognizes the highest-performing firms within the accounting profession.

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Nathan Lieb Named a 30 For the Future Award Recipient

We are excited to announce that Nathan Lieb has been selected as one of this year’s “30 For the Future” award winners by the Greater Akron Chamber! For 15 years, this program has been recognizing young professionals that have. Read More >>

BMF Announces 22 Promotions

We are excited to announce seven management promotions and 15 associate promotions across our Northeast Ohio team. Management Promotions Michael S. Bigler, CPA, to Senior Manager, Assurance and Advisory Services. Bigler serves clients in diverse industries, including manufacturing, distribution/supply. Read More >>

Staff Highlights – Summer 2021

August 24, 2021 BMF InsightsMeet Our Team BMF

Our continued efforts with developing and empowering female professionals don’t stop with the members of our firm but expand through the community. We were proud to support and connect professional women in business at our annual networking event at. Read More >>

BMF Named a 2021 Best of the Best Firm by INSIDE Public Accounting

We are excited to announce that we have been named to the 2021 Best of the Best Firms list by INSIDE Public Accounting (IPA), an award-winning newsletter for the public accounting profession. This is the second consecutive year we’ve. Read More >>

Employee Retention Credit: Calculations, Wages, PPP Forgiveness and More – Guidance for Q3 and Beyond

The IRS released Notice 2021-49 on August 4, which amplifies and clarifies guidance from the two previous Employee Retention Credit (ERC) Notices (see here, and here) and provides additional guidance on the American Rescue Plan (ARP) extension of the. Read More >>

Presentation and Disclosure of Nonprofit Nonfinancial Gifts In-Kind

In September 2020, the FASB issued Accounting Standards Update 2020-07 (“Update”), Not-for-Profit (nonprofit) Entities (Topic 958) Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, as the result of concerns regarding the lack of transparency around how a. Read More >>

SBA Speeds Up PPP Loan Forgiveness Process

The U.S. Small Business Administration (SBA) has published new guidance to simplify and speed up the forgiveness process for Paycheck Protection Program (PPP) loans of $150,000 or less. In their 29-page interim final rule (IFR), the SBA is introducing. Read More >>

Ohio 2021 Back-to-School Sales Tax Holiday is Aug 6-8

The Ohio Department of Taxation announced that the 2021 Sales Tax Holiday will start on Friday, August 6, 2021, and end on Sunday, August 8, 2021, at midnight.  During the holiday the following items will be exempt from sales and use. Read More >>

Employee Retention Credit: Have You Checked Your Eligibility Lately?

The Employee Retention Credit (ERC) under the March 2020 CARES Act encourages businesses to keep employees on their payroll. With this credit now extended through the end of 2021, the tax credit is 70% of up to $10,000 in. Read More >>

SBA Eliminates PPP Loan Necessity Questionnaire

We reported last month that the Small Business Administration (SBA) was planning to withdraw its controversial Loan Necessity Questionnaire for Paycheck Protection Program loans of $2 million or more. In a notice sent July 9, the SBA officially stated. Read More >>