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The Care and Feeding of Nonprofit Executives: How to Balance Fair Compensation and IRS Requirements

The CEO of a nonprofit organization is the most visible, and likely, the most influential position in the organization. Great efforts should be expended in recruiting and retaining the right person for the job. It is vitally important to. Read More >>

Business Basics: Manage Cash Flow to Keep Your Company Healthy

Many manufacturers and distributors are experiencing slower payments these days — a hangover from the recession that some larger customers have held on to. It’s not unusual for buyers to stretch their payments from 60 to 75 or even. Read More >>

What Does the Future Hold for Your Cash Flow?

They say you can’t predict the future. Technically, that’s true — no one can say, within every minute detail, what will happen tomorrow. But, when it comes to their cash flow, contractors must at least try. Knowing what the. Read More >>

Monitoring Service Provider Performance: The Role of Type II SOC 1 Reports

It’s not uncommon for sponsors of employee benefit plans to outsource key functions like accounting and recordkeeping to third-party service providers. But this doesn’t absolve plan sponsors the responsibility for monitoring these key functions adequately or the overall financial. Read More >>

Payroll Controls: Is Your Data Accurate and Secure?

Data accuracy is crucial when managing employee benefit and retirement plans. Errors and mistakes can lead to inaccurate deferral amounts, delayed enrollment dates and incorrect calculation of eligible compensation, to name just a few problems. Much of the data. Read More >>

BMF Adds Seven New Hires

May 21, 2018 Breaking News and Alerts BMF

We are pleased to announce the following professionals have joined our Northeast Ohio team. Bryan Smith, IT network manager, senior technical lead, brings an extensive breadth of experience working with the ins and outs of virtual computing, security implementations,. Read More >>

Tax Reform Series #6: Tax Savings from Accounting Methods

The Internal Revenue Service is working to implement the major tax changes approved by Congress in the Tax Cuts and Jobs Act of 2017 (“TCJA”), including several provisions reforming and simplifying accounting methods for small businesses. Our latest Tax. Read More >>

Tax Reform Series #5: Meals & Entertainment Deduction Limitations

The Meals and Entertainment deductions have stricter limitations under the Tax Cuts and Jobs Act of 2017 (“TCJA”). Our latest Tax Reform Advisor focuses on changes that were made to Internal Revenue Code Section 274 “Disallowance of Certain Entertainment,. Read More >>

Tax Reform Series #4: Transition Tax on Offshore Earnings

March 14, 2018 Tax Advisor

The Tax Cuts and Jobs Act has proven to be more complex than it appears, and the international tax provisions are no exception. This week’s alert describes the transition tax that converts our tax system from worldwide taxation to. Read More >>

Lease Accounting: Not As Far Away As It Seems

With the massive changes coming to revenue recognition, it’s easy to forget that there are also some significant changes to lease accounting closely following. The new lease standard supersedes FASB ASC 840 and becomes effective for non-public companies for. Read More >>