Uncategorized

A graphic showing difference paths a person can take
12.23.24

Operating as a C corporation: Weigh the benefits and drawbacks

Articles
Business Owners
Business Tax

When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations...

Read More
a graphic showing an accountant working on a laptop
12.23.24

Hot Topic Webinar: Annual Economic Update

Webinar
Wealth Management

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...

Read More
A cannabis leaf
12.23.24
Ben Ogren

Minnesota’s Cannabis Licensing Cycle: A Path Forward for Social Equity and Market Launch

Blog
Cannabis

Author: Ben Ogren, Cannabis Consultant at Bridge West Consulting Minnesota’s cannabis industry is gearing up for a fresh start as the Office of Cannabis Management (OCM) announced the launch of...

Read More
An older couple reviewing their financial portfolio
12.17.24
Jake Thibault, CFP®

Tax Planning Tips for Exercising Stock Options

Blog
Wealth Management
Individual Tax & Planning

Stock options have become a powerful tool in modern compensation packages, offering employees the potential for significant financial growth. However, the path to maximizing their value is fraught with complex...

Read More
A graphic showing the words Intangible Assets
12.16.24

The tax treatment of intangible assets

Articles
Business Owners
Business Tax

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand...

Read More
a tax professional reviewing financial charts
12.16.24

November Market Review

Articles
Market Review
Wealth Management

Riding the Wave Post-Election Optimism Fuels U.S. Markets While Global Uncertainty Lingers  November 2024 Key Observations A Republican victory fueled a rally in the U.S. equity markets in anticipation of...

Read More
A graphic showing the year 2024 turning into 2025
12.12.24
Corey W. Edmunds, CPA, MBT

Now’s the Time to Start Year-End Tax Planning for 2024

Blog
Business Tax
Individual Tax & Planning

As the year draws to a close, you’ll want to make critical tax-planning decisions that can significantly impact your company’s financial standing. Whether it involves purchases, deferring expenses, maximizing credits,...

Read More
an analog clock, a coffee mug, and glasses
12.12.24
Dane J. Boeckermann, CPA

Year-End Accounting Checklist: 10 Things to Cross off Your List

Blog
Families
Executives
Business Owners
Advisory
Audit & Assurance
Outsourced Accounting

As 2024 winds down, you should square away several accounting tasks. Your accounting books should be organized, up-to-date, and ready to transition into a new year. To prepare for 2025,...

Read More
A picture of a cannabis leaf
12.09.24
Cory M. Parnell, CPA

2025 Cannabis Industry Predictions and Insights

Blog
Cannabis

As we transition into 2025, the cannabis industry stands at a pivotal juncture, influenced by the outcomes of the 2024 elections and evolving market dynamics. This article delves into the...

Read More
A graphic showing the words Employee Stock Ownership Plan on a sticky note
12.04.24

ESOPs can help business owners with succession planning

Articles
Business Owners
Retirement 401k

Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least...

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.