Articles & Publications

The Meals and Entertainment deductions have stricter limitations under the Tax Cuts and Jobs Act of 2017 (“TCJA”). Our latest Tax Reform Advisor focuses on changes that were made to Internal Revenue Code Section 274 “Disallowance of Certain Entertainment,. Read More >>

The Tax Cuts and Jobs Act has proven to be more complex than it appears, and the international tax provisions are no exception. This week’s alert describes the transition tax that converts our tax system from worldwide taxation to. Read More >>

With the massive changes coming to revenue recognition, it’s easy to forget that there are also some significant changes to lease accounting closely following. The new lease standard supersedes FASB ASC 840 and becomes effective for non-public companies for. Read More >>

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 >>

Many have heard that if you’re in the fill-in-the-blank industry, your business should sell for a fill-in-the-blank number times fill-in-the-blank measure. These types of guidelines are widely discussed and generally accepted. There’s only one problem: they are rarely correct.. Read More >>

This week’s alert discusses the Tax Cuts and Jobs Act’s broad limitations imposed on the deductibility of business interest expense. Previously, only interest deductions of C-corporations were limited in situations where the income was not being taxed by the. Read More >>

The Bipartisan Budget Act of 2018 (The Act) was passed by the House and Senate in the early morning hours of February 9, 2018, and President Trump signed the bill later that day. There were 32 tax “extenders” (constantly. Read More >>

BMF is pleased to announce the addition of Michelle A. Carano, CPA, and Matthew R. Mallinak, CPA, to the firm’s Assurance and Advisory Services group. Michelle A. Carano, CPA, is a senior manager in the assurance and advisory department. Read More >>

We are pleased to announce the following professionals have joined our Northeast Ohio team. Christopher Avant, audit staff accountant, is a recent graduate from Kent State University and will be honing his skills on a variety of audit engagements.. Read More >>

The Financial Accounting Standards Board (FASB) Accounting Standards Update 2016-14 (“ASU”) marks one of the most impactful financial reporting standard changes to nonprofit accounting guidelines in more than 20 years. Through these changes, the FASB expects to bring increased. Read More >>