BREAKING NEWS

Announcing Our Newest Partner

BMF welcomes with pride and purpose, our newest partner, Marie Lenarduzzi!

Articles & Publications

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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 >>

Understanding Working Capital Impact on M&A Deals

Crain’s Cleveland BusinessIssued the week of Sunday, January 18, 2015 By Mark B. Bober The way working capital is structured in any M&A deal can be an important consideration in the economics of the agreement.  A typical deal is. Read More >>

Trusts 101: Understanding an Important Estate Planning Tool

January 15, 2015 Tax Advisor

  When people think about setting up a trust fund, they often think that trusts are only for the wealthy, which is not the case. Anyone can utilize a trust in their estate plan as an instrument to distribute. Read More >>

New Rules for Multi-Employer Pension Plans

Among the many tax extender provisions in the newly signed Tax Increase Prevention Act of 2014 (the “Act”) was a provision that could potentially affect multi-employer defined benefit pension plans, such as union plans or groups of companies sharing. Read More >>

7 Threats That Can Bring a Nonprofit Down

January 8, 2015 FraudNonprofit

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 >>

New Accounting Alternative for Private Company Business Acquisitions

On December 23, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards update No. 2014-18, Accounting for Identifiable Intangible Assets in a Business Combination. Previous U.S. GAAP regulations mandated that the acquirer of a business must identify and. Read More >>

Ohio Employers Incur Additional Unemployment Tax

  2014 FUTA Credit Reduction States Released The Department of Labor (DOL) has announced the final list of states with an outstanding balance under Title XII of the Social Security Act, which affects the FUTA tax rate credits for. Read More >>

New E-Filing Requirement for Ohio Employers and School Districts

December 17, 2014 Tax Advisor

  Effective January 1, 2015, Employer and School District Withholding Tax Payments Must be Made Online On November 13, 2014, Ohio finalized a tax regulation requiring all employer and school district withholding tax payments to be made through the. Read More >>

Year-End Tax Planning: Things to Consider Prior to Year End

December 5, 2014 Tax Advisor

As  year-end approaches, it is a good time to consider any tax planning strategies you can make to minimize your taxes – on both your 2014 and future years’ returns.  We have outlined some approaches you can make both. Read More >>

Libman, Goldstine, Kopperman & Wolf Joins Bober Markey Fedorovich

AKRON, OH – October 28 – Effective November 1, 2014, Libman, Goldstine, Kopperman & Wolf, a downtown Cleveland-based CPA firm, will merge with Bober Markey Fedorovich, one of Northeast Ohio’s largest regional accounting firms. “The merger enhances our client. Read More >>