BREAKING NEWS

BMF Named a 2019 All-Star in Niche Specialization

BMF has been named to INSIDE Public Accounting’s (IPA)2019 All-Stars Specialized Niche Firms for our significant and robust niche practice.

Articles & Publications

2019 BMF Year in Review

Dear Clients and Friends, We’ve frequently been hearing, especially in our own accounting profession, the breathless warnings of the disruptive changes that are re-defining what we do. With all this buzz, it’s certainly easy to feel overwhelmed by the. Read More >>

All Posts

Overcoming Resistance to Innovate: Become a change agent

We all know that the greatest obstacle to innovation isn’t the change itself, but the reluctance of accepting it. Fear of the unknown is a major culprit to this adverseness. Employees, and people in general, are concerned about their. Read More >>

Valuing the Cost of Customer Relationships

The costs of acquiring and retaining customers can be astronomical. We know the costs of attracting and maintaining customer relationships in salaries, commissions and proposals, but oftentimes businesses fail to see the cost of maintaining relationships. This includes low. Read More >>

Succession Planning: The Benefits of a Family Limited Partnership

Business succession planning is one of the biggest concerns for business owners. While there are several options to consider, transferring ownership and control of the company to the next generation is one of the most common. A Family Limited. 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 >>

Building a Map of Northeast Ohio Influencers

“Do you know someone that can help?” It’s a question we hear a lot from our clients when they need a new attorney who specializes in patents or a great HR recruiter to find talent in a tough market.. Read More >>

The Buy-Side Evaluation of Net Working Capital

as seen in Crain’s Cleveland Business, Jan. 21, 2019 In a business acquisition, the buyer should receive sufficient net working capital (“NWC”) to operate the business in its ordinary course. The assessment and negotiation of NWC is important; however,. 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 >>

Ownership Transition: Valuation is Key to Succession Planning

Most business owners spend a lifetime building their business. When it comes to succession, business owners need to weigh the benefits and detriments of a variety of potential exit strategies. This could involve selling to either a strategic or. 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 >>

Show Me the Money (and where it goes): The New Revenue Recognition Standards

There aren’t many instances when the accounting industry faces a game changer. But with the new Revenue Recognition Standard FASB has put in place, that’s exactly what every company will experience in its day-to-day accounting practices. To make sense. Read More >>