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Assessing the Profitability of Your Products

As a manufacturer, it’s essential to have a clear understanding of the profitability of your individual products, not just your overall company profitability. By assessing the profitability of each product line, you can optimize your strategies and make informed. Read More >>

Ohio Back-to-School Sales Tax Holiday – Aug 4-6, 2023

The Ohio Department of Taxation announced that the 2023 Sales Tax Holiday will begin on Friday, August 4 and run through Sunday, August 6 at 11:59 pm. During the holiday, the following items purchased for personal use will be exempt from. Read More >>

Melissa Dunham and James Skakun Named Partner

It is with great pride and purpose that we announce the appointment of Melissa G. Dunham, CPA, MTax, MBA, and James B. Skakun, CPA, as our newest partners. Their exceptional expertise and leadership will further strengthen BMF’s capabilities in. Read More >>

Exploring Financing Options for Your Business

In today’s uncertain economic climate, business owners face challenges in selecting the right financing options to support their operations and navigate financial uncertainties. Whether you require funding for equipment upgrades or wish to expand your business, it’s crucial to. Read More >>

Staff Highlights – Spring 2023

May 18, 2023 BMF InsightsMeet Our Team BMF

New Associates We are excited to announce and welcome the following additions to our professional staff. Staff & Community Updates Help isn’t only defined in a business context. We encourage our teams to invest in our communities, each other,. Read More >>

Sara Martin Named Chief Operating Officer

We are proud to announce that Sara M. Martin, PHR®, has been promoted to the role of Chief Operating Officer. After an extensive search of more than 250 candidates, BMF’s executive committee moved to promote from within by appointing. Read More >>

Discounting Damages: How a Dollar Today is Worth More Than a Dollar Tomorrow

April 17, 2023 Valuation

When it comes to calculating economic damages in legal cases, financial experts are tasked with discounting lost profits to their net present value. But determining the appropriate discount rate can be a complex process that requires a deep understanding. Read More >>

BMF Named a 2023 Great Lakes Regional Leader by Accounting Today

Accounting Today, the premier publication of the certified public accounting industry has again included BMF on the list of its 2023 Top Firms in the Great Lakes region – an area that includes the states of Illinois, Indiana, Michigan,. Read More >>

DOL Issues Changes to Form 5500: Smaller Benefit Plans To Be Excused From Audits Starting in 2024

The U.S. Department of Labor (DOL) has recently modified long-standing rules regarding which plans are required to be audited annually for filings on Form 5500. The current rules, which will remain effective for 2022, require that any plan with. Read More >>

CECL 2023-2: Types of Financial Assets within the Scope

What Type of Financial Assets are Within the Scope of CECL? The scope of CECL is broad and includes the following: ITEM NATURE Loan Receivables/Notes Receivable Financial Assets measured at amortized cost Held-to-maturity debt securities Financial Assets measured at. Read More >>