BREAKING NEWS

John Jenkins Named Newest Partner at BMF

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

Articles & Publications

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 >>

All Posts

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 >>