BREAKING NEWS

BMF Akron Office Closure Beginning May 1

Beginning May 1, our Akron Office will be closed to the public for renovations but will remain available to assist you. Contact your BMF Advisor or call 330.762.9785 to speak with someone who can help. We anticipate renovations taking several weeks, so stay tuned for updates!

Articles & Publications

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2017 Tax Deadlines for Individuals and Businesses

To help you make sure you don’t miss any important 2017 deadlines, we’ve provided a list of important deadlines for the various tax-related forms, payments and when other related actions are due. Be aware that some deadlines have been. Read More >>

Tax Reform Provisions in Proposed Ohio Budget Bill

February 23, 2017 Tax Advisor

  On January 31, 2017, Ohio Governor John Kasich proposed a new two-year state budget that includes moderate state tax law changes. With Ohio losing revenues from sales taxes on business internet service provider access and Medicaid purchases due. Read More >>

Preparing for Sale: 5 Realities of Business Valuation

February 22, 2017 Valuation

Often, business owners approach a valuation with a mix of excitement and anxiety. Will the valuation go well? Will the results match expectations? Before the process starts, though, a reality check may be in order. It’s wise to keep. Read More >>

Benefit Plan Responsibilities: When Not to Rely on Your TPA

February 16, 2017 Benefit Plans

Outsourcing plan functions to a third party administrator (TPA) is one way that plan administrators can keep their heads above water. But misunderstanding the TPA’s duties can lead to compliance challenges. The problem occurs when plan administrators rely on. Read More >>

FASB Announces One-Step Testing for Goodwill Impairment

In January 2017, the Financial Accounting Standards Board (FASB) issued additional revised guidance for goodwill impairment testing that’s intended to make the process easier and less costly. The latest amendments, found in Accounting Standards Update (ASU) No. 2017-04, Intangibles. Read More >>

Nonprofit Funding: A Closer Look at Quasi-Endowments

The concept of an endowment is well known to anyone in the nonprofit world, which is restricted funds that create indefinite investment income for a specific purpose. There are two principal categories of donor established endowment funds as follows:. Read More >>

Employee Compensation: Recruiting and Retaining Key Personnel

January 18, 2017 Construction

With the construction economy recovering, the need for experienced project managers and supervisors is increasing. Unfortunately, the last downturn drove many experienced professionals out of the industry, so qualified senior project management resources are in limited supply. How can. Read More >>

Transparency can pad a business’s price tag

CRAIN’S CLEVELAND BUSINESS – Best Practices in M&A Issued the week of January 16, 2017 By Mark B. Bober Most studies suggest that 70% to 90% of acquisitions fail to generate the investment returns targeted by the acquirer. M&A. Read More >>

High valuations don’t always mean it’s a good time to sell

Company valuations today are at the highest levels we’ve seen in years. So if you’re a business owner thinking about a liquidity event, now would be a good time, right? Not so fast. Even though the value of their. Read More >>

Know Your Customers Before You Extend Credit

The funny thing about customers is that they can keep you in business — but they can also put you out of it. The latter circumstance often arises when a company overly relies on a few customers that abuse. Read More >>