BREAKING NEWS

BMF Named a 2021 Best of the Best Firm!

We have again been named to the IPA’s 2021 Best of the Best Firms list, which recognizes the highest-performing firms within the accounting profession.

Articles & Publications

Claims Management: Quick Response Is Critical When Disputes Arise

July 21, 2015 Construction projects are, by their very nature, complex processes with many variables and numerous interested parties. In any such situation, misunderstandings and disputes are often inevitable. As business accelerates these days, disputed claims are also increasing.. Read More >>

FASB Proposes Substantial Accounting Changes for Nonprofits

On April 22, 2015, the Financial Account Standards Board (FASB) proposed changes to the financial reporting requirements for not-for-profit organizations (NFPs). The proposal is intended to improve the current requirements for net asset classification and the information presented in. Read More >>

Considerations When Working Across State Lines

As a contracting business grows, it’s likely that it will eventually begin pursuing work in a neighboring state. When this happens, there are a number of tax, licensing and permitting issues to consider. On the other hand, if your. Read More >>

Nonprofits and Leases: Understanding the Options (and Opportunities)

When it comes to facilities, every nonprofit has to answer the question at one time or another: “Should we lease or buy?” Certainly, if a nonprofit has enough cash for the standard 30-35 percent down payment, buying a facility. 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 >>

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 >>

Succession Planning: Build Value into Your Company

The construction industry is notoriously cyclical — boom-and-bust patterns seem to repeat at regular intervals. As they look back over the latest cycle, many experienced contractors are deciding they don’t want to struggle through another downturn in five or. Read More >>

Eyes Wide Open: Who’s Watching Your Organization?

When it comes to nonprofits, there are plenty of prying eyes out there. Of course, state authorities are keeping their eyes peeled (approximately 45 states regulate nonprofit fundraising). And the IRS has made nonprofit governance a major focus area.. Read More >>