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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. 

01.21.25

Early Bird Tips: Answering Your Tax Season Questions

Articles
Individual Tax & Planning

The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and processing 2024 tax year returns....

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01.20.25

2025 Tax Calendar

Articles
Business Owners
Individual Tax & Planning
Business Tax

To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms, payments and other actions are due. Please review the calendar...

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01.15.25

3 ways businesses can get more bang for their marketing bucks

Articles
Business Owners

Most small to midsize businesses today operate in tough, competitive environments. That means it’s imperative to identify and reach the right customers and prospects. However, unlike large companies, your business...

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01.14.25

Do you have questions about taking IRA withdrawals? We’ve got answers

Articles
Individual Tax & Planning
Retirement 401k

Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since...

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01.13.25

Small business strategy: A heavy vehicle plus a home office equals tax savings

Articles
Business Owners
Business Tax

New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use the vehicle more...

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01.08.25

Want a Cannabis License? Tips for Success in Minnesota’s Licensing Process

Webinar
Cannabis

In this webinar, industry pros Peter Prevot, CPA (COO), Jacob Irving, J.D. (VP of Consulting Services), and Ben Ogren (Cannabis Consultant) from Bridge West Consulting, gathered for an informative chat...

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01.08.25

How companies can better control IT costs

Articles
Business Owners
Business Tax

Most small to midsize businesses today are constantly under pressure to upgrade their information technology (IT). Whether it’s new software, a better way to use the cloud or a means...

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01.07.25

Saving for college: Tax breaks and strategies your family should know

Articles
Families
Individual Tax & Planning

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code...

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01.06.25

How Section 1231 gains and losses affect business asset sales

Articles
Business Owners
Business Tax

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and...

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12.30.24

Understanding the Work Opportunity Tax Credit

Articles
Business Owners
Business Tax

According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With today’s hiring...

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12.30.24
Cory M. Parnell, CPA

BOI Filing Requirement is Halted Again

Articles
Business Owners
Beneficial Ownership Information Filing (BOI)

In the latest twist in the ongoing legal saga surrounding the Corporate Transparency Act (CTA), the U.S. Court of Appeals for the Fifth Circuit issued a critical ruling on December...

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12.26.24
Cory M. Parnell, CPA

Injunction lifted; FinCEN extends most BOI deadlines to January 13, 2025

Blog
Beneficial Ownership Information Filing (BOI)

On December 23, 2024, The Fifth Circuit Court of Appeals issued a stay on the district court’s nationwide injunction against the Corporate Transparency Act (CTA). As a result, BOI reporting...

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12.23.24

Operating as a C corporation: Weigh the benefits and drawbacks

Articles
Business Owners
Business Tax

When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and disadvantages that may significantly affect your business operations...

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12.23.24

Hot Topic Webinar: Annual Economic Update

Webinar
Wealth Management

Wednesday, January 29, 2025 from 12 to 1 PM CT. Ready to dive into the key economic and market themes as we head into the new year? Join us online...

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12.23.24
Ben Ogren

Minnesota’s Cannabis Licensing Cycle: A Path Forward for Social Equity and Market Launch

Blog
Cannabis

Author: Ben Ogren, Cannabis Consultant at Bridge West Consulting Minnesota’s cannabis industry is gearing up for a fresh start as the Office of Cannabis Management (OCM) announced the launch of...

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