Uncategorized

08.19.24

Cash or accrual accounting: What’s best for tax purposes?

Articles
Business Tax

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....

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08.14.24

Does your company have an EAP? If so, be mindful of compliance

Articles
Healthcare
Advisory

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...

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08.13.24

Are You Unfairly Burdened By A Spouse’s Tax Errors? You May Qualify For “Innocent Spouse Relief”

Articles
Individual Tax & Planning

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...

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08.13.24
Spencer Davies, CFP®

Optimizing Gifting Strategies to Minimize Taxes

Blog
Wealth Management

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...

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08.12.24

Understanding taxes on real estate gains

Articles
Individual Tax & Planning

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...

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08.08.24

Do you owe estimated taxes? If so, when is the next one due?

Articles
Individual Tax & Planning

Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your...

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08.08.24

Hot Topic Webinar: Making the Most of Your 401(k): Small Business Retirement Plan Design

Event
Webinar
Retirement 401k

This presentation is offered for educational purposes only and should not be considered a comprehensive review or analysis of the topics discussed today. These materials are not a substitute for...

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08.07.24

Businesses should stay grounded when using cloud computing

Articles
Business Owners
Technology

For a couple decades or so now, companies have been urged to “get on the cloud” to avail themselves of copious data storage and a wide array of software. But...

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08.07.24
Cory M. Parnell, CPA

How SaaS Companies Can Use KPIs to Evaluate Success

Blog
Advisory

In the competitive world of Software as a Service (SaaS), understanding and effectively utilizing Key Performance Indicators (KPIs) is essential for evaluating success and driving growth. KPIs provide valuable insights...

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08.07.24
Cory M. Parnell, CPA

The Critical Distinctions: CFO vs. Controller

Blog
Advisory

The evolving nature of various industries presents unique challenges and opportunities for businesses. Effective financial management is crucial, making the roles of Chief Financial Officer (CFO) and Controller essential. Although...

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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.