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Study Identifies 5 Major Construction Risk Factors

October 5, 2018 Construction

It’s impossible to run any business without incurring risks, but the construction industry is riskier than most. Smart contractors do all they can to understand and mitigate the business threats they face so their businesses remain viable in times. Read More >>

Smart Factories and Blockchain: How to stay on the cutting edge of technology

Most manufacturers have already applied classic business management concepts, such as just-in-time production and continuous improvement initiatives, to enhance cash flow and efficiency. But those efforts might not be enough to stay competitive in a technology-driven marketplace. Here’s how. Read More >>

BMF Adds Two New Associates

September 26, 2018 BMF InsightsBreaking News and Alerts BMF

We are pleased to announce the following professionals have joined our Northeast Ohio team. Sarah Dauerman, senior audit accountant, graduated from Ohio University and spent the past three years at a Columbus-based regional firm where she served on the. Read More >>

Revenue Recognition Issue 7 – Recognize Revenue When/As Performance Obligations Are Satisfied

Now that you have identified the contract and the underlying performance obligations, gathered information to assess the transaction price, and allocated the transaction price to the individual performance obligations, in this final step you’ll need to determine when to. Read More >>

BMF Announces the Promotion of Six Associates in Northeast Ohio

September 20, 2018 BMF InsightsBreaking News and Alerts BMF

We are pleased to announce the promotions of six associates within Northeast Ohio. Dana E. Mountjoy, CPA, to Senior Manager, Assurance and Advisory Services. Dana brings nine years of experience at both a Big 4 and national firm, with. Read More >>

Revenue Recognition Issue 6 – Allocate Transaction Price to Performance Obligations

Now that the transaction price has been identified under the contract, an analysis should be performed to allocate the transaction price amongst the performance obligations under the contract. These allocations will not always be obvious and will require significant. Read More >>

BMF Insights: Leveraging Strengths

September 18, 2018 BMF Insights BMF

“You need to be more well-rounded.” “You need to focus on your weaknesses.” “You need to be more like this and less like that.” Like most of us, you’ve likely heard these statements echoed throughout your professional career, if. Read More >>

Staff Highlights – Fall 2018

September 18, 2018 BMF InsightsMeet Our Team BMF

To support the continued growth of our practice, we are pleased to announce the following additions to our professional staff: Sarah Dauerman, senior audit accountant, graduated from Ohio University and spent the past three years at a Columbus-based regional. Read More >>

4 Questions to Ask Before Hiring Household Help

When you hire someone to work in your home, you may become an employer. Thus, you may have specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes, and possibly federal and state unemployment insurance.. Read More >>

Take Control: Your Nonprofit’s Future Starts with a Strategic Plan

September 18, 2018 Nonprofit

Every organization can benefit from a strategic plan that defines its mission and values and outlines strategic goals and the steps necessary to achieve them. Frequent adjustments and updates can keep the plan relevant to your changing environment. If. Read More >>