BREAKING NEWS

BMF Akron Office Closure Beginning May 1

Beginning May 1, our Akron Office will be closed to the public for renovations but will remain available to assist you. Contact your BMF Advisor or call 330.762.9785 to speak with someone who can help. We anticipate renovations taking several weeks, so stay tuned for updates!

Articles & Publications

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BMF Announces the Promotion of Six Associates in Northeast Ohio

September 20, 2018 BMF InsightsBreaking News and Alerts BMF

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 >>

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 >>

Staff Highlights – 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 >>

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 >>

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

September 18, 2018 Nonprofit

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 >>

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 >>

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

September 18, 2018 Construction

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 >>

Partner’s Perspective: Should You Change Your Business – or Transform it?

As the market and technological needs evolve, every company needs to change in some way. There’s even a formal term for the undertaking: “change management.” From an operational standpoint, change involves opening the hood and switching out old engine. Read More >>

401(k) Plan Loans: What Are Employees’ Options When They Depart?

September 18, 2018 Benefit Plans

Employees who have outstanding 401(k) plan loans when they leave their job are sometimes faced with the difficult quandary of needing to repay the loan in full within 60 days of termination of employment. If the loan isn’t repaid. Read More >>