BREAKING NEWS

BMF Ranks as a Top 200 U.S. Firm!

We are excited to announce that we have been recognized by INSIDE Public Accounting as a Top 200 Accounting Firm in the nation!

Articles & Publications

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5 Ways to Maintain Profitability on Change Orders

February 21, 2022 Construction

Changes during a construction project are often inevitable. In fact, change orders are so common that they affect more than one-third of projects. While these changes can lengthen a project’s schedule and increase labor and material costs, they can. Read More >>

BMF Receives 2022 Best of Accounting Award for Client Service Excellence

We are proud to announce that we have won the Best of Accounting Award for providing superior client service. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided. Read More >>

Remote Working: Tax Friend or Foe?

COVID-19 has certainly accelerated many shifts for businesses and employees, most notably remote working. Since many employees were forced to work from home due to government mandates or CDC recommendations, employees were able to show that they could work. Read More >>

Take the Drama Out of Business Succession: A Case Study

The HBO drama Succession isn’t just a hit series. It’s also a cautionary tale to business owners. The show revolves around a CEO patriarch who just can’t seem to designate a successor among his four children, or among anyone. Read More >>

Financial Statement Audits in a Post-COVID World

The COVID-19 pandemic has significantly impacted the way professional service firms interact with and deliver services to their clients. Early in the pandemic, CPAs and other professional service providers had to quickly pivot and learn how to collaborate with. Read More >>

Advanced Child Tax Credit: Planning for Your 2021 Tax Filing

The child tax credit has been getting a lot of attention in the press lately. An updated version of the ChildTaxCredit.gov website was released Monday with new features to assist taxpayers with obtaining the information they need to file. Read More >>

Designing a 401(k) Matching Program to Meet Your Objectives

We’ve found over the years that it can be challenging to get employees to set aside money for their retirement. By providing a matching contribution to your employees, you are helping to incentivize them to put their own money. Read More >>

2022 Standard Mileage Rates Issued

January 18, 2022 Tax Advisor

Each year, the IRS issues optional standard mileage rates for the coming year. The rates cover the cost of using your personal vehicle, most commonly for business, but also if you drive for medical, moving, or charitable purposes. Each. Read More >>

Tax Structuring in M&A Transactions

*as seen in Crain’s Cleveland Business, January 17, 2022 A properly structured transaction can provide tax benefits to both the buyer and the seller. Typically, buyers want a deductible step-up in basis while sellers want capital gains treatment. Proper. Read More >>

Staff Highlights – Winter 2022

Candle making, Escape Room, Fencing, oh my! These are a few of the incredible outings we’ve hosted with #teamBMF members. Because it’s not only about what we do at work. It’s getting to know those new to the firm,. Read More >>