BREAKING NEWS

BMF Akron Office Closure Beginning May 1

Beginning May 1, our Akron Office will be closed to the public for renovations but will remain available to assist you. Contact your BMF Advisor or call 330.762.9785 to speak with someone who can help. We anticipate renovations taking several weeks, so stay tuned for updates!

Articles & Publications

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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 >>

Paycheck Protection Program: Potentially Adding $300+ Billion to Support Small Businesses

As part of the $2.2 trillion coronavirus stimulus package, known as the CARES Act, $349 billion was initially allocated to small businesses as loans. Administered through the Small Business Administration, the Paycheck Protection Plan (PPP) provided small businesses with. Read More >>

Ohio Employers to Receive Dividend from Bureau of Workers’ Compensation

Some good news for Ohio businesses. To help Ohio’s economy and business community withstand COVID-19’s challenges, which include temporary business closings, stay-at-home orders, and the record number of unemployment assistance, the Ohio Bureau of Workers’ Compensation’s Board of Directors. Read More >>

IRS Broadens Tax Filing and Payment Relief, Refund Guidance Coming Soon

Previous tax return and payment relief were centered around income tax filings due by April 15, 2020. This newest relief applies to all taxpayers that have a filing or payment, specified in this notice, with a due date falling. Read More >>

SBA Modifies Paycheck Protection Program Guidelines

Late on April 2nd, the SBA released its playbook for issuance of loans under the Paycheck Protection Program (PPP) on the Federal Register in the form of an “Interim Final Rule.” This means that banks are now authorized to. Read More >>

Treasury Modifies SBA Loan Regulations

Under the coronavirus relief package, nearly $350 billion was allocated to the Small Business Paycheck Protection Program to help businesses with 500 or fewer employees with loans of up to $10 million. The loans will be forgiven if businesses. Read More >>

Ohio Governor DeWine Signs COVID-19 Related Legislation

On March 27, 2020, Ohio Governor Mike DeWine signed into law Ohio House Bill 197 (HB 197), which provides emergency relief to Ohioans during the COVID-19 pandemic. This legislation includes several tax provisions for individuals and businesses. To align. Read More >>

CARES Act: Federal Coronavirus Emergency Relief Package in Response to COVID-19

Relief is coming. Following supplemental funding for government agencies and individual-focused legislation, the President is expected to sign Phase III legislation in the CARES Act after it clears the House in response to the COVID-19 crisis. The Act is. Read More >>

State Agencies Issue Financial Relief to Ohio Businesses and Workers in Response to COVID-19

The Ohio Bureau of Worker’s Compensation, The Ohio Department of Insurance and The Ohio Department of Labor have issued orders and additional guidance on insurance premiums and FMLA requirements for employers and employees in light of the COVID-19 impact.. Read More >>

In Response to COVID-19: House & Senate Approve $2 Trillion Economic Rescue Package; Tax Extensions Clarified

In an effort to rush sweeping aid to businesses and workers, lawmakers reached agreement on another relief bill that includes several economic incentives, as well as additional tax relief provisions. The details of the $2 trillion stimulus package are. Read More >>