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Qualified Small Business Stock (QSBS): Enhanced Tax Benefits Under the 2025 One Big Beautiful Bill Act

Qualified Small Business Stock (QSBS) is a powerful but often overlooked tax incentive for founders, early employees, and investors in high-growth companies. With the passage of the One Big Beautiful Bill Act (OBBBA) in 2025, the rules surrounding QSBS. Read More >>

Executive Order 14247: What You Need to Know About Mandatory Electronic IRS Payments

Note: This article was originally published on August 20, 2025, and updated on September 29, 2025, to reflect new guidance. With the March 25, 2025, signing of Executive Order 14247 — Modernizing Payments to and From America’s Bank Account — the federal. Read More >>

Employer Requirements Due to OBBBA

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces new federal income tax deductions for eligible employee overtime pay and tips. This legislation, which applies to tax years beginning in 2025,  requires employers. Read More >>

BMF Announces 2025 Promotions

August 14, 2025 Meet Our Team

We are proud to announce the promotion of the following outstanding individuals across our Northeast Ohio team. These promotions reflect not only their hard work and dedication but also our firm’s continued commitment to professional development and excellence. Management. Read More >>

Tax Court Highlights Risks in Charitable Art Donations: Appraisal Rules, Valuation Pitfalls, and Penalties

In a recent U.S. Tax Court case, WT Art Partnership LP, Lonicera LLC, Tax Matters Partner v. Commissioner of Internal Revenue, the court provided important guidance on what constitutes a “qualified appraisal” for charitable art donations and the potential. Read More >>

BMF Recognized as an IPA 2025 Top 200 Firm

We’re proud to share that BMF has once again been recognized by INSIDE Public Accounting (IPA) as one of the Top 200 Accounting Firms in the nation! This recognition is a reflection of the hard work and dedication of. Read More >>

Staff Highlights – Summer 2025

New Team Members We are excited to announce and welcome the following to our BMF team: Justin Barta joins us as a Staff Accountant in our tax department. Justin is no stranger to BMF, as he completed his spring. Read More >>

Amended Substitute House Bill 96: Personal Income Tax and Property Tax Provisions

With the signing of Amended Substitute House Bill 96 on June 30, 2025, Governor Mike DeWine set in motion a significant tax overhaul affecting income tax, property tax, and sales and use taxes. The new biennial budget for fiscal. Read More >>

Inside the One Big Beautiful Bill: A Comprehensive Look

In an all-inclusive bill, current lawmakers aimed to reshape the landscape of federal tax policy by introducing a comprehensive piece of legislation referred to as the “One Big Beautiful Bill”. This bill seeks to make several key provisions of. Read More >>

Navigating the Private Equity Landscape: Strategies for Long-Term Success

Private equity firms and portfolio companies face unique challenges at each stage of the investment lifecycle, from initial investment evaluation through exit strategy. With increasing regulatory demands, complex tax structures, and evolving market expectations, navigating this landscape requires more. Read More >>