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IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. Plus,...

In today’s tough job market and economy, the Work Opportunity Tax Credit (WOTC) may help employers. Many business owners are hiring and should be aware that the WOTC is available...

With the ongoing growth of the cannabis industry, best practices are dynamic, regulations are constantly changing, and dispensaries face tremendous challenges related to profitability and growth. For operators, it is...

The Chief Financial Officer (CFO) is a critical member of a company’s executive team. The CFO develops the company’s financial strategy, manages financial risks, and performs duties such as tracking cash...

We are pleased to announce that Sara Maloney has joined the firm as its Chief Financial Officer. Maloney will direct and oversee the fiscal functions for BGM CPAs and the...

Cannabis businesses face complex tax obligations and need to be mindful of potential IRS audits. The complexities of IRS audits increase due to Section 280E of the Internal Revenue Code...

In today’s economy and environment, it can seem impossible to step away from our businesses to educate, network, and have fun. But sometimes we must make the time. When we...

If you’re in the early stages of exploring cannabis financing or attempting to raise cannabis capital, you’ve probably come across the concept of convertible debt. Cannabis ventures, in particular, tend...

With electronic payments and in-app purchases becoming so much the norm, many midsize to large companies have grown accustomed to software-driven accounts receivable. But there are some smaller businesses that...

Warmer weather, lower costs of living, and the ability to enjoy outdoor activities are all strong considerations making migration south attractive for many retirees. Purchasing a new residence to escape...