Uncategorized

06.18.24
Nathan B. Panning, CPA

Employee Fringe Benefits Help You Attract Talent

Blog
Business Owners
Business Tax

Employee Fringe Benefits Make Your Company a More Attractive Employer As economic conditions remain unsteady, companies of all sizes are seeking ways to grow without taking on excessive risk. One...

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A mother and her daughter working together in their cafe
06.17.24

Hiring your child to work at your business this summer

Articles
Business Owners
Advisory

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could...

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a graphic showing the word cash flow on a sticky note
06.13.24

4 Ways Businesses Can Better Control Cash Flow

Articles
Business Owners
Advisory

From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming sales can...

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a graphic showing Mutual Funds on an ipad
06.11.24

The tax consequences of selling mutual funds

Articles
Advisory

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute,...

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A graphic showing the words Beneficial Ownership surrounded by business icons
06.10.24

Is Your Business Subject to the New BOI Reporting Rules?

Articles
Business Owners
Business Tax
Beneficial Ownership Information Filing (BOI)

The Corporate Transparency Act (CTA), effective from January 1, 2024, introduces significant changes in the way businesses report their beneficial ownership information (BOI). These changes are designed to enhance transparency...

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Cannabis plants flowering in a greenhouse
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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A senior couple workign on estate planning documents
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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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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Finance professionals shaking hands over documents
05.20.24

Tax tips when buying the assets of a business

Articles
Business Owners
Advisory

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes....

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A cannabis plant with pollen coming off of it
05.14.24
Jacob Irving, J.D.

Marijuana Rescheduling: What does this mean for me and my cannabis business?

Blog
Cannabis

Earlier this week, the Associated Press reported that the DEA would reclassify marijuana as a less dangerous drug and ease some federal restrictions. While this has been accurately reported as...

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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.