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Presidential Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

On August 8, President Trump issued a memorandum to the Secretary of Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The payroll tax deferral in this

Don Murphy Honored with Accounting Today’s 2020 Managing Partner Elite Designation

In a year of extraordinary events and challenges, BMSS Advisors & CPAs’ Don Murphy was one of 10 managing partners throughout the country to be selected for Accounting Today’s 2020

Latest Developments on PPP and the Forgiveness Process

For most of you who received Paycheck Protection Program (PPP) loans under the CARES Act, the receipt of these funds provided a lifeline to your business during these challenging and

BMSS Named as a 2020 Accounting Today’s Best Accounting Firms to Work for

BMSS Advisors & CPAs was recently named as one of the 2020 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify

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

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