BREAKING NEWS

BMF is Named a Top 200 Firm

BMF has been recognized as a 2019 Top 200 Firm by INSIDE Public Accounting – the leader in CPA firm rankings and benchmarking reports.

Articles & Publications

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Employee Benefit Plan Seminar Takeaways: Audit & Accounting, Tax, Tech and Legal

Changes on the Horizon: Accounting Standards & Audit Update SOC reports provide a deeper understanding of your service provider’s complex control environments and are key to your organization’s overall risk assessment process. Request a copy of your service provider’s. Read More >>

Savanna Roberts Named a Twenty in their 20s Recipient

June 25, 2019 BMF in the NewsBMF Insights BMF

We are pleased to announce that Savanna Roberts has been named 2019 Class of Crain’s Cleveland Business‘ Twenty in their 20’s. Applications are submitted from across Northeast Ohio to be one of the 20 people named to this “rising. Read More >>

Construction Succession Planning and Ownership Transition

As this next wave of construction company owners begins planning their retirement, their children begin contemplating their own long-term career commitments. Many times, owners must consider other succession plan opportunities because what was once thought of as a family-owned. Read More >>

Disaster Planning: Plan for the Possible

  “One cannot plan for the unexpected.” – Aaron Klug   According to the Institute for Business and Home Safety, an estimated 25% of businesses don’t reopen following a major disaster. The Federal Emergency Management Association (FEMA) paints an. Read More >>

Introducing the BMF Cyber Technology Group

There could not have been a better occasion. As we continue the momentum of our 60th anniversary year, we are excited to announce our new practice area, BMF Cyber Technology Group (CTG). This new service line will offer a. Read More >>

Shareholder Loans – The Real McCoy

As part of the appraisal process, the value of a shareholder loan is considered, which oftentimes leads to these loans being adjusted. Back in college, accounting 101 instructed us on the treatment of loans. Loans owed to the company. Read More >>

New Rules Clarify Nonprofit Accounting for Grants and Contributions

When the Financial Accounting Standards Board (FASB) released new rules for revenue recognition, contributions were specifically excluded from the scope of the revenue recognition standard. This prompted the FASB to provide further guidance in its Accounting Standards Update (ASU). Read More >>

Avoiding and Resolving Post-Acquisition Disputes

Sometimes mergers and acquisitions don’t meet the expectations of the buyer and/or seller for a variety of reasons. In some cases, forecasted results contain unrealistic synergies or cost savings. In other cases, misrepresentations are made regarding the Company’s historical. Read More >>

Managing Cybersecurity Risks: 5 Steps to Protect Your Employee Benefit Plan NOW

News stories of large corporations becoming victims of cyber attacks have become ubiquitous. And while it may seem that large corporations are easy targets because of their size and significant data, employee benefit plans can just as easily be. Read More >>

Construction Industry Outlook for 2019

The first quarter of 2019 is showing signs of a slowdown for the Construction Industry, and trade groups like FMI and other construction associations have been acknowledging the slower pace. An indication from the Dodge Momentum Index shows a. Read More >>