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FASB Approves Delay for 3 Accounting Standards: Leases, Credit Losses, Hedging Dates Deferred

After a unanimous vote on Wednesday, the Financial Accounting Standards Board (FASB) approved proposals to delay the effective dates for three of its major accounting standards: leases, credit losses and hedging. As we reported back in July, the FASB. Read More >>

The Three C’s of Cybersecurity Awareness

October 15, 2019 Technology

Awareness in cybersecurity is a relatively simple concept; however, staying positive while also remaining vigilant is easier said than done. After the social media white noise of National Cybersecurity Awareness Month dies down, how can we remain on a. Read More >>

4 Steps to an Effective Fraud Prevention Strategy

Fraud perpetrated against a company can result in significant damages and recent data suggests that fraud losses at manufacturing companies can be particularly devastating. According to the 2018 Report to the Nations published by the Association of Certified Fraud. Read More >>

Department of Labor Raises Pay Threshold for Exempt Workers to $35K

1.3 million American workers now eligible for overtime pay Earlier this week, the Department of Labor (DOL) issued the final overtime rule to make an additional 1.3 million American workers eligible for overtime pay. The ruling updates earning thresholds. Read More >>

Managing Risk from Construction Change Orders

September 24, 2019 Construction

“That project finished exactly as the contract stated,” said no Construction owner, ever. Managing risk is key to any successful construction project. And while change is to be expected with nearly all projects, change orders can present a significant. Read More >>

Matthew Mallinak Named Partner at BMF

Matthew R. Mallinak, CPA, has been named our newest partner at BMF. Matt specializes in serving middle-market growth companies in manufacturing/distribution, construction, retail and financial industries. He brings an unusual combination of skills in serving both privately held as. Read More >>

BMF Announces the Promotion of 11 Associates

AKRON, OH – September 17, 2019 – Bober Markey Fedorovich (BMF) a top 20 regional CPA and advisory firm, is pleased to announce the promotions of 11 associates within Northeast Ohio. Jessica L. Tepus, CPA, MTax, to Senior Manager,. 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 >>

Due Diligence: Staying ahead of the game

September 11, 2019 Valuation

You wouldn’t buy a car without having your trusted mechanic look under the hood, right? That same idea should be applied when buying a company without having your trusted financial advisor perform due diligence. Whether you’re buying a car. Read More >>

Recruiting: A Continuous Challenge for Construction Contractors

September 9, 2019 Construction

The construction industry faces a number of tumultuous challenges. From unreliable subcontractors, scheduling challenges, high insurance costs, available cash, tax reform, turbulent weather conditions and technology adoption, there’s no shortage of challenges, but recruiting remains the top focus for. Read More >>