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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

February 26, 2015 Tax Advisor

  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 >>

New Revenue Recognition Standard: Changes for Long-Term Contracts

For six years now, construction industry leaders and accounting professionals have been nervously following the progress of a new revenue reporting standard that was being developed by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board. Read More >>

Understanding Working Capital Impact on M&A Deals

Crain’s Cleveland BusinessIssued the week of Sunday, January 18, 2015 By Mark B. Bober The way working capital is structured in any M&A deal can be an important consideration in the economics of the agreement.  A typical deal is. Read More >>