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Navigating Challenging Times: Protect Your Cash Flow

Social distancing. Remote workforces. Making payroll. Information overload. Running a business isn’t easy under ordinary circumstances, let alone during the unprecedented volatile economic environment driven by the COVID-19 crisis. We need to take care of each other and that. Read More >>

SBA Offering Ohio Businesses Low-Interest Federal Disaster Loans in Response to COVID-19 Coronavirus

Ohio small businesses are now eligible for the SBA’s Economic Injury Disaster Loans. The U.S. Small Business Administration has announced it is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a. Read More >>

BMF Office Update Regarding COVID-19

To Our Valued Clients and Friends, As COVID-19 continues to spread, rattling financial markets and forcing the closure of schools and businesses, the Trump administration and Congress have begun taking steps to mitigate the impact on Americans. As this. Read More >>

In Response to COVID-19

Dear Clients and Colleagues, As the COVID-19 Coronavirus continues to dominate the headlines in the U.S. and around the world, we wanted to take this opportunity to reach out and let you know how BMF is navigating the uncertainty. Read More >>

FASB Approves Delay for 3 Accounting Standards: Leases, Credit Losses, Hedging Dates Deferred

After a unanimous vote on Wednesday, the Financial Accounting Standards Board (FASB) approved proposals to delay the effective dates for three of its major accounting standards: leases, credit losses and hedging. As we reported back in July, the FASB. Read More >>

Department of Labor Raises Pay Threshold for Exempt Workers to $35K

1.3 million American workers now eligible for overtime pay Earlier this week, the Department of Labor (DOL) issued the final overtime rule to make an additional 1.3 million American workers eligible for overtime pay. The ruling updates earning thresholds. Read More >>

Revenue Recognition Standards Implementation – Deadline and Alternate Option

The Financial Accounting Standards Board’s (FASB) new revenue recognition standards will not only affect public companies, but also many private companies whose lenders or investors require them to follow generally accepted accounting principles (GAAP). If your organization is one. Read More >>

FASB Proposes Delay on 4 Major Accounting Changes

What’s Going On The Financial Accounting Standards Board (“FASB”) recently voted on a proposal to delay the effective dates for four significant standards related to accounting for leases, credit losses, derivatives and hedging, and long-duration insurance contracts. The proposal. Read More >>

Disaster Planning: Plan for the Possible

According to the Institute for Business and Home Safety, an estimated 25% of businesses don’t reopen following a major disaster. The Federal Emergency Management Association (FEMA) paints an even bleaker picture, putting the number between 40-60%, with another 25%. Read More >>

Cash is King: Lessons Learned from Economic Downturns

When the stock market took a precipitous plunge this past December, there was immediate chatter on the possibility of sliding into another recession. It occurred to me that not only have we gone nearly ten years without a recession,. Read More >>