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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

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 >>

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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 >>

2019 Business & Finance Hot Topics for Nonprofits

The first quarter of a new year is a good time to review any challenges or opportunities that your organization may face. Looking early in the year allows you enough time to put any critical processes in place or. Read More >>

Revenue Recognition Issue 12 – Special Focus: Nonprofit

The good news for nonprofits is that contribution revenue was determined by the accounting standard setters to be “out of scope” for these new standards. Accordingly, no assessment of contribution revenues is required; however, these organizations don’t just get. 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 >>

Nonprofit Insights: Nonprofit Internal Controls Fight Technology-Related Fraud

The ability to make and accept online payments and maintain databases (with detailed constituent profiles) offers obvious benefits to nonprofits under time and financial pressures. But it may also be subject to fraud attempts that can dodge your traditional. Read More >>

The Care and Feeding of Nonprofit Executives: How to Balance Fair Compensation and IRS Requirements

The CEO of a nonprofit organization is the most visible, and likely, the most influential position in the organization. Great efforts should be expended in recruiting and retaining the right person for the job. It is vitally important to. Read More >>

Nonprofit Insights: Changes on the Horizon – The New Nonprofit Reporting Standards

The Financial Accounting Standards Board (FASB) Accounting Standards Update 2016-14 (“ASU”) marks one of the most impactful financial reporting standard changes to nonprofit accounting guidelines in more than 20 years. Through these changes, the FASB expects to bring increased. Read More >>

Nonprofit Fundraising: Discover the Power of the Crowd

Nonprofit fundraisers know they have to “go where the money is.” And these days, it seems like a lot of the money is in crowdfunding. Just witness the incredible success of all the recent “ice bucket challenges” and high-profile. Read More >>

8 Tips for Creating an Effective Survey

  So you want to survey your members, donors or other constituents for feedback on a program, project or event? If you haven’t created a survey before, don’t fret. Just keep in mind certain rules and the rest will. Read More >>

Credit Card Use: Having a policy can thwart misuse

When it comes to fraud in an organization, credit cards are frequently a fraudster’s tool. Because the use of credit cards is so commonplace today, there’s always the risk of improper charges to your account. Credit card misuse could. Read More >>