BREAKING NEWS

Stephen Mazza Joins BMF as Partner!

BMF welcomes with pride and purpose, our newest partner and member of the firm, Stephen Mazza!

Articles & Publications

ASC 842 – Adopting the New Lease Standard

September 12, 2022 Accounting & Finance

What is the New Lease Standard? The objective of the new lease standard is to include all lease commitments in financial statements, as opposed to the previous practice of excluding operating leases. This change ensures that the financial statements. Read More >>

Federal COVID Funding Could Trigger Single Audit Requirement

COVID-19 has had a significant economic impact in the United States. Some nonprofit organizations were compelled to temporarily close, execute their mission remotely or restructure their operations entirely. The Federal Government responded by releasing considerable amounts of funding to. Read More >>

Employee Benefit Plan Audits: What It Is and When You Might Need One

June 18, 2021 Benefit Plans

Background The Employee Retirement Income Security Act of 1974 (ERISA) requires that certain companies offering employee benefit plans must have their plan audited annually. The audit reports not only on the plan’s financial standing but the process can also. Read More >>

When Bad Things Happen to Good Plans: Preventing errors with eligible compensation plans

For even the most well-intended and conscientious plan sponsor, the complex rules and regulations regarding retirement plans can result in the occasional error in administration or operation. Operational errors are made while carrying out the plan in accordance with. Read More >>

Multiple Employer Plans: DOL Ruling May Provide U.S. Workers with Greater Access to Retirement Plans

September 13, 2019 Benefit Plans

Employer-sponsored retirement savings plans are a proven means for helping working Americans meet their financial needs after they exit the workforce. Some employers would like to offer their workers a retirement plan, but they’re discouraged by concerns related to. Read More >>