BREAKING NEWS

BMF Wins Best of Accounting® Award

We have been awarded 2021 Best of Accounting Award for providing superior client service. BMF received significantly higher satisfaction scores than the industry average.

Articles & Publications

SBA Releases 23 New FAQs to Address Paycheck Protection Program Loan Forgiveness

On Tuesday, August 4, 2020, The U.S. Small Business Administration (SBA), in consultation with Treasury, issued 23 frequently asked questions to help provide additional guidance around forgiveness of Paycheck Protection Program loans. The FAQs address four areas of PPP. Read More >>

COVID-19 Checklist: Reassessing Your Risks and Internal Controls

The global pandemic has caused nearly every business to rapidly adjust its operations to allow for remote and contact-less working environments. But during this abrupt pivot, some organizations may have adversely impacted their control environment, elevating their financial and. Read More >>

Navigating Uncertainty for Future Success, Together

I wanted to share with you some thoughts on how COVID is affecting our clients, their go-forward strategies and our own firm as well. It’s a time when we’re all starving for normalcy and certainty. Many of us are. Read More >>

Five Week Extension to Paycheck Protection Program Loan Applications

Last night, the U.S. House of Representatives joined the Senate in passing an extension for companies to apply for PPP loans. This program, which ended on June 30th, will now be extended to August 8th, when the President signs. Read More >>

SBA Issues Revised “Borrower-Friendly” Forgiveness Applications

The U.S. Small Business Administration (SBA) has issued revised forgiveness applications for loans issued through the Paycheck Protection Program (PPP). According to the Department of the Treasury (Treasury), the revisions are “borrower-friendly” and implements the PPP Flexibility Act of. Read More >>

Top Considerations for Navigating Paycheck Protection Program Loan Application, Spending and Forgiveness

RECORDED JUNE 16, 2020 Join Jim Merklin, Dale Ruther and Mindy Marsden for a moderated discussion that takes a deeper dive into the top issues resulting from the Paycheck Protection Program. This full-scoped moderated panel will discuss the impact. Read More >>

BMF COVID-19 Safety Guidelines

AKRON AND CLEVELAND OFFICE All clients and visitors to our offices must wear masks upon entering the buildings and sign-in with Reception. Clients and visitors will be asked to acknowledge and certify that: they have taken their temperature prior. Read More >>

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 Paycheck Protection Program 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 >>