Articles & Publications

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 >>

Well-crafted, up-to-date estate planning documents are imperative for everyone. They also can help ease the burdens on your family during a difficult time. Two important examples: wills and living trusts. The will A will is a legal document that. Read More >>

  Scrap materials sometimes pile up on the shop floor, especially when a plant ramps up production to meet peaks in demand. Excess scrap can lead to safety issues and cleanup costs — but waste extends beyond trash in. Read More >>

  Financial statements are an indispensable tool for gauging your construction company’s historical results and financial health. But relying on them alone is like driving a car by looking in the rearview mirror. To see the road ahead, you. Read More >>