Uncategorized

04.16.25

Trump Tariffs and What Importers Can Do to Minimize their Impact

Webinar
Business Owners
Advisory

During this timely webinar, Robert Silverman, Founding Partner, and David Murphy, Partner, at Grunfeld Desiderio Lebowitz Silverman & Klestadt LLP discussed with Cory Parnell, Principal at BGM, the tariffs by...

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04.15.25

What tax documents can you safely shred? And which ones should you keep?

Articles
Individual Tax & Planning
Business Tax

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the...

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04.14.25

Turn a summer job into tax savings: Hire your child and reap the rewards

Articles
Business Owners
Business Tax

With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them...

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04.11.25

Mitigate the risks: Tips for dealing with tariff-driven turbulence

Articles
Business Owners
Business Tax

President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has long endorsed the imposition of...

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04.10.25
Jake Thibault, CFP®

Diversifying Wealth When Most of It Is Tied to Company Stock

Blog
Wealth Management

As a late-stage startup employee or founder, having most of your wealth tied to company stock presents both tremendous opportunity and significant risk. While your equity may represent years of...

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04.10.25
Ross Gobel

Top Tax-Saving Strategies for Pre-Retirees: Smart Moves for High-Income Earners Approaching Retirement

Blog
Retirement 401k
Wealth Management

As you stand at the peak of your professional life—whether as a business owner, executive, or seasoned investor—the view is impressive. You’ve built something remarkable. The question is no longer...

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04.09.25

Businesses considering incorporation should beware of the reasonable compensation conundrum

Articles
Business Owners
Advisory

Small to midsize businesses have valid reasons for incorporating, not the least of which is putting that cool “Inc.” at the end of their names. Other reasons include separating owners’...

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04.08.25

An essential tax deadline is coming up — and it’s unrelated to your 2024 return filing

Articles
Individual Tax & Planning

Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the...

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04.07.25
Spencer Davies, CFP®

How to Transition Your Business to Family or Employees: Don’t Let Legacy Become Liability

Blog
Business Owners
Wealth Management
Advisory

Key Takeaway: You built your business with strategy, sacrifice, and stamina—but transitioning it requires a different kind of discipline. Whether you’re eyeing family members or key employees, the earlier you...

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04.07.25

Small business alert: Watch out for the 100% penalty

Articles
Business Owners
Advisory

Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from employees’ paychecks. In this situation,...

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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.