Uncategorized

08.07.24
Cory M. Parnell, CPA

How SaaS Companies Can Use KPIs to Evaluate Success

Blog
Advisory

In the competitive world of Software as a Service (SaaS), understanding and effectively utilizing Key Performance Indicators (KPIs) is essential for evaluating success and driving growth. KPIs provide valuable insights...

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08.07.24
Cory M. Parnell, CPA

The Critical Distinctions: CFO vs. Controller

Blog
Advisory

The evolving nature of various industries presents unique challenges and opportunities for businesses. Effective financial management is crucial, making the roles of Chief Financial Officer (CFO) and Controller essential. Although...

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08.05.24

BGM Ranks #148 Among Top 200 Accounting Firms by INSIDE Public Accounting

News

BGM is thrilled to announce that the firm has been named a 2024 “IPA 200 Firm” by INSIDE Public Accounting (IPA).This is the sixth year in a row BGM has...

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08.05.24
Chad Halbur

The Value of Using Trusts to Pass Inheritance Versus Outright Gifts to Children

Blog

As a professional in the trust industry, a key discussion I have with clients is regarding the most effective methods for transferring wealth to the next generation. While outright gifts...

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08.05.24

The possible tax landscape for businesses in the future

Articles
Business Tax
Individual Tax & Planning

  Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The reason has to do with a tax law...

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08.01.24
Kenton Anderson

Midyear Tax Check-In: Do You Have an Optimized Tax Strategy?

Blog
Individual Tax & Planning

It might seem like we just rang in the New Year, and suddenly, in the blink of an eye, the year is half over.  So it could come as a...

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08.01.24
Ross Gobel

Key Steps to Take When You Inherit a Large Sum: A Financial Guide

Blog
Young Inheritors
Wealth Management

Receiving a significant inheritance can be a life-changing experience, offering both exciting opportunities and potential challenges. Whether the funds come from a family member’s estate or an unexpected inheritance, managing...

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07.31.24

The tax implications of disability income benefits

Articles
Individual Tax & Planning

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It...

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07.30.24

Business website expenses: How they’re handled for tax purposes

Articles
Business Owners
Business Tax

Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted. But there are established rules that generally apply...

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07.29.24

IRS issues final regulations on inherited IRAs

Articles
Retirement 401k

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs,...

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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.