News + Insights

As 2024 winds down, you should square away several accounting tasks. Your accounting books should be organized, up-to-date, and ready to transition into a new year. To prepare for 2025,...

As we transition into 2025, the cannabis industry stands at a pivotal juncture, influenced by the outcomes of the 2024 elections and evolving market dynamics. This article delves into the...

Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least...

As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs...

A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. The...

You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Let’s take a look at what...

Receiving a home as an inheritance comes with a mix of opportunity and complexity. Often, inherited properties come with ongoing tasks and emotional connections. When considering selling, renting, or keeping...

As the end of the year approaches, many business owners start thinking about ways to reduce their tax liabilities for the current tax year. One common strategy is purchasing new...

The concept of the Corporate Veil is anchored in the principle of limited liability and has been a cornerstone of corporate law for centuries. Originating in English common law, this...

Picture this: It’s April, and your tax preparer has sent you your tax return link with a note saying, “Please call me before opening.” You open without calling and are...

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...

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...

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...

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...

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...