BREAKING NEWS

Richard C. Fedorovich to Receive H. Peter Burg Award

Richard C. Fedorovich has been selected as the 2023 recipient of the H. Peter Burg Economic Development Leadership Award, presented by the Greater Akron Chamber.

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Staff Highlights – Winter 2023

January 27, 2023 BMF InsightsMeet Our Team BMF

Firm News We are proud supporters of United Way, which is evidenced year-over-year by our annual workplace campaign. In 2022, we exceeded our goal, raising more than $75K for United Way of Summit and Medina County and United Way. Read More >>

Research & Development Accounting Method Changes (Section 174)

Under the 2017 Tax Cuts and Jobs Act (TCJA), the tax treatment of research and development (R&D) expenses have changed. These costs, also known as research and experimentation (R&E) costs, impact all taxpayers that have R&D expenses, not only. Read More >>

Richard C. Fedorovich Named 2023 H. Peter Burg Economic Development Leadership Award Recipient by Greater Akron Chamber

Listen to the interview with Ray Horner, Program Director at WAKR. We are excited to announce that Richard C. Fedorovich, our Executive Chairman, has been selected as the 2023 recipient of the H. Peter Burg Economic Development Leadership Award,. Read More >>

2022 Year-End Tax Legislation Guidance

January 4, 2023 Tax Advisor

Congress has come together and agreed on an $1.7 trillion omnibus appropriations bill that was signed by The President last Thursday. Unfortunately, The Bill did not contain tax provisions that many were hoping for, such as the expanded Child. Read More >>

SECURE Act 2.0 Makes Sweeping Changes to Retirement Plans

In December 2022, Congress passed an omnibus spending bill that included a significant portion dedicated to the Secure 2.0 Act of 2022, which makes significant changes and enhancements to retirement planning laws in the United States. We’ve included a. Read More >>

2022 Year End Tax Planning for Businesses and Individuals

As another year ends, we still have uncertainty whether a tax package will be included in legislation to extend expiring tax credits, delay or remove the change to the treatment of research and development expenses or if the child. Read More >>

Staff Highlights – Fall 2022

November 18, 2022 BMF InsightsMeet Our Team BMF

Events #teamBMF enjoyed time together at our first BMFriendsgiving & Holiday Bake-Off to support our United Way Workplace Campaign! Special thanks to all our bakers who brought in their delicious baked goods. But the real thanks go to Sarah’s. Read More >>

Employee Retention Credit: Be cautious of fraudulent schemes

October 28, 2022 Tax Advisor

The Employee Retention Credit (ERC) is still a hot topic at networking events, trade organizations and other gatherings for business owners and executives. The ERC is a tax credit, which was part of the COVID relief packages, focused on. Read More >>

2023 Cost-of-Living Adjustments (COLAs)

October 28, 2022 Tax Advisor

This week, the IRS announced the 2023 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2023 social security wage base will be $160,200, which reflects a. Read More >>

Businesses Must Act Now to Take Advantage of the 2022 Bonus Depreciation  

October 10, 2022 Tax Advisor

Companies looking to take advantage of 100% Bonus Depreciation need to take action before the end of 2022. Here’s why and how to apply… Read More >>