BREAKING NEWS

Announcing Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Marie Lenarduzzi!

Articles & Publications

Is Your Business Healthy?

As a business owner, your goal is to nurture and grow a successful company. But maybe your goal should be aiming for a successful and healthy company; because unfortunately, “successful” doesn’t always equal “healthy.” Yes, a successful business is. Read More >>

BMF’s Commitment to Quality Demonstrates Significant Value as DOL Releases EBP Audit Quality Report

Our long-standing commitment to audit quality is more important than ever in light of the U.S. Department of Labor’s (DOL’s) recently issued Audit Quality Study. BMF been a member of the AICPA’s Employee Benefit Plan Audit Quality Center since. Read More >>

Best Practices: Keeping Tabs on Service Providers

Selecting competent service providers and advisors is one of a plan sponsor’s most important responsibilities. But the responsibility doesn’t end there — the Department of Labor specifically tasks fiduciaries with periodically monitoring the activities of each service organization to. Read More >>

Keeping a Weekly Scoreboard

How is your business doing? More importantly, how do you know how it’s doing? Most business owners have a sense of how their company is performing, but relying on instinct doesn’t often translate to the bottom line. Without regular. Read More >>

New Rules for Multi-Employer Pension Plans

Among the many tax extender provisions in the newly signed Tax Increase Prevention Act of 2014 (the “Act”) was a provision that could potentially affect multi-employer defined benefit pension plans, such as union plans or groups of companies sharing. Read More >>

New Accounting Alternative for Private Company Business Acquisitions

On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination. Previous U.S. GAAP regulations mandated that the acquirer of a business must identify and. Read More >>

Accounting for Revenue Recognition Will be Changing Soon

After nearly 13 years of work, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) issued their converged standard on revenue recognition on May 28.  The objective of the new revenue standard is to provide a. Read More >>

Now is the Time to Consider Amending Qualified Plans for Same-Sex Marriages

The Internal Revenue Service (IRS or Service) recently issued guidance on how qualified retirement plans must treat the marriages of same-sex couples. The notice provides an effective date and retroactive effect for implementing the Windsor decision as well as. Read More >>

Big GAAP vs. Little GAAP vs. No GAAP

The AICPA Issues the Financial Reporting Framework for Small- and Medium-Sized Entities In June 2013, the American Institute of CPAs issued the Financial Reporting Framework for Small- and Medium- Sized Entities (FRF for SMEs), a new option for businesses. Read More >>

Private Company Counsel provides relief from consolidation rules

Relief, at long last!  On March 20, the Financial Accounting Standards Board (FASB) issued long-sought relief to private companies from a rule that required them to consolidate separate companies under common control when one of the companies leases from. Read More >>