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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. 

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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05.14.24

When do valuable gifts to charity require an appraisal?

Articles
Individual Tax & Planning

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires donors and...

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05.13.24

The tax advantages of including debt in a C corporation capital structure

Articles
Business Owners
Business Tax

Let’s say you plan to use a C corporation to operate a newly acquired business or you have an existing C corporation that needs more capital. You should know that the federal...

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05.08.24

8 key features of a customer dispute resolution process for businesses

Articles
Business Owners
Advisory

No matter how carefully and congenially you run your business, customer disputes will likely happen from time to time. Some of the complaints may be people looking to negotiate a discount,...

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05.07.24

Pay attention to the tax rules if you turn a hobby into a business

Articles
Advisory

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn...

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05.06.24

Hot Topic Webinar: Estate Planning 101

Event
Webinar
Wealth Management
Trusts

Wednesday, May 22, 2024 at 12:00pm PM CT What should you do to put a basic estate plan in place? Join us online on Wednesday, May 22, for an hour-long discussion....

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05.06.24

Federal regulators expand overtime pay requirements, ban most noncompete agreements

Articles
Business Owners
Business Tax

The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is...

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05.03.24

Cannabis ESOPs: Why an ESOP is an Industry Game Changer

Webinar
Event
Cannabis

Date: May 21, 2024, 1:00 PM – 2:00 PM EST Co-hosted with BGM and MBO Ventures Join us for an insightful session on “Cannabis ESOPs: Why an ESOP is an...

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05.01.24

B2B businesses need a cohesive strategy for collections

Articles
Business Owners
Advisory

If your company operates in the business-to-business (B2B) marketplace, you’ve probably experienced some collections challenges. Every company, whether buyer or seller, is trying to manage cash flow. That means customers...

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Cupped hands offering a ball of cash.
05.01.24
Chad Halbur

Charitable Remainder Trusts: Generating Income While Giving to Charity

Newsletter
Business Owners
Trusts

What Are Charitable Remainder Trusts? A Charitable Remainder Trust (CRT) can be an effective tool for managing the tax implications of selling a business while also benefiting a charity. A...

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05.01.24
Kim Scharber

Year-Round Business Tax Advisory Services

Newsletter
Blog
Business Owners
Business Tax

Maximizing Your Business Tax Strategy: The Value of Year-Round Tax Advisory Services Tax planning isn’t just about saving money and staying compliant. It should also optimize your business tax strategy...

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Older man and woman holding hands walking on a beach together
05.01.24
Jon T. Meyer, CFP®

Spend It! (How to Spend Money in Retirement)

Newsletter
Retirees
Wealth Management

Key Takeaway: You might be good at saving, but are you good at spending? Enjoying money is harder than it seems, but the jolt of retirement reminds us we must...

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04.30.24

Taxes when you sell an appreciated vacation home

Articles
Individual Tax & Planning

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income...

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04.29.24

When partners pay expenses related to the business

Articles
Executives
Individual Tax & Planning

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm....

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