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!

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COVID-19 VACCINE: TAX CREDIT FOR PAID LEAVE

April 26, 2021

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. Read More

Record Retention Guidelines

March 28, 2019

Record Keeping Guidelines The following is a list of general guidelines we recommend for record retention. These should be modified based on any potential litigation, industry standards or any. Read More

2022 Year End Tax Planning for Businesses and Individuals

December 12, 2022

As another year ends, we still have uncertainty whether a tax package will be included in legislation to extend expiring tax credits, delay or remove the change to the. Read More

Federal COVID Funding Could Trigger Single Audit Requirement

December 17, 2021

COVID-19 has had a significant economic impact in the United States. Some nonprofit organizations were compelled to temporarily close, execute their mission remotely or restructure their operations entirely. The. Read More

2021 Year End Tax Planning for Businesses and Individuals

December 8, 2021

Year-end tax planning is always tricky, but pending legislation prior to year-end adds a whole new layer of complexity to the equation. At the current time, the House has. Read More

Tax Framework for the Infrastructure Bill & Build Back Better Package

November 11, 2021

With the bipartisan infrastructure bill expected to be signed into law on Monday, the Biden Administration continues to iron out the details of its Build Back Better framework. Both. Read More

Restaurant Revitalization Fund: SBA to Open Registration April 30

April 28, 2021

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. Read More

Restaurant Revitalization Fund: Grant Opportunities Available Soon

April 21, 2021

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. Read More

Paycheck Protection Program: Moving from Application to Forgiveness

April 12, 2021

Since the pandemic began, we have been monitoring and reporting on the Paycheck Protection Program (PPP), as well as all of the guidance and modifications resulting from several acts. Read More

President Biden Signs American Rescue Plan Act

March 15, 2021

On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA), which provides almost $2 trillion to support families and businesses affected by the COVID-19 pandemic. Here. Read More