Uncategorized

06.10.24
Cory M. Parnell, CPA

Determining Inventory Costs for Your Cannabusiness

Blog
Cannabis
Business Owners
Outsourced Accounting
Business Tax

Since BGM started working with cannabis and hemp companies in 2009, one of the most challenging accounting and tax issues has been determining inventory costs. Determining inventory costs is a...

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06.05.24

Why businesses may want to integrate ESG into strategic planning

Articles
Business Owners
Advisory

When business owners and their leadership teams meet to discuss strategic planning, the primary question on the table is usually something along the lines of, “How can we safely grow...

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06.04.24
Jon T. Meyer, CFP®

What To Do If You Suddenly Come Into A Large Sum of Money?

Blog
Young Inheritors
Business Owners
Wealth Management

Key Takeaway: Whether a business sale, inheritance, or lottery win, coming into money changes your life in fundamental ways. Being purposeful in how you spend it, invest it, and use...

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06.03.24

Inflation enhances the 2025 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and the adjustments are announced earlier...

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05.29.24

Timelines: 3 ways business owners should look at succession planning

Articles
Business Owners
Advisory

Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of ownership, in a manner that best ensures...

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05.28.24

Should you convert your business from a C to an S corporation?

Articles
Business Owners
Business Tax

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations....

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05.28.24

Hot Topic Webinar: Estate Planning 201

Event
Webinar
Wealth Management
Trusts

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...

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05.22.24

Could conversational marketing speak to your business?

Articles
Business Owners
Advisory

Businesses have long been advised to engage in active dialogues with their customers and prospects. The problem was, historically, these interactions tended to take a long time. Maybe you sent...

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Fractional CFOs working on documents with graphs and charts showing leading indicators for strategic management
05.21.24
Cory M. Parnell, CPA

Fractional CFOs, Professional Services Firms, and Using Leading Indicators to Boost Profitability

Blog
Professional Services
Outsourced Accounting

In the competitive professional industry, the ability to foresee and adapt to changing circumstances is crucial for maintaining profitability. Leading indicators are proactive metrics that provide early insights into your...

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05.21.24

A Three-step Strategy To Save Tax When Selling Appreciated Vacant Land

Articles
Real Estate Developers
Advisory

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you...

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“BGM” is the brand name under which BGM CPA, LLC and BGM Group, LLC provide professional services. BGM CPA, LLC and BGM Group, LLC practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. BGM CPA, LLC is a licensed independent CPA firm that provides attest services to its clients, and BGM Group, LLC and its subsidiary entities provide advisory, and business consulting services to their clients. BGM Group, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the BGM brand are independently owned and are not liable for the services provided by any other entity providing services under the BGM brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by BGM CPA, LLC and BGM Group, LLC.

BGM WEALTH: Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.