Uncategorized

07.23.24

BGM Welcomes SealedBid to their Organization

News

BGM, a nationally recognized top 200 accounting and advisory firm, is excited to announce the addition of SealedBid, a specialized lower mid-market mergers and acquisitions (M&A) firm based in Minneapolis,...

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07.23.24
Jon T. Meyer, CFP®

Retirement Candy: Sweet Temptations That Lead to Hard Crashes

Blog
Retirement 401k
Wealth Management

Key Takeaway: Strategy should always take precedence over tactics. This is especially true with all the investment solutions being touted as the answer to people’s main fear: losing money. However,...

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07.22.24

IRS ramps up compliance enforcement against certain businesses

Blog
Business Owners
Business Tax

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The...

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07.18.24

Vroom vroom: What businesses should know about sales velocity

Articles
Business Owners
Advisory

Owning and running a company tends to test one’s patience. You wait for strategies to play out. You wait for materials, supplies or equipment to arrive. You wait for key...

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07.15.24

If your business has co-owners, you probably need a buy-sell agreement

Articles
Business Owners
Advisory

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted...

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07.11.24

3 areas of focus for companies looking to control costs

Articles
Business Owners
Advisory

Controlling costs is fundamental for every business. But where and how to address this challenge can change over time based on various economic and logistical factors. Earlier this year, global...

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07.10.24

Planning your estate? Don’t overlook income taxes

Articles
Estate and Trust

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a...

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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

Wednesday, July 24, 2024 at 12:00 PM CT How did the economy affect the markets in the second quarter of 2024? What can we look forward to in Q3? Join...

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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.