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President Trump Signs Coronavirus Emergency Aid Package, IRS Issues Guidance on Tax Payment Extension

President Trump signed the latest coronavirus aid package into law Wednesday evening to provide relief amidst the coronavirus pandemic. The new law modifies and expands on the bill passed by the House on March 14th. This comes after receiving. Read More >>

Treasury Delays Tax Payments by 90 Days, Filing Deadline Currently Unchanged

On Tuesday, Treasury Secretary Steven Mnuchin announced that the April 15 deadline to pay taxes is being pushed back 90 days due to the coronavirus pandemic. The announcement did not include any mention of delaying the April 15 filing. 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 >>

Families First Coronavirus Response Act: Relief Benefits and Tax Deadlines

The U.S. House of Representatives has passed H.R. 6201 – Families First Coronavirus Response Act (HR6201) to provide relief to those affected by the outbreak. This bill addresses critical and vulnerable areas that may directly affect work and life,. 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 >>

BMF Named a Great Lakes Regional Leader by Accounting Today

Accounting Today, the premier publication of the certified public accounting industry, has included BMF on the list of 2020 Top Firms in the Great Lakes region, an area that includes the states of Illinois, Indiana, Michigan, Wisconsin and Ohio. The. Read More >>

2019 BMF Year in Review

Dear Clients and Friends, We’ve frequently been hearing, especially in our own accounting profession, the breathless warnings of the disruptive changes that are re-defining what we do. With all this buzz, it’s certainly easy to feel overwhelmed by the. Read More >>

BMF Named to Inside Public Accounting’s 2019 All Stars Specialized Niche Firms

We have been named to INSIDE Public Accounting’s (IPA) 2019 All-Stars Specialized Niche Firms in recognition of our firm’s significant and robust Manufacturing practice. In its January 2020 newsletter, IPA recognized those firms that derive a higher percentage of. 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 >>