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Browse BGM’s collective financial knowledge across a wide variety of topics and industry specific insights, as well as the most up to date news on our firm. 

06.13.24

4 ways businesses can better control cash flow

Articles
Business Owners
Advisory

From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming sales can...

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06.11.24

The tax consequences of selling mutual funds

Articles
Advisory

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute,...

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06.10.24

Figuring corporate estimated tax

Articles
Business Owners
Business Tax

The next quarterly estimated tax payment deadline is June 17 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want...

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06.10.24

Is Your Business Subject to the New BOI Reporting Rules?

Articles
Business Owners
Business Tax

The Corporate Transparency Act (CTA), effective from January 1, 2024, introduces significant changes in the way businesses report their beneficial ownership information (BOI). These changes are designed to enhance transparency...

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06.10.24
Cory M. Parnell, CPA

Determining Inventory Costs for Your Cannabusiness

Blog
Cannabis
Business Owners
Outsourced Accounting
Business Tax

Since BGM started working with cannabis and hemp companies in 2009, one of the most challenging accounting and tax issues has been determining inventory costs. Determining inventory costs is a...

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06.05.24

Why businesses may want to integrate ESG into strategic planning

Articles
Business Owners
Advisory

When business owners and their leadership teams meet to discuss strategic planning, the primary question on the table is usually something along the lines of, “How can we safely grow...

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06.04.24
Jon T. Meyer, CFP®

What To Do If You Suddenly Come Into A Large Sum of Money?

Blog
Young Inheritors
Business Owners
Wealth Management

Key Takeaway: Whether a business sale, inheritance, or lottery win, coming into money changes your life in fundamental ways. Being purposeful in how you spend it, invest it, and use...

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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

Wednesday, June 26, 2024 at 12pm CST So you have a will, but what else should you do for your estate? Join us online on Wednesday, June 26, for an...

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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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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.