Articles & Publications

2019 Year End Tax Planning for Business and Individuals

With the 2017 Tax Cuts and Jobs Act (TCJA) changing the playing field in the tax realm, there are several approaches you may want to consider before year-end to help minimize your tax burden. Below are some of the. Read More >>

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Ohio Tax Update for Lawyers, Lobbyists, Pink Tax; Wayfair Guidance Rollout

November 21, 2019 Tax Advisor

Ohio Senate Bill 26 Ohio Governor Mike DeWine signed Ohio Senate Bill 26 into law, which reflects several noteworthy tax changes. Repeals the lawyer and lobbyist exemption from claiming the business income deduction and preferential 3% tax rate. As. Read More >>

Is This the End of the Limited Scope Audit?

In July, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 136 – Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. These new standards will go into effect. Read More >>

Protecting Donor Information: Is their identity at risk?

Online giving has grown considerably over the last several years. For nonprofits without the appropriate IT infrastructure and security policies, these increased online donations can also mean greater risk for cybercrimes. While all businesses are at risk for cyberattacks,. Read More >>

7 Best Practices for a Cyber-Secure Holiday Season

November 14, 2019 The Cyber Times

IT Security is front and center in the minds of business professionals today. But with so many options between recommendations, software and hardware to put into place, it can be pretty overwhelming for anyone. So to help simplify some. Read More >>

Business Interruption – 5 Pitfalls that can foul-up your claim

To weather a business interruption, damaged businesses need to be made whole again as quickly as possible. Business interruption (BI) insurance – or business income insurance – is a type of insurance that covers the loss of income because. Read More >>

2020 Cost-of-Living Adjustments

November 6, 2019 Tax Advisor

The IRS has announced the 2020 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2020 social security wage base will be $137,700, which reflects a 3.6%. Read More >>

Valuing the Cost of Customer Relationships

The costs of acquiring and retaining customers can be astronomical. We know the costs of attracting and maintaining customer relationships in salaries, commissions and proposals, but oftentimes businesses fail to see the cost of maintaining relationships. This includes low. Read More >>

Meet Our Team: Mindy Marsden

October 28, 2019 BMF InsightsMeet Our Team BMF

When she earned her degree in accounting, Mindy Marsden never thought she’d be more of a storyteller than a financial expert. Mindy joined BMF’s audit practice in 2008. After spending five years gaining valuable insight into the practice and. Read More >>

BMF at 60: An Opportunity to Envision the Future

October 28, 2019 BMF Insights

There aren’t many things that remain the same after 60 years. In fact, it’s hard to think of anything that’s done the same as it was 60 years ago – think about communication, the evolution of our workforce, the. Read More >>