Uncategorized

05.01.24

B2B businesses need a cohesive strategy for collections

Articles
Business Owners
Advisory

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges. Every company, whether buyer or seller, is trying to manage cash flow. That means customers...

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Cupped hands offering a ball of cash.
05.01.24
Chad Halbur

Charitable Remainder Trusts: Generating Income While Giving to Charity

Newsletter
Business Owners
Trusts

What Are Charitable Remainder Trusts? A Charitable Remainder Trust (CRT) can be an effective tool for managing the tax implications of selling a business while also benefiting a charity. A...

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05.01.24
Kim Scharber

Year-Round Business Tax Advisory Services

Newsletter
Blog
Business Owners
Business Tax

Maximizing Your Business Tax Strategy: The Value of Year-Round Tax Advisory Services Tax planning isn’t just about saving money and staying compliant. It should also optimize your business tax strategy...

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Older man and woman holding hands walking on a beach together
05.01.24
Jon T. Meyer, CFP®

Spend It! (How to Spend Money in Retirement)

Newsletter
Retirees
Wealth Management

Key Takeaway: You might be good at saving, but are you good at spending? Enjoying money is harder than it seems, but the jolt of retirement reminds us we must...

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04.30.24

Taxes when you sell an appreciated vacation home

Articles
Individual Tax & Planning

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income...

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04.29.24

When partners pay expenses related to the business

Articles
Executives
Individual Tax & Planning

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm....

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04.24.24

Health care self-insurance and stop-loss coverage: What business owners need to know

Articles
Healthcare
Advisory

For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options: fully insured or self-funded. A fully insured plan...

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04.23.24

Minnesota Cannabis Market Insights: Legislative Update

Event
Webinar
Cannabis

Wednesday, May 8, 2024 from 12:00pm – 12:50 pm CT Learn more about the new, uncharted, and evolving cannabis marketplace in Minnesota. Cannabis industry experts will walk you through updates...

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04.23.24

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Articles
Young Inheritors
Estate and Trust

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too good to be true. While...

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Business owner signing a contract preparing to sell a business.
04.22.24
Jon T. Meyer, CFP®

Preparing to Sell Your Business – 5 Years Out

Blog
Business Owners
Wealth Management

Key Takeaway: Many business owners wait until they are ready to sell their business to find out that they could have received a higher offer had they worked on some...

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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.