BREAKING NEWS

BMF Named a 2021 Best of the Best Firm!

We have again been named to the IPA’s 2021 Best of the Best Firms list, which recognizes the highest-performing firms within the accounting profession.

Articles & Publications

2020 Cost-of-Living Adjustments (COLAs)

November 6, 2019 Tax Advisor

The IRS has announced the 2020 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2020 social security wage base will be $137,700, which reflects a 3.6%. Read More >>

Ohio’s 2019 Back-to-School Sales Tax Holiday August 2-4

Back-to-school season has returned – and so has the Sales Tax Holiday! For the fifth consecutive year, The Ohio Department of Taxation has announced the return of the sales tax holiday to help reduce the back-to-school blow to your. Read More >>

2018 Year End Tax Planning for Business and Individuals

This year was big. The barrage of tax changes and updates were so far-reaching, that every individual and business has been touched by it in some way. With the Tax Cuts and Jobs Act (TCJA) changing the playing field. Read More >>

ERISA Compliance Year-End Checklist

Preparing a year-end checklist for your qualified retirement plan is a good way to help ensure your plan remains compliant with ERISA regulations throughout the year. A checklist can also serve as a valuable reminder of upcoming deadlines for. Read More >>

2019 Cost-of-Living Adjustments (COLA)

November 5, 2018 Tax Advisor

On Friday, the IRS announced the 2019 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2019 social security wage base will be $132,900, which reflects a 3.5% increase from 2018. Most. Read More >>

4 Questions to Ask Before Hiring Household Help

September 18, 2018 Tax Advisor

When you hire someone to work in your home, you may become an employer. Thus, you may have specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes, and possibly federal and state unemployment insurance.. Read More >>

IRS Releases Proposed Regulations to Clarify Qualified Business Income Deduction

When tax reform passed in December last year, corporations received a lower tax rate of 21%, while rates were slightly reduced for individuals. To give a similar benefit to businesses organized as pass-through entities tax reform enacted a 20%. Read More >>

Ohio’s Back-to-School Sales Tax Holiday is Back!

Back-to-school shopping is right around the corner and for the fourth year in a row, The Ohio Department of Taxation has announced a sales tax holiday to help reduce the back-to-school blow to your wallet. The 2018 Sales Tax. Read More >>

Tax Insights: 529 Plan Use Expanded Under Tax Reform

A 529 plan has historically been used to cover various qualified college expenses, including tuition, enrollment fees, books, supplies, housing, online educational materials, tutoring or classes outside of the home, and educational therapies for students with disabilities. Under the. Read More >>

Tax Reform Series #3: Excess Business Losses

Our latest Tax Reform Advisor applies to excess business losses, which most directly relates to individuals and the deductibility of business losses from sole proprietorships and pass-through entities – S-corporations and partnerships. Background Previously, the rules for excess losses. Read More >>