Uncategorized

07.08.24

Be aware of the tax consequences of selling business property

Articles
Business Owners
Business Tax

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify this discussion, let’s...

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07.02.24

Consider borrowing from your corporation but structure the deal carefully

Articles
Business Owners
Business Tax

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s important to avoid...

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06.28.24

Hot Topic Webinar: Q3 Economic Update

Event
Webinar
Wealth Management

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...

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06.27.24

What might be ahead as many tax provisions are scheduled to expire?

Articles
Business Tax
Individual Tax & Planning

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs...

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06.26.24
Jon T. Meyer, CFP®

Five Trivial Mistakes with Large Impact Busy Business Owners Make

Blog
Business Owners
Wealth Management

Key Takeaway: It is easy to neglect your personal finances when focusing on building a business. The trivialities of life just get in the way. But the impact of those...

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06.26.24

May Market Review

Articles
Market Review
Wealth Management

Patience and Pragmatism A Back-to-the-Basics Look at Allocating Capital Efficiently Key Observations A fixation on the direction of interest rates continues to drive prices in the short term, including in...

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06.25.24

2024 Q3 tax calendar: Key deadlines for businesses & other employers

Articles
Business Owners
Business Tax

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

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06.24.24

BGM named in “Star Tribune’s 2024 Top Workplaces” List

News

BGM is pleased to announce that the Firm has been named a 2024 Top Workplace by the Star Tribune! Top Workplace award recipients are determined by employee feedback from a...

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06.20.24

SECURE 2.0: Which provisions went into effect in 2024?

Articles
Retirement 401k
Individual Tax & Planning

The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan and tax laws. Many of...

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06.18.24

Social Security tax update: How high can it go?

Articles
Individual Tax & Planning
Retirement 401k

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the Social Security tax they...

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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.