BREAKING NEWS

John Jenkins Named Newest Partner at BMF

We are pleased to welcome with pride and purpose our newest partner, John Jenkins!

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Revenue Recognition Issue 7 – Recognize Revenue When/As Performance Obligations Are Satisfied

Now that you have identified the contract and the underlying performance obligations, gathered information to assess the transaction price, and allocated the transaction price to the individual performance obligations, in this final step you’ll need to determine when to. Read More >>

BMF Announces the Promotion of Six Associates in Northeast Ohio

We are pleased to announce the promotions of six associates within Northeast Ohio. Dana E. Mountjoy, CPA, to Senior Manager, Assurance and Advisory Services. Dana brings nine years of experience at both a Big 4 and national firm, with. Read More >>

Revenue Recognition Issue 6 – Allocate Transaction Price to Performance Obligations

Now that the transaction price has been identified under the contract, an analysis should be performed to allocate the transaction price amongst the performance obligations under the contract. These allocations will not always be obvious and will require significant. Read More >>

Meet Our Team: Mark A. Rossetti, CMI

September 18, 2018 BMF InsightsMeet Our Team BMF

In many ways, Mark’s a repairman. As a dedicated senior manager in the firm’s state and local tax (SALT) practice, Mark often works with clients on correcting oversights, handling liens and audits, and installing compliance practices for proper recognition. Read More >>

BMF Insights: Leveraging Strengths

September 18, 2018 BMF Insights

“You need to be more well-rounded.” “You need to focus on your weaknesses.” “You need to be more like this and less like that.” Like most of us, you’ve likely heard these statements echoed throughout your professional career, if. Read More >>

About Our Staff – Fall 2018

September 18, 2018 BMF InsightsMeet Our Team BMF

To support the continued growth of our practice, we are pleased to announce the following additions to our professional staff: Sarah Dauerman, senior audit accountant, graduated from Ohio University and spent the past three years at a Columbus-based regional. Read More >>

Take Control: Your Nonprofit’s Future Starts with a Strategic Plan

Every organization can benefit from a strategic plan that defines its mission and values and outlines strategic goals and the steps necessary to achieve them. Frequent adjustments and updates can keep the plan relevant to your changing environment. If. Read More >>

4 Questions to Ask Before Hiring Household Help

September 18, 2018 Tax Advisor

When you hire someone to work in your home, you may become an employer. Thus, you may have specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes, and possibly federal and state unemployment insurance.. Read More >>

Nasty Numbers: 7 red flags to watch out for in your financial statements

Financial statements show not only where a construction company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on — before they turn. Read More >>

Leases and Contract Revenue: Get ready to roll out the new accounting standards

Two major accounting rule changes will soon go into effect — and they’re expected to have major impacts on how many manufacturers and distributors report their financial results. Here are the details, including what’s changing, when the changes must. Read More >>