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IRS Announces Employee Retention Credit Voluntary Disclosure Program

January 11, 2024 Tax Advisor

On December 21, 2023, the Internal Revenue Service (“IRS”) unveiled details concerning the Employee Retention Credit Voluntary Disclosure Program (“ERC-VDP”). This program is aimed at taxpayers who mistakenly claimed and received Employee Retention Credit (“ERC”) refunds for specific quarters. Read More >>

Navigating Buy-Side Tax Considerations in Mergers and Acquisitions

*as seen in Crain’s Corporate Growth & M&A Section In the dynamic landscape of mergers and acquisitions, the intricate dance between buyers and sellers requires a careful examination of tax implications. Whether opting for a pure asset deal or. Read More >>

BMF Announces Associate Promotions

It is with a great sense of pride and excitement that we announce the promotion of the following outstanding individuals across our Northeast Ohio team. Management Promotions Devon LaRiccia, CPA, manager, Tax Services. Devon serves a variety of multi-state. Read More >>

Navigating the Corporate Transparency Act: What Business Owners Need to Know

December 20, 2023 Tax Advisor

Beginning January 1, 2024, many business owners will be required to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN). Businesses that are obliged to file this report include corporations, limited liability companies (LLCs),. Read More >>

2023 Year End Tax Planning for Businesses and Individuals

As we approach the close of another year, it’s time to take stock of your financial strategies and consider smart year-end tax planning. While legislative uncertainties persist, we’ll focus on practical considerations that transcend the political landscape. These considerations. Read More >>

Navigating Employee Retention in Manufacturing: A Strategic Imperative

In today’s manufacturing landscape, the scarcity of skilled labor makes retaining existing employees more critical than ever. Whether grappling with the lasting effects of the COVID-19 pandemic, addressing the exodus of the baby boomer generation, or navigating internal industry. Read More >>

2024 Cost-of-Living Adjustments (COLAs)

November 6, 2023 Tax Advisor

The IRS has announced the 2024 cost-of-living adjustments (COLAs), which impact retirement plans for more than 71 million Americans. These taxpayers will see a 3.2% bump in monthly Social Security benefits and supplemental security income payments in 2024, which. Read More >>

STAFF HIGHLIGHTS – FALL 2023

October 31, 2023 BMF InsightsMeet Our Team BMF

Best of the Best We have again been named to the Best of the Best Firms list by INSIDE Public Accounting (IPA) for our notable high performance – a direct result of our intentional growth strategy for success! READ. Read More >>

Smart Strategies for Business Expansion

October 16, 2023 Accounting & Finance

In today’s dynamic and uncertain economy, expanding your business might not seem like the obvious choice. However, strategic growth can be the key to long-term financial health and success. Whether you aim to double in size within five years. Read More >>

A Comprehensive Approach to Resolving Post-Acquisition Disputes

October 11, 2023 Valuation

Mergers and acquisitions (M&As) often fall short of expectations, leading to disputes. These types of disputes can involve issues like contractual purchase price adjustments, representations and warranties, earnout provisions and misrepresentations by the seller. To effectively address these challenges,. Read More >>