BREAKING NEWS

Mindy Marsden Named Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Mindy Marsden!

Articles & Publications

All Posts

Restaurant Revitalization Fund: SBA to Open Registration April 30

Yesterday, the SBA announced that applications will be opened beginning Friday, April 30, 2021. Registration for the program will open at 9 a.m. EST on April 30, with the doors opening for application submissions starting at noon EST on. Read More >>

Business Meals: IRS Clarifies Definition of Restaurants for Deductible Meals

The Taxpayer Certainty and Disaster Relief Act of 2020 increased the business meal deduction for food or beverages provided by a restaurant to 100% for years 2021 and 2022. But there was some confusion surrounding what a restaurant is. Read More >>

COVID-19 VACCINE: TAX CREDIT FOR PAID LEAVE

Last week, President Biden announced that leave taken by employees to receive or recover from the COVID-19 vaccination between April 1, 2021, and September 30, 2021, may qualify for a payroll tax credit under the American Rescue Plan Act. Read More >>

Restaurant Revitalization Fund: Grant Opportunities Available Soon

As we’ve now surpassed the one-year mark since the global pandemic first began, it’s hard to deny that the restaurant industry has been one of the hardest-hit sectors during this time. The Restaurant Revitalization Fund (RRF) relief program was. Read More >>

Paycheck Protection Program: Moving from Application to Forgiveness

Since the pandemic began, we have been monitoring and reporting on the Paycheck Protection Program (PPP), as well as all of the guidance and modifications resulting from several acts of Congress. With nearly four million PPP loans already approved,. Read More >>

Employee Retention Credit – More Guidance Issued for Q1 & Q2 Credits

In December, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act) modified the Employee Retention Credit (ERC) and extended the period to the first and second quarter of 2021. Then in the American Rescue Plan Act. Read More >>

IRS Issues Guidance Around Extended Tax Filing Deadline

On March 17 the IRS announced an automatic postponement of the tax filing deadline from April 15 to May 17 “to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities.”. Read More >>

Paycheck Protection Program Application Deadline Extended 60 Days

After sailing through the U.S. House of Representatives, the U.S. Senate approved the extension of the filing deadline for Paycheck Protection Program (PPP) applications by 60 days and provides an additional 30 days for the U.S. Small Business Administration. Read More >>

Staff Highlights – Winter/Spring 2021

March 23, 2021 BMF InsightsMeet Our Team BMF

Regional Leader BMF has again been included on the list of 2021 Top Firms in the Great Lakes Region by Accounting Today, the premier publication of the CPA profession. We are now BMF.CPA! Our website and email addresses have changed.. Read More >>

BMF Named a 2021 Great Lakes Regional Leader by Accounting Today

Accounting Today, the premier publication of the certified public accounting industry has again included BMF on the list of 2021 Top Firms in the Great Lakes region – an area that includes the states of Illinois, Indiana, Michigan, Wisconsin. Read More >>