BREAKING NEWS

BMF Akron Office Closure Beginning May 1

Beginning May 1, our Akron Office will be closed to the public for renovations but will remain available to assist you. Contact your BMF Advisor or call 330.762.9785 to speak with someone who can help. We anticipate renovations taking several weeks, so stay tuned for updates!

Articles & Publications

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Considerations When Working Across State Lines

April 24, 2015 Construction

As a contracting business grows, it’s likely that it will eventually begin pursuing work in a neighboring state. When this happens, there are a number of tax, licensing and permitting issues to consider. On the other hand, if your. Read More >>

Nonprofits and Leases: Understanding the Options (and Opportunities)

April 14, 2015 Nonprofit

When it comes to facilities, every nonprofit has to answer the question at one time or another: “Should we lease or buy?” Certainly, if a nonprofit has enough cash for the standard 30-35 percent down payment, buying a facility. Read More >>

Supreme Court of the United States Digs Deep Into Alabama’s Tax Code – Could Change How State Taxes are Analyzed

March 25, 2015 Tax Advisor

  On March 4, 2015, The Supreme Court of the United States (the “SCOTUS”) released its decision in Alabama Department of Revenue v. CSX Transportation, which dealt with the issue of whether Alabama’s sales tax violated the Railroad Revitalization. Read More >>

What’s Your End Game? The Importance of Succession Planning

If you are like many small business owners, you have worked hard for much of your life to build your company into a successful enterprise.  But have you devoted the same planning and attention to your business’ “end game?” . Read More >>

Ohio’s Municipal Income Tax Reform: A Step Towards Uniformity

  Ohio Governor John Kasich recently signed House Bill 5 (“H.B. 5”) into law, which will be effective January 1, 2016. H.B. 5 contains broad and sweeping changes to Ohio’s municipal income tax, and is a step toward establishing. Read More >>

Accounting Method Change Relief Issued for Small Business Taxpayers

  Administrative Relief The IRS released Revenue Procedure 2015-20 (“Procedure”) on February 13, 2015, which provides administrative relief to small business taxpayers.  This Procedure allows small business taxpayers adopting the tangible property regulations to make accounting method changes on. Read More >>

The Tangible Property Regulations: Elections and Safe Harbors

The tangible property regulations have gone into effect for tax years beginning in 2014 and apply to all taxpayers who have tangible property.  We previously released Tangible Property Regulations Advisors to clarify the guidance the IRS provided on the. Read More >>

Keeping a Weekly Scoreboard

How is your business doing? More importantly, how do you know how it’s doing? Most business owners have a sense of how their company is performing, but relying on instinct doesn’t often translate to the bottom line. Without regular. Read More >>

Be on the Lookout for Tax Identity Theft

Tax identify theft is the biggest and most prevalent tax scam going right now — and peak season is just around the corner for refund fraud. This scam has become a big problem due primarily to its simplicity. Identity. Read More >>

A Look Inside 100 Years

February 1, 2015 BMF Insights

It was the second week of November and I was making my way up to our new Cleveland office in stop-and-go traffic from the moment I got onto I-77. I was anxious to get there on time, nervous about. Read More >>