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.

Articles & Publications

All Posts

The Changing Face of the Employee Benefit Plan Limited Scope Audit

As we noted last month, the Employee Retirement Income Security Act of 1974 (ERISA) requires that employee benefit plans with 100 or more eligible participants are required to have their financial statements audited annually, which should be attached to. Read More >>

Mindy Marsden Named Partner at BMF

Mindy S. Marsden, CFE, has been named our newest partner at BMF, effective July 1, 2021. Mindy was a Senior Manager in our Transaction Advisory Services (TAS) practice; which is a national practice serving private equity groups, strategic buyers,. Read More >>

SBA To Withdraw Paycheck Protection Program Loan Necessity Questionnaire

The American Institute of Certified Public Accountants (AICPA) yesterday reported that the Small Business Administration (SBA) plans to withdraw its highly controversial loan necessity questionnaire. Last fall the SBA published Form 3509 – Loan Necessity Questionnaire in an attempt. Read More >>

BMF Receives 2021 Best of Accounting Award for Client Service Excellence

We are enthusiastic to announce that we have been awarded the 2021 Best of Accounting Award for providing superior service to clients. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely. Read More >>

Employee Benefit Plan Audits: What It Is and When You Might Need One

Background The Employee Retirement Income Security Act of 1974 (ERISA) requires that certain companies offering employee benefit plans must have their plan audited annually. The audit reports not only on the plan’s financial standing but the process can also. Read More >>

White House Family Aid Plan: Proposed 2021 Tax Reform Highlights

During his April 28 address to a joint session of Congress, President Biden laid out The American Jobs Plan and American Families Plan (Biden Plan), a $1.8 trillion plan that places a priority on “our kids, our families and. Read More >>

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 >>