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Wasteful Thinking: Revamp Warehouse Layout to Improve Efficiency

  You can never be too busy to review warehouses layouts and how employees move around the space. Awkward or repetitive movements by employees, oversized packages, and disorganized layouts can slow down productivity and even lead to medical and. Read More >>

Show Me the Money (and where it goes): The New Revenue Recognition Standards

There aren’t many instances when the accounting industry faces a game changer. But with the new Revenue Recognition Standard FASB has put in place, that’s exactly what every company will experience in its day-to-day accounting practices. To make sense. Read More >>

To Email or Not to Email: Sending ERISA Disclosures Electronically

The ERISA requirements for delivering retirement plan information to participants are extensive — and potentially expensive. As a plan sponsor, you must deliver multiple disclosures to participants on a regular basis, ranging from plan notices to quarterly benefit statements.. Read More >>

Comment Letter on ASB Proposed Statement of Auditing Standards

Earlier this year, the Auditing Standards Board (ASB) issued an exposure draft of a proposed change to the auditing standard which, if adopted, would make radical changes in audit reports for employee benefit plans.  BMF, as a well-recognized industry. Read More >>

Credit Card Use: Having a policy can thwart misuse

When it comes to fraud in an organization, credit cards are frequently a fraudster’s tool. Because the use of credit cards is so commonplace today, there’s always the risk of improper charges to your account. Credit card misuse could. Read More >>

Ohio’s Tax-Free Holiday is Back!

Summer is almost over and back-to-school shopping is right around the corner.  For the third year in a row, The Ohio Department of Taxation has announced a sales tax holiday to help reduce the back-to-school blow to your wallet.. Read More >>

4 lean manufacturing fundamentals you can count on

Originally imported from Japan in the 1980s, lean manufacturing continues to play a key role in every successful U.S. manufacturer. Lean companies make their products as efficiently as possible, using the least possible staff time, equipment and working capital.. Read More >>

Business Valuation: What’s It Worth, and to Whom?

June 6, 2017 Valuation

What is a business worth? It depends on a lot of things. A better question is: What is a business worth to whom? Every valuation has a purpose, and different purposes require different standards of value. For example, if. Read More >>

Compliance Matters: Identifying Compensation Errors

A common operational defect occurs when employee benefit plans do not utilize the proper definition of “eligible compensation” when determining salary deferrals, matching contributions and employer discretionary contributions. Wide-Ranging Definitions The definition of “compensation” can be wide-ranging — covering. Read More >>

LinkedIn Fraud: I’d like to add you to my professional network of targets

May 13, 2017 BMF InsightsFraud BMF

Fraudulent scams preying on unsuspecting victims have become ubiquitous. While more and more people are becoming increasingly aware of Internet schemes, the culprits are getting craftier in their beguiling tricks and traps. While all these scams seem to focus. Read More >>