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Why You May Not Want to Rush Your PPP Loan Forgiveness Application

In a nutshell, details are still being worked out by the Small Business Administration (SBA), the U.S. Treasury Department and lenders. Until those details are finalized, it may be wise

Senate Passes the Paycheck Protection Program (PPP) Flexibility Act of 2020

Late Wednesday, the Senate passed the House version of the Paycheck Protection Program (PPP) Flexibility Act of 2020 which triples the time period for PPP borrowers to spend the funds

10 Steps to Return to the Workplace

The below information was created by our friends at Ursa Group, LLC It’s going to be a gradual process getting back to 100% operation after being locked down and social

BMSS Member Michael Brand Awarded 2019 AICPA Outstanding Facilitator

BMSS, LLC is proud to announce that Member Michael Brand, CPA, CGMA has been named as an AICPA Outstanding Facilitator for the 2019 CPE Year. Known as a nationally acclaimed,

SBA Releases Long-Awaited PPP Forgiveness Application Form

On Friday, May 15 the Small Business Administration (SBA) released the long-awaited PPP Forgiveness Application Form. This application created a number of new safe harbors and changes that were not in

An Answer to One of the Most-Asked PPP Loan Questions on Good-Faith Certification

There has been a great deal of discussion regarding the borrower’s good-faith certification required on the application for a PPP loan. The SBA released FAQ 46 this morning, May 13,

BMSS Hosts Virtual Keep Corona Calm 5K and 1-Mile Fun Run

More than 250 BMSS employees and family members laced up their running shoes on Saturday, May 2 to rally together, while remaining at least six-feet apart, in the BMSS Presents:

An Insurance Update from Johnny Prewitt & The Prewitt Group

The impact of the COVID-19 global pandemic has been expansive and rapid. It is not only affecting how people live their everyday lives, but is increasingly disrupting businesses across our

Another Opportunity to Receive PPP Funding is Now Available

The Paycheck Protection Program loan portal reopened at 9:30 a.m. CST today, April 27. If you have already worked with a lender but were not approved before the first allocation

Provisions Affecting Retirement Plan Distributions and Loans in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

The recently enacted Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes several provisions affecting retirement plan distributions and loans related to the COVID-19 virus that are discussed below. Distributions: Eligible individuals

Important Update on the Loan Forgiveness Phase of the PPP

If you are participating in the Paycheck Protection Program (PPP) and have received your funding, it is likely you have questions about the second phase of the program – loan

Good News for PPP Loan Recipients Regarding Deferral of Payroll Taxes

The IRS released FAQs on Sec 2302 of the CARES Act, Delay of Payment of Employer Payroll Taxes. This provision generally provides that employers may defer the deposit and payment

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An Insurance Update from Johnny Prewitt & The Prewitt Group

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