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Ohio’s Residency Contact Period Test Increased by 30 Days

January 4, 2016 Tax Advisor

Starting in 2015, individuals with less than 213 “contact periods” will be considered a non-resident for purposes of Ohio personal income tax.  Prior to 2015, individuals with less than 183 contact periods were considered non-residents. A contact period within. Read More >>

Dale Ruther Earn Prestigious CCIFP Designation

AKRON, OH – January 1, 2016 – Bober Markey Fedorovich (BMF), a top 20 regional CPA and advisory firm in Northeast Ohio, is pleased to announce that Dale A. Ruther, CPA, CIT, CDS has received the Certified Construction Industry Financial. Read More >>

Congress Passes Tax Extenders Bill; Business and Individual Provisions Reinstated

December 18, 2015 Congress has approved the long-awaited tax extenders bill and is now awaiting President Obama to sign the Protecting Americans from Tax Hikes Act of 2015 (“the Act”) into law. Most provisions of the Act are retroactive. Read More >>

What Did the Analyst Know — and When Did He Know It?

December 9, 2015 Valuation Advisor

A business valuation is an assessment of a company at a specific point in time. It reflects the circumstances and prospects of the company at a certain date. So what happens when those circumstances change, either for the better. Read More >>

Middle Market Companies Should Review Capitalization Policies Before Year End to Deduct More Property Costs in 2016

  The IRS recently issued Notice 2015-82 which increased the de minimis safe harbor amount for taxpayers without an applicable financial statement (AFS) from $500 to $2,500.Generally, an applicable financial statement would be one that is either required to. Read More >>

2015 Year End Tax Planning Tips

December 3, 2015 Tax Advisor

As we near the end of 2015, there are various strategic tax planning moves you may want to consider to minimize your 2015 and future tax liabilities. This letter is intended to provide some ideas for planning to consider. Read More >>

FASB Simplifies Balance Sheet Classification of Deferred Taxes; Debt Covenants May Be Affected

November 30, 2015 Client Advisor

December 1, 2015 The FASB has issued a rather significant update to improve upon the balance sheet presentation of deferred taxes. Upon adoption, deferred tax assets or liabilities will be presented on one line item as non-current assets or. Read More >>

FASB Moving Forward with Finalizing Leasing Standards

November 12, 2015 Client Advisor

It’s just about official! Leases are going to be on the balance sheet effective 2019 for public companies and 2020 for private companies. After a vote on Wednesday, November 11th, the Financial Accounting Standards Board (FASB) will finally publish,. Read More >>

Identity Theft Update

Early this year we published an article warning about the rise of tax identity theft. This article pointed out that one of the most popular ways to steal money is by filing fraudulent tax returns. Criminal groups are using. Read More >>

Does My Benefit Plan Really Need an Audit?

Understanding the 80-120 Participant Rule When it comes to determining the size of your employee benefit plan, nothing seems to cause more confusion among plan sponsors than the so-called “80-120 Participant Rule.” In general, Department of Labor (DOL) regulations. Read More >>