BREAKING NEWS

Costantini, Mitchell, Petersen, Shulas Promoted to Director

We are excited to announce the creation of a new Director role within the firm and have appointed four of our leaders to hold these positions.  

Articles & Publications

All Posts

A Look Inside 100 Years

February 1, 2015 BMF Insights

It was the second week of November and I was making my way up to our new Cleveland office in stop-and-go traffic from the moment I got onto I-77. I was anxious to get there on time, nervous about. Read More >>

New Revenue Recognition Standard: Changes for Long-Term Contracts

For six years now, construction industry leaders and accounting professionals have been nervously following the progress of a new revenue reporting standard that was being developed by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board. Read More >>

Understanding Working Capital Impact on M&A Deals

Crain’s Cleveland BusinessIssued the week of Sunday, January 18, 2015 By Mark B. Bober The way working capital is structured in any M&A deal can be an important consideration in the economics of the agreement.  A typical deal is. Read More >>

Trusts 101: Understanding an Important Estate Planning Tool

January 15, 2015 Tax Advisor

  When people think about setting up a trust fund, they often think that trusts are only for the wealthy, which is not the case. Anyone can utilize a trust in their estate plan as an instrument to distribute. 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 >>

7 Threats That Can Bring a Nonprofit Down

By their very nature, nonprofits embrace risk. They start with little more than a bold dream and desire to make a difference. But risk has a way of blindsiding unwary nonprofits. Below we’ve listed the top seven threats for. 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 >>

President Signs Tax Extenders Bill; Business and Individual Provisions Reinstated

  On December 19, 2014, President Obama signed into law H.R. 5771, the Tax Increase Prevention Act of 2014. As mentioned in our December 17th summary article, The Act is retroactive to January 1, 2014. It provides temporary tax. Read More >>

Tax Breaks Likely to be Extended Temporarily Through December 31, 2014

  On December 3, 2014, the House of Representatives voted 378 to 46 to pass H.R. 5771, the Tax Increase Prevention Act of 2014.  The Senate voted yesterday, December 16, 2014, to pass it. The bill will now be. Read More >>

Ohio Employers Incur Additional Unemployment Tax

  2014 FUTA Credit Reduction States Released The Department of Labor (DOL) has announced the final list of states with an outstanding balance under Title XII of the Social Security Act, which affects the FUTA tax rate credits for. Read More >>