BMSS Presents: An Overview of the New COVID-19 Stimulus Law

BMSS Presents: An Overview of the New COVID-19 Stimulus Law

On December 20, 2020 Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the ongoing pandemic. President Trump signed

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Congress Agrees Upon New COVID-19 Relief Bill; Trump Signs Bill into Law

Late on December 20, 2020, Congress agreed upon a new COVID-19 relief package to aid businesses and individuals that are suffering financial hardship due to the ongoing pandemic. President Trump

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IRS Issues Guidance for Deferral of Certain Employee Payroll Tax in Light of the Ongoing COVID-19 Pandemic

On Friday, August 28, 2020, the IRS issued a news release announcing that Notice 2020-65 had been issued to provide guidance to implement the Presidential Memorandum issued on August 8,

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IRS: Deadline to Return Distributions to Retirement Accounts is August 31

The Internal Revenue Service today reminds IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until Aug. 31 to

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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

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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

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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

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BMSS Presents: Helping Distressed Businesses Recover from COVID-19 Webinar

Please click here to register.  Join us as our panelists share actions businesses should be taking to recover from the effects of COVID-19. This will be a great webinar for

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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

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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:

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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

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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

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