BREAKING NEWS

BMF Wins Best of Accounting® Award

We have been awarded 2021 Best of Accounting Award for providing superior client service. BMF received significantly higher satisfaction scores than the industry average.

Articles & Publications

Preparing for the New Form 1099-NEC, Nonemployee Compensation

The IRS has reintroduced Form 1099-NEC to help clarify the separate filing deadlines on Form 1099-MISC. Companies that make payments to nonemployee service providers and vendors could face a challenging Form 1099 reporting season for 2020 because of this. Read More >>

Measuring Product Profitability: The Power and Pitfalls of Gross Profit Margin

Let’s start off with a story to show you the power of your gross profit margin: Company A sells 1,000 widgets to three customers at a 20% gross profit of $600. Company B sells 1,000 widgets to 300 customers. Read More >>