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2020 Cost-of-Living Adjustments

November 6, 2019 Tax Advisor

The IRS has announced the 2020 cost-of-living adjustments (COLAs), which impact retirement plans for more than 67 million Americans. In addition, the Social Security Administration announced the 2020 social security wage base will be $137,700, which reflects a 3.6%. Read More >>

Valuing the Cost of Customer Relationships

The costs of acquiring and retaining customers can be astronomical. We know the costs of attracting and maintaining customer relationships in salaries, commissions and proposals, but oftentimes businesses fail to see the cost of maintaining relationships. This includes low. Read More >>

Meet Our Team: Mindy Marsden

October 28, 2019 BMF InsightsMeet Our Team BMF

When she earned her degree in accounting, Mindy Marsden never thought she’d be more of a storyteller than a financial expert. Mindy joined BMF’s audit practice in 2008. After spending five years gaining valuable insight into the practice and. Read More >>

BMF at 60: An Opportunity to Envision the Future

October 28, 2019 BMF Insights

There aren’t many things that remain the same after 60 years. In fact, it’s hard to think of anything that’s done the same as it was 60 years ago – think about communication, the evolution of our workforce, the. Read More >>

About Our Staff – Fall 2019

October 28, 2019 BMF InsightsMeet Our Team BMF

BMF has been named to the IPA’s Top 200 Firms annual ranking! We are excited to announce the following additions and accomplishments of our professional staff: Kandaze Bresnahan joins us as a tax staff accountant in our Akron office.. Read More >>

FASB Approves Delay for 3 Accounting Standards: Leases, Credit Losses, Hedging Dates Deferred

After a unanimous vote on Wednesday, the Financial Accounting Standards Board (FASB) approved proposals to delay the effective dates for three of its major accounting standards: leases, credit losses and hedging. As we reported back in July, the FASB. Read More >>

The Three C’s of Cybersecurity Awareness

October 15, 2019 The Cyber Times

Awareness in cybersecurity is a relatively simple concept; however, staying positive while also remaining vigilant is easier said than done. After the social media white noise of National Cybersecurity Awareness Month dies down, how can we remain on a. Read More >>

4 Steps to an Effective Fraud Prevention Strategy

Fraud perpetrated against a company can result in significant damages and recent data suggests that fraud losses at manufacturing companies can be particularly devastating. According to the 2018 Report to the Nations published by the Association of Certified Fraud. Read More >>

Department of Labor Raises Pay Threshold for Exempt Workers to $35K

1.3 million American workers now eligible for overtime pay Earlier this week, the Department of Labor (DOL) issued the final overtime rule to make an additional 1.3 million American workers eligible for overtime pay. The ruling updates earning thresholds. Read More >>

Managing Risk from Construction Change Orders

“That project finished exactly as the contract stated,” said no Construction owner, ever. Managing risk is key to any successful construction project. And while change is to be expected with nearly all projects, change orders can present a significant. Read More >>