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2017 Cost-of-Living Adjustments

November 2, 2016 Tax Advisor

  The IRS recently announced the 2017 cost-of-living adjustments (COLA) that impact retirement plans and the Social Security Wage Base (SSWB). After little to no increases in the SSWB over the past few years, the SSWB increased by over. Read More >>

Buyer Beware: How to Perform Proper Due Diligence

October 25, 2016 Valuation

You think you’ve found it — the right company to buy. You’ve made a bid, signed a letter of intent and have the seller’s financial statements. They look good, but is the seller telling the whole story? Caveat emptor.. Read More >>

Treasury Issues Final Guidance on Section 385 Earnings Stripping Regulations

October 19, 2016 Tax Advisor

  The U.S. Department of the Treasury and IRS have issued final and additional temporary regulations (Section 385 Final regulations) providing guidance on the treatment of related party debt. These regulations restrict the ability of corporations to strip income. Read More >>

Reporting Rule Changes for Nonprofits: ASU 2016-14

October 18, 2016 Nonprofit

Accounting Standards Update 2016-14 Not-for-Profit Entities (Topic 958) Presentation of Financial Statements of Not-for-Profit Entities The Financial Accounting Standards Board (“FASB”) issued an accounting standards update in August 2016 to improve the information provided in not-for-profit financial statements and. Read More >>

Identifying and Preventing Profit Fade

October 13, 2016 Construction

As a construction business owner, you’ve probably completed a job with high hopes only to find that the anticipated profit had somehow evaporated. That is, the costs of performing the work equaled or exceeded the revenue it brought in.. Read More >>

BMF Associate Promotions

We are pleased to announce the following promotions within Northeast Ohio: Samantha M. Rathburn, CPA, to Manager, Taxation Services. Samantha serves a variety of industries including service, real estate, and restaurant hospitality. Her expertise includes C-corporations, S-corporations, limited liability. Read More >>

IRS Warns of Fake Tax Bills: Do Not Fall Victim

In today’s age of technology, there seems to be a new scam daily and more and more of them are involving the Internal Revenue Service (IRS) and taxes. The IRS issued an alert informing taxpayers of the most recent. Read More >>

Libman, Skakun, Recognized for Commitment to Community

September 22, 2016 Breaking News and AlertsNonprofit BMF

Bober Markey Fedorovich (BMF) is pleased to announce that two of its members have been recognized for their continued commitment and ongoing efforts for the betterment of our communities. Keith Libman, partner, has been named to the 2016 Class. Read More >>

Fraud Prevention: What Works?

According to the Association of Certified Fraud Examiners (ACFE) most recent Report to the Nations on Occupational Fraud and Abuse, the typical organization loses 5% of its revenues to fraud each year. The median loss caused by fraud is. Read More >>

Building Future Leaders: BMF Introduces Inaugural Summer Leadership Program

August 28, 2016 BMF Insights BMF

“I expected two days of seminars, but what I experienced was hands-on learning—not just about accounting or the firm, but about myself, my leadership style and the opportunities in a regional firm,” said Megan, a participant in “Building My. Read More >>