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BMF Named a 2024 Great Lakes Regional Leader by Accounting Today

We did it, again. We are thrilled to share that BMF has again, for the fifth consecutive year, secured its well-deserved spot on the highly esteemed list of Accounting Today’s 2024 Top Firms in the Great Lakes region! This. Read More >>

Ohio Supreme Court Ruling Impacts Remote Work Taxes During COVID

February 19, 2024 Tax Advisor

In a 5-2 decision announced on February 14, the Ohio Supreme Court upheld the constitutionality of a temporary state law allowing cities to collect taxes from remote employees who were working from home during tax year 2020, even if. Read More >>

Are You Ready For the New Beneficial Ownership Interest (BOI) Reporting Requirements?

Beginning January 1, 2024, the new Beneficial Ownership Interest (BOI) reporting requirements set forth by the Corporate Transparency Act (CTA) come into play. These requirements mandate certain companies operating in the United States to report information about who owns. Read More >>

Unfinished Business: Managing WIP Inventory Effectively

Work-in-process (WIP) inventory hold significant weight on a manufacturer’s balance sheet, playing a pivotal role in financial accuracy and performance evaluation. By closely monitoring WIP, manufacturers not only maintain the integrity of their financial statements but also gain valuable. Read More >>

Enhanced Benefits of Section 179D for Energy Efficient Buildings

February 7, 2024 Tax Advisor

The deduction under Section 179D has long served as an incentive for energy efficiency in commercial and certain residential buildings. Originally established in 2006, recent updates under the Inflation Reduction Act of 2022 have significantly expanded its scope and. Read More >>

Top 5 Key Insights from DOL’s Employee Benefits Audit Quality Study

February 6, 2024 Benefit Plans

In November 2023, the Employee Benefits Security Administration (EBSA) of the US Department of Labor (DOL) released its fourth evaluation of the audit work conducted by independent qualified public accountants. This evaluation specifically scrutinizes the performance of audits for. Read More >>

BMF Wins 2024 Best of Accounting Award for Client Service Excellence

We are proud to announce that we have again won the Best of Accounting Award for providing superior service to our clients for the fourth consecutive year. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in. Read More >>

Staff Highlights – Winter 2024

Best of Accounting We have again won the Best of Accounting Award by ClearlyRated for providing superior service to our clients for the fourth consecutive year! READ MORE   New Associates We are excited to announce and welcome the. Read More >>

ERISA and Employee Benefit Plans: Time to Get Serious About Cybersecurity

In 2021, the United States Department of Labor (DOL) issued guidance for fiduciaries to secure their benefit plans in connection with the Employment Retirement Income Security Act (ERISA). When it comes to private retirement and health plans, participant data. Read More >>

IRS Issues Important SECURE Act 2.0 Guidance in Notice 2024-2

January 26, 2024 Tax Advisor

On December 20, 2023, the Internal Revenue Service (“IRS”) issued Notice 2024-2 providing guidance, in Q&A format, on 12 specific sections of the SECURE Act 2.0. Per an internal revenue bulletin from the IRS, the notice is not intended. Read More >>