Uncategorized

06.03.24

Inflation enhances the 2025 amounts for Health Savings Accounts

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each year, based on inflation, and the adjustments are announced earlier...

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05.29.24

Timelines: 3 ways business owners should look at succession planning

Articles
Business Owners
Advisory

Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of ownership, in a manner that best ensures...

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05.28.24

Should you convert your business from a C to an S corporation?

Articles
Business Owners
Business Tax

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations....

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05.28.24

Hot Topic Webinar: Estate Planning 201

Event
Webinar
Wealth Management
Trusts

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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05.22.24

Could conversational marketing speak to your business?

Articles
Business Owners
Advisory

Businesses have long been advised to engage in active dialogues with their customers and prospects. The problem was, historically, these interactions tended to take a long time. Maybe you sent...

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Fractional CFOs working on documents with graphs and charts showing leading indicators for strategic management
05.21.24
Cory M. Parnell, CPA

Fractional CFOs, Professional Services Firms, and Using Leading Indicators to Boost Profitability

Blog
Professional Services
Outsourced Accounting

In the competitive professional industry, the ability to foresee and adapt to changing circumstances is crucial for maintaining profitability. Leading indicators are proactive metrics that provide early insights into your...

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05.21.24

A Three-step Strategy To Save Tax When Selling Appreciated Vacant Land

Articles
Real Estate Developers
Advisory

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you...

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05.20.24

Tax tips when buying the assets of a business

Articles
Business Owners
Advisory

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes....

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05.15.24

Businesses must face the reality of cyberattacks and continue fighting back

Articles
Business Owners
Advisory

With each passing year, as networked technology becomes more and more integral to how companies do business, a simple yet grim reality comes further into focus: The cyberattacks will continue....

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05.14.24
Jacob Irving, J.D.

Marijuana Rescheduling: What does this mean for me and my cannabis business?

Blog
Cannabis

Earlier this week, the Associated Press reported that the DEA would reclassify marijuana as a less dangerous drug and ease some federal restrictions. While this has been accurately reported 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.

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