BREAKING NEWS

Matt Mallinak Named Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Matt Mallinak!

Articles & Publications

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Revenue Recognition Standards Implementation – Deadline and Alternate Option

September 5, 2019 Client Advisor

The Financial Accounting Standards Board’s (FASB) new revenue recognition standards will not only affect public companies, but also many private companies whose lenders or investors require them to follow generally accepted accounting principles (GAAP). If your organization is one. Read More >>

Nonprofit Trends: Online Revenue and Retention, Digital Advertising and Employee Satisfaction

Two main focal points for nonprofits include donor support and employee satisfaction, including the retention of both. The annual M+R Nonprofit Benchmark Study is an in-depth exploration of what’s changing for nonprofits and their supporters. The study is based. Read More >>

Valuation Considerations in Buy-Sell Agreements

Every business with more than one owner needs a buy-sell agreement to handle voluntary and involuntary ownership transfers. A well-written buy-sell agreement will cover valuation considerations in addition to legal and tax matters. Buy-sell agreements should be put into. Read More >>

Succession Planning: The Benefits of a Family Limited Partnership

Business succession planning is one of the biggest concerns for business owners. While there are several options to consider, transferring ownership and control of the company to the next generation is one of the most common. A Family Limited. Read More >>

BMF Recognized as a 2019 Top 200 Firm by Inside Public Accounting

We are excited to announce that we have been recognized by INSIDE Public Accounting (IPA), based on the 2019 annual IPA Survey and Analysis of Firms, as a Top 200 Accounting Firm in the nation!   The IPA’s annual. Read More >>

Melissa Dunham Named a 30 For the Future Award Recipient

We are excited to share that Melissa Dunham has been named a recipient of the 30 For the Future Award, presented by the Greater Akron Chamber. This program honors young professionals ages 25-39 who live and/or work in the. Read More >>

Ohio’s 2019 Back-to-School Sales Tax Holiday August 2-4

Back-to-school season has returned – and so has the Sales Tax Holiday! For the fifth consecutive year, The Ohio Department of Taxation has announced the return of the sales tax holiday to help reduce the back-to-school blow to your. Read More >>

FASB Proposes Delay on 4 Major Accounting Changes

What’s Going On The Financial Accounting Standards Board (“FASB”) recently voted on a proposal to delay the effective dates for four significant standards related to accounting for leases, credit losses, derivatives and hedging, and long-duration insurance contracts. The proposal. Read More >>

Ohio Update: Budget Bill Passed; Relief for Storm Victims

On July 18, 2019, Ohio Governor Mike DeWine signed a new two-year state budget that includes lowering personal income taxes and retaining key business tax provisions. While the biennial budget period began July 1, 2019, most of the tax. Read More >>

Manufacturing Business Expenses: 4 Tips for Deducting Meal & Entertainment Costs

Manufacturing owners have numerous questions around travel and entertainment expenses when attending trade shows, visiting with customers, meeting with suppliers, golf outings and other business trips. The rules and record-keeping can be a nightmare for the accounting team and. Read More >>