Uncategorized

11.22.24

Businesses can still cut their 2024 taxes

Articles
Business Owners
Business Tax

President-Elect Trump will take power early next year along with a unified GOP Congress. However, it’s still unknown how the tax landscape will change in the coming years. The good...

Read More
11.20.24
Jon T. Meyer, CFP®

I Wish I’d Met You in December

Blog
Individual Tax & Planning
Wealth Management

Key Takeaway: Too often, I meet people in January who, if I had met in December, could have had a better outcome. The change in the tax year from December...

Read More
11.19.24

Get tax breaks for energy-saving purchases this year because they may disappear

Articles
Individual Tax & Planning

The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On the...

Read More
11.19.24
Nathan B. Panning, CPA

Tax Considerations for Purchasing Equipment Before Year-End: A Strategic Guide for 2024

Blog
Business Owners
Business Tax

As the end of the year approaches, many business owners start thinking about ways to reduce their tax liabilities for the current tax year. One common strategy is purchasing new...

Read More
11.19.24
Elizabeth Mylan

Piercing America’s Corporate Veil: A Historic Look at U.S. Anti-Money Laundering and Combating Terrorist Financing Legislation

Blog
Beneficial Ownership Information Filing (BOI)
Business Tax

The concept of the Corporate Veil is anchored in the principle of limited liability and has been a cornerstone of corporate law for centuries. Originating in English common law, this...

Read More
11.18.24

It’s not too late to trim your 2024 taxes

Articles
Individual Tax & Planning

As the end of the year draws near, savvy taxpayers look for ways to reduce their tax bills. This year, the sense of urgency is higher for many because of...

Read More
11.14.24

Now what? Assessing the likely tax impacts of the 2024 election

Articles
Business Tax
Individual Tax & Planning

President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified...

Read More
11.13.24

Business owners: Be sure you’re properly classifying cash flows

Articles
Business Owners
Audit & Assurance

Properly prepared financial statements provide a wealth of information about your company. But the operative words there are “properly prepared.” Classifying information accurately isn’t always easy — especially as the...

Read More
11.12.24
Nathan B. Panning, CPA

How Year-Round Planning Can Help You with Estimated Tax Payments

Blog
Business Tax
Individual Tax & Planning

Picture this: It’s April, and your tax preparer has sent you your tax return link with a note saying, “Please call me before opening.” You open without calling and are...

Read More
11.12.24

The amount you and your employees can save for retirement is going up slightly in 2025

Articles
Retirement 401k

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the...

Read More

“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.