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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 >>

Finding the Value of a Noncompete Agreement

August 23, 2016 Valuation

Noncompete agreements help businesses retain valuable employees, safeguard inside information and prevent unfair competition. But although they’re designed to protect companies, they can also put them at great risk if they’re not properly structured and maintained. It can be. Read More >>

Retirement Plan Contributions: Timing is Everything

The U.S. Department of Labor (DOL) has a specific definition for “timely” remittance of employee contributions: “the earliest date that is reasonably possible to segregate the contributions from the employer’s general assets, but no later than the 15th business. Read More >>

New Proposed Regulations Impact Valuation Discounts for Transfers of Family-Owned Businesses

  Last week the Internal Revenue Service (IRS) released proposed regulations under Internal Revenue Code Section 2704 (Section 2704) that impact the valuation of interests in closely held businesses for estate and gift tax purposes. As mentioned in our. Read More >>

Nonprofit Fundraising: 5 Ways to Account for Promises to Give

July 27, 2016 “Promises are like crying babies in a theater, they should be carried out at once.”  – Norman Vincent Peale Ah, if it was only so easy. In the world of nonprofit fundraising, much-needed support often comes. Read More >>