Uncategorized

10.07.19

Understanding and Controlling the Unemployment Tax Costs of Your Business

Articles
Business Owners
Business Tax

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed...

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10.02.19

Laptop Battery Safety Is No Laughing Matter

Articles
Business Owners
Technology

You’d be hard pressed to find a business today that doesn’t have laptop computers listed among its assets. Large companies have hundreds of them; midsize ones issue them to managers...

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09.25.19

Does Your Team Know the Profitability Game Plan?

Articles
Business Owners
Advisory

Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying to put as many wins on the board as possible to...

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09.24.19

Reflecting on Campus Recruitment Events as an Employee and Student

Blog

Quality employee recruitment is an integral part of continuing the success of your company. Building a foundation of strong employees contributes to long-term growth and developing future leaders of the...

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09.24.19

When is Tax Due on Series EE Savings Bonds?

Articles
Families
Individual Tax & Planning
Family Office

You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them....

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09.24.19

Cannabis Inventory and IFRS Biological Assets – Inventory Records

Blog
Cannabis
Audit & Assurance
Outsourced Accounting

As cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial...

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09.23.19

How to Treat Your Business Website Costs for Tax Purposes

Articles
Business Owners
Business Tax

These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs...

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09.16.19

Five Ways to Withdraw Cash from your Corporation While Avoiding Dividend Treatment

Articles
Business Owners
Business Tax
Advisory

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution...

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08.28.19

Some Business Owners Can’t Participate in Their Own Companies’ HRAs

Articles
Business Owners
Advisory

Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages over the perhaps better-known HDHP companion account, the Health Savings Account...

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08.26.19

The Tax Implications of a Company Car

Articles
Business Owners
Business Tax

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for the employer as well 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.