Uncategorized

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...

Read More
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,...

Read More
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....

Read More
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...

Read More
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...

Read More
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...

Read More
12.19.23
Cory M. Parnell, CPA

Cannabis Industry Predictions for 2024

Blog
Cannabis
Advisory

Let’s look at the latest insights and 2024 predictions for the cannabis industry. This blog addresses the changing landscape, including regulatory shifts and market opportunities. Continue reading to explore the...

Read More
12.18.23

2024 Q1 tax calendar: Key deadlines for businesses and other employers

Articles
Business Owners
Business Tax

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may...

Read More
12.13.23

Businesses: Do you have to comply with the new corporate transparency reporting rules?

Articles
Business Owners
Business Tax

Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required...

Read More
12.12.23

The “nanny tax” must be paid for nannies and other household workers

Articles
Families
Family Office

You may have heard of the “nanny tax.” But if you don’t employ a nanny, you may think it doesn’t apply to you. Check again. Hiring a housekeeper, gardener or...

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.