BREAKING NEWS

Announcing Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Marie Lenarduzzi!

Articles & Publications

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

In June, we hosted a seminar on the key items facing employee benefit plan administrators. Below are the top takeaways from the program. Changes on the Horizon: Accounting Standards & Audit Update SOC reports provide a deeper understanding of. 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

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 even bleaker picture, putting the number between 40-60%, with another 25%. 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

May 21, 2019 Valuation

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 >>

When Owners Hang On Too Long: The Business of Letting Go

When you’ve devoted your life and career to the success and sustainability of your business – the business you, your parents or grandparents may have started – oftentimes it’s hard to let go.  But staying on isn’t always what’s. Read More >>

Red Flags for Ponzi Schemes

Have you ever heard the phrase “rob Peter to pay Paul”? This, my friends, is a great metaphor for how a Ponzi scheme works. Essentially, this phrase means to take something away from one person (Peter) to pay another. Read More >>