BREAKING NEWS

Sara Martin Promoted to Chief Operating Officer

We proudly announce that Sara Martin has been promoted to the role of COO!

Articles & Publications

All Posts

2023 Cost-of-Living Adjustments (COLAs)

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 >>

Solving the Case of Hidden Funds

In many financial forensic contexts, such as divorce or fraud investigations, the parties involved may have a financial motivation to conceal assets or income sources. Finding these misappropriated items can be difficult; however, financial experts are trained in investigative techniques*. Read More >>

ASC 842 – Adopting the New Lease Standard

September 12, 2022 Accounting & Finance

What is the New Lease Standard? The objective of the new lease standard is to include all lease commitments in financial statements, as opposed to the previous practice of excluding operating leases. This change ensures that the financial statements. Read More >>

Stephen Mazza Joins BMF as Partner

We are pleased to welcome Stephen A. Mazza, CPA, as a Partner in the firm. Steve has spent nearly his entire career at a regional accounting firm, joining immediately after graduation in 2011 from The University of Akron. Throughout. Read More >>

BMF Announces 2022 Associate Promotions

We are excited to announce the following associate promotions across our Northeast Ohio team.  To Senior Manager Joseph W. Blaha, CPA, Assurance & Advisory Services. Joe serves clients in diverse industries, including manufacturing/distribution, construction, professional services, retail, and employee. Read More >>

Business Succession Planning: Why buy-sell agreements are advantageous

There are over 31 million privately-held businesses in the United States and of those, Baby Boomers (born between 1946 and 1964) account for approximately 40% of ownership. Experts estimate that roughly 10,000 Baby Boomers retire each day. Succession is. Read More >>

Inflation Reduction Act – New & Expanded Tax Credits

On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The major impact of the IRA is the government’s investment in clean energy and sustainability through incentives and tax credits. The credits are designed to. Read More >>

BMF Recognized as a 2022 Top 200 Firm by INSIDE Public Accounting

We are excited to announce that we have been recognized by INSIDE Public Accounting (IPA) as a Top 200 Accounting Firm in the nation! The IPA’s annual rankings of the 500 largest firms in the U.S. are listed from. Read More >>

Incentivizing Manufacturing: CHIPS and Science Act, Inflation Reduction Act

Before going into their August recess, both Houses passed the CHIPS and Science Act of 2022, which The President is expected to sign shortly. The Senate also announced the Inflation Reduction Act of 2022 as a budget reconciliation bill.. Read More >>