Articles & Publications

This holiday season will continue to be unlike any other, and while many traditions will look different, we remain grateful. GRATEFUL for your flexibility with embracing new avenues of communication. GRATEFUL for the health and safety of our families,. Read More >>

We previously reported back in May that the IRS issued Notice 2020-32, stating that expenses related to forgiven Paycheck Protection Program (PPP) loans would not be deductible. This created much uncertainty as to how those rules would apply under. Read More >>

We previously reported that the Small Business Administration (SBA) issued a draft on October 26 to begin asking Paycheck Protection Program (PPP) lenders to issue “Loan Necessity Questionnaires” to borrowers that received $2 million or more in funds from. Read More >>

BMF has been recognized as a “2020 Best of the Best Firm” by INSIDE Public Accounting! We are excited to announce the following additions and accomplishments of our professional staff. Evan Baschko, MSA, returns to our Akron office as. Read More >>

While forgiveness may be simplified for PPP loan borrowers of $50K or less, things may not be so simple for borrowers in excess of $2M. As we reported last week, the Small Business Administration (SBA) is expected to issue. Read More >>

see article in Crain’s Cleveland Business ACCOUNTING FOR THE FUTURE: Richard Fedorovich Moves to Executive Chair Role; Executive Committee to Assume Day-To-Day Operations Richard C. Fedorovich, CEO and Managing Partner since 1996 of Bober Markey Fedorovich (BMF), a national. Read More >>

It’s been more than two years since the Tax Cuts and Jobs Act of 2017 was passed with stricter limitations on business meals and entertainment expenses. Our previous advisor from November 2018 noted the confusion with respect to separating. Read More >>

On October 26, 2020, the Small Business Administration (“SBA”) posted a notice stating that it intends to release two new forms relating to the infamous FAQ #31 relating to borrowers’ good faith certifications that “[c]urrent economic uncertainty makes this. Read More >>

This week, the IRS announced the 2021 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2021 social security wage base will be $142,800, which reflects a. Read More >>

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 >>