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Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A major reason is that these entities offer federal...

In case you missed it, we hosted a webinar on “Beneficial Ownership Information (BOI) Filing” on Tuesday, August 27, presented by Cory Parnell, CPA, Principal of BGM. During the webinar,...

Introduction Estate tax comes into play on the transfer of wealth from a deceased person to their heirs. Estate planning is crucial to help pass as much wealth as possible...

Small Cap Equities Heat Up in July Falling Rates and Softer Inflation Contribute to a Reversal in Market Leadership  July 2024 Key Observations Softer inflation data released in July pushed...

Many employees began working remotely during the pandemic and continue doing so today. Remote work has many advantages for employers and employees, and as a result, it’s here to stay...

Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that qualify....

Many businesses have established employee assistance programs (EAPs) to help their workforces deal with the mental health, substance abuse and financial challenges that have become so widely recognized in modern...

Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason for such...

How to Gift Assets to Family Members and Charities in a Tax-Efficient Manner When it comes to managing substantial wealth, an important strategy to consider is gifting. While this can...

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of...