Uncategorized

11.08.24

How much can you contribute to your retirement plan in 2025? The IRS just revealed the answer

Articles
Retirement 401k

The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits will increase for 2025 — but less than in prior years. Thus, depending...

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11.06.24
Cory M. Parnell, CPA

FinCEN Extends Beneficial Ownership Reporting Deadlines for Businesses Affected by Recent Hurricanes

Blog
Business Owners
Beneficial Ownership Information Filing (BOI)

In response to the significant challenges posed by recent natural disasters, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has granted extended deadlines for certain victims of...

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11.05.24

The nanny tax: What household employers need to know

Articles
Families
Individual Tax & Planning

Hiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily chores. However, as a household employer, it’s critical to understand...

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11.04.24

From flights to meals: A guide to business travel tax deductions

Articles
Business Owners

As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your...

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10.30.24

The 2024 Election and Cannabis Legalization: A Critical Turning Point

Blog
Cannabis

As the 2024 election approaches, BGM recognizes the pivotal role it could play in shaping the future of cannabis legalization across the United States. Matthew Schweich, the Executive Director of the...

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10.30.24

Building on Success: Leadership Changes at BGM

News

We are excited to announce that Dane Boeckermann, current Principal and President of CPA Services, has been named the new CEO as a result of Cory Parnell’s term coming to...

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10.29.24

Hot Topic Webinar: Private Equity Investing – Is It for You?

Webinar
Wealth Management

Wednesday, November 13, 2024 at 12:00 PM CT Have you been wondering whether you should invest in private markets? How would you access them, and what are the risks? Join...

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10.28.24

How will the 2025 inflation adjustment numbers affect your year-end tax planning?

Articles
Individual Tax & Planning

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will...

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10.28.24
Ross Gobel

Creating a Sustainable Withdrawal Plan for Your Retirement

Blog
Retirement 401k
Wealth Management

The opinion of the author is subject to change without notice and must be considered in conjunction with relevant regulation, as well as subsequent changes in the marketplace. Any information...

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10.24.24

Maximize your year-end giving with gifts that offer tax benefits

Articles
Individual Tax & Planning

As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to...

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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.