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Staff Perspectives Inauguration

I’ve been in BMF’s Audit Department since I graduated from Kent State University 4 years ago, now entering my 5th rotation of what we affectionately refer to as “busy season.” I enjoy long moonlight walks on the beach in. Read More >>

Busy Season Insight at a Public Accounting Firm

For those of you still in college, you’re probably asking yourself what is this “busy season” I keep hearing about? For our tax team, the busy season softly starts around the end of January and runs through to the. Read More >>

Meet Our Team: Samantha Rathburn

January 27, 2020 BMF InsightsMeet Our Team BMF

A lover of country music, spin class and taking her dogs to brew pubs (since now it’s allowed), Samantha is a charismatic blend of accounting professional and Northeast Ohio native – the ideal team member for a community-focused CPA. Read More >>

Sell-Side Strategies: Preparing Your Business for Sale

January 20, 2020 Valuation

As seen in Crain’s Cleveland ACG Corporate Growth & M&A edition, January 2020 There are a myriad of diligence issues that can adversely impact purchase price and sometimes kill the deal. While there is no absolute on completely avoiding. Read More >>

When Bad Things Happen to Good Plans: Preventing errors with eligible compensation plans

For even the most well-intended and conscientious plan sponsor, the complex rules and regulations regarding retirement plans can result in the occasional error in administration or operation. Operational errors are made while carrying out the plan in accordance with. Read More >>

2019 Tax Provisions: Extenders Bill, ACA Tax Repeal, SECURE Act

Averting another government shutdown, President Trump signed a $1.4 trillion spending package which will fund the government until September 30, 2020.  As part of the spending package, there are several tax provisions including an ‘extenders’ bill, the SECURE Act. Read More >>

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 >>

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?

November 18, 2019 Benefit Plans

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?

November 14, 2019 Nonprofit

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 >>