Uncategorized

01.10.24

Did your business buy the wrong software?

Articles
Business Owners
Advisory

No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According to the results of a recent...

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01.09.24

BGM Solutions: Strategies and Services to Address HR and Payroll Challenges

Event
Webinar
Outsourced Accounting

Understanding the crucial role of HR and payroll services in the success and efficiency of your business is essential. This comprehensive session will dive into the essential benefits of choosing...

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01.09.24

The kiddie tax could affect your children until they’re young adults

Articles
Families
Family Office

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much...

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2024 Economic Update
01.09.24

Hot Topic: Q1 2024 Economic Update

Event
Wealth Management

Wednesday, January 24, 2024 at 12:00 PM CT Where will interest rates take us in the first quarter of 2024? What impact will elections have on the economy? Are recession...

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01.08.24
Nathan B. Panning, CPA

Amending Tax Returns After Receiving the Employee Retention Credit

Blog
Business Owners
Business Tax

In 2020, the government responded to the COVID-19 pandemic by passing the CARES Act, which included a refundable tax credit known as the Employee Retention Credit (ERC). This credit enabled...

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01.03.24

Perform an operational review to see how well your business is running

Articles
Business Owners
Business Tax

In the wide, wide world of mergers and acquisitions (M&A), most business buyers conduct thorough due diligence before closing their deals. This usually involves carefully investigating the target company’s financial,...

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01.02.24

Defer a current tax bill with a like-kind exchange

Articles
Business Owners
Advisory

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange....

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12.27.23

3 types of internal benchmarking reports for businesses

Articles
Business Owners
Business Tax

As each year winds to a close, owners of established businesses can count on having plenty of at least one thing: information. That is, they have another full calendar year...

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12.20.23

Reinvigorating your company’s sales efforts heading into the new year

Articles
Business Owners
Business Tax

Business owners, with the year just about over, you and your leadership team presumably have a pretty good idea of where you want your company to go in 2024. The...

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12.19.23

Court awards and out-of-court settlements may (or may not) be taxed

Articles
Attorneys
Law Firms
Advisory

Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some...

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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.