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FASB Simplifies Balance Sheet Classification of Deferred Taxes; Debt Covenants May Be Affected

December 1, 2015 The FASB has issued a rather significant update to improve upon the balance sheet presentation of deferred taxes. Upon adoption, deferred tax assets or liabilities will be presented on one line item as non-current assets or. Read More >>

FASB Moving Forward with Finalizing Leasing Standards

It’s just about official! Leases are going to be on the balance sheet effective 2019 for public companies and 2020 for private companies. After a vote on Wednesday, November 11th, the Financial Accounting Standards Board (FASB) will finally publish,. Read More >>

Does My Benefit Plan Really Need an Audit?

November 4, 2015 Benefit Plans

Understanding the 80-120 Participant Rule When it comes to determining the size of your employee benefit plan, nothing seems to cause more confusion among plan sponsors than the so-called “80-120 Participant Rule.” In general, Department of Labor (DOL) regulations. Read More >>

Growth Strategies: Things to Consider When Evaluating an Acquisition

October 14, 2015 Construction

Analysts tell us the construction industry has been experiencing strong merger and acquisition (M&A) activity in the past year or so. According to one study, 2014 saw more than 218 major deals (deals worth more than $50 million) in. Read More >>

Financial Literacy: Does Your Board Really Know the Numbers?

October 13, 2015 Nonprofit

Nonprofit board members have a legal obligation to the organization’s fiscal health. Yet, many struggle to fulfill their fiduciary duties related to budgeting, finance and oversight. The culprit is often a fundamental disconnect between the nonprofit and for-profit worlds.. Read More >>

Bober Markey Fedorovich Expands Leadership in Transactions, Litigation, Valuation, and Forensics

October 7, 2015 Breaking News and Alerts BMF

AKRON, OH – September 29, 2015 – Bober Markey Fedorovich (BMF), a top 20 regional CPA and advisory firm, has expanded its management team in the firm’s Transactions, Litigation, Valuation, and Forensics with the addition of Bryant Petersen, MBA,. Read More >>

Bober Markey Fedorovich Promotes Eight Associates

September 30, 2015 Breaking News and Alerts BMF

AKRON, OH – September 24, 2015 – Bober Markey Fedorovich (BMF) recently promoted eight of its associates within the firm: Jennifer L. Aubley, CPA, promoted to Manager, Advisory and Assurance Services. With more than 15 years of experience serving. Read More >>

Potential Changes for Valuing Closely Held Business Interests in Intra-Family Transfers – Limiting the Use of Valuation Discounts

  There have been recent rumblings that the IRS might soon publish regulations limiting use of certain valuation discounts for estate and gift transfers of closely held business interests to family members.  While the technical details related to such. Read More >>

Treat Your Company Like an Investment

Most manufacturing and distribution business owners dream of exiting their company with money in hand. But interestingly, they often are not strategic about how to make this happen. While they may talk about the future and what they expect. Read More >>

The Ohio Supreme Court Weakens Ohio’s Bright-Line Test for Non-Residency

August 18, 2015 Tax Advisor BMF

August 18, 2015 In Cunningham v. Testa, The Ohio Supreme Court held that the state is permitted to challenge whether a taxpayer is domiciled in Ohio if other evidence available to the state provides a “substantial basis” that the. Read More >>